The 1970s crisis that followed Nixon's decision to end the Gold Standard pushed
the relative value of gold, its purchasing power, to a new all - time high.
Not exact matches
As such, and in contrast to
gold, bitcoin's
relative value is influenced by — and important to — a number
of players outside
of traditional financial spheres.
The investment case for silver is determined partly by silver's market
value relative to the market
values of gold and the industrial metals, and partly by the same macro-economic fundamentals that are important for
gold.
That is,
gold is the secret knowledge
of the financial universe and its true
value relative to currencies is vastly greater than its nominal price today, since much
of the
gold that investors think they own doesn't exist.
In a
gold bull market the «
value»
of an ounce
of gold rises
relative to the major equity indices and both senior currencies.
So on that basis, if we look at the
value of gold being thirteen hundred dollars today
relative to the cost
of mining..
However, there is one factor commonly overlooked by those who make this argument; the size
of gold bars and coins
relative to their
value.
This infancy is also reflected in the
relative size
of each market — the WGC has put a
value on all the
gold that has ever been mined
of $ 7.8 trillion, which is several orders
of magnitude more than the $ 300 billion market capitalisation
of all cryptocurrencies combined; while the market
value of bitcoin alone is «just» $ 175 billion.
Expansion
of CD34 + cells normalized
relative to the
values obtained in SFEM medium (dark gray bar) after culturing purified CD34 + cord blood cells for 7 days in StemSpan ™ serum -[SFEM, SFEM II (
gold bar)-RSB- and animal component - free ACF (orange bar) media, and six media from other suppliers (light gray bars).
If
gold doubles in
value relative to the USD and all
of the goods and services you typically buy, then your purchasing power has effectively doubled.
That means the real - world
value of in - game
gold has declined
relative to the U.S. dollar; a $ 60 copy
of Destiny 2 will now cost players around 520,000
gold instead
of 440,000
gold.
Over the course
of the past week or so I have spent lots
of time thinking and writing about how cryptocurrencies represent solid
value relative to stocks, bonds and other commodities like
gold or oil.
I contend that the rebranding from Zclassic to Bitcoin Private is a stroke
of genius from Rhett Creighton's side as it is going to make traders
value Zclassic in
relative terms to other Bitcoin hard forks such as Bitcoin
Gold and Bitcoin Diamond.