Comments by "k98killer" (@k98killer) on "" video.

  1. I really dislike when people quote JP Morgan's statement from over a hundred years ago as if it was some prophetic statement from God rather than a simple observation of the world around him. In the world as it exists today, there is no argument that "gold is money; everything else is credit" -- gold was explicitly demonetized in favor of credit money half a century ago and implicitly demonetized decades prior. The primary function of money is as a medium of exchange, not as a store of value (Ludwig von Mises, Theory of Money and Credit, 1912). Gold is objectively not money today except in rare circumstances.
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  2. The dotted red line was practically invisible on my screen; the higher contrast lines were much more apparent. I'm guessing that YouTube's video compression is not helping, but it could just be my screen.
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  3. Pretty good analysis. It has been a few years since the last time I did this kind of analysis -- my analytical focus recently has been the H.4.1 report from the Fed and the yield curve. The Fed had accumulated, realized losses in excess of 6 times their capital the last time I ran the numbers. However, there is one point of contention: the notion that gold is an accurate measure of inflation/debasement. Gold is a neutral reserve asset, but its utility for measuring debasement or inflation is typically limited to its direction generally -- it is not sufficiently accurate to use as a granular measure. As such, it is a worthwhile indicator, but it is often given undue significance. "Gold's value did not change" is a fundamentally inaccurate statement.
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