Anon.

Gold Price Relationships

Adam, appreciate your thoughts in the ratios mentioned.
BUT: what about real wages? Who in the end will have to
take the cut? Manufacturers can only take so much of a haircut to profit margins (if they exist at all, for ex. production cost of a barrel of oil reported to be $50-$55). If we see a deflationary spiral, it will be in goods, services and labor - whatever jobs are left.

Best regards.