Q: What happens when gold inflates and diamonds deflate?
Click to enlarge.
Click to enlarge.
A: You get charts that require a log scale.
Note: The prices in the first chart are adjusted for inflation. The median price for gold (in today's dollars) from 1913 through 2009 was $409.12. It now stands at $1829.20.
Source Data:
USGS: Historical Mineral and Material Statistics
BLS: CPI
Please give gold its due, you are missing two more gold themed movies:
ReplyDeleteThe Man with the Golden Gun
GoldenEye
That is a 3:1 advantage for gold over diamonds (based on movie title). Can't they make artificial diamonds now? I've heard that but never researched it.
Great charts!
Mr Slippery,
ReplyDeleteThe Man with the Golden Gun
GoldenEye
Nice! I should have included them!
Can't they make artificial diamonds now?
Yes!
Industrial Diamonds Statistics and Information
Diamond may well be the world's most versatile engineering material as well as its most famous gemstone. The superiority of diamond in so many diverse industrial applications is attributable to a unique combination of properties that cannot be matched by any other material. For example, diamond is the strongest and hardest known material and has the highest thermal conductivity of any material at room temperature. Diamond that does not meet gem-quality standards for color, clarity, size, or shape is used principally as an abrasive, and is termed "industrial diamond." Even though it is more expensive than competing abrasive materials, diamond has proven to be more cost effective in numerous industrial processes because it cuts faster and lasts longer than any rival material. Synthetic industrial is superior to its natural diamond counterpart because it can be produced in unlimited quantities, and, in many cases, its properties can be tailored for specific applications. Consequently, manufactured diamond accounts for more than 90% of the industrial diamond used in the United States.
I would not make a good DeBeers spokesperson, lol.
A lovely lady clad in gold leaf and little else is tres sexy.
ReplyDeleteA lovely lady clad in diamonds is hard and scratchy.
'Nuff said.
JzB
WV: courful. Be courfol who you cling to
Jazzbumpa,
ReplyDeleteLOL!