Gold’s Purchasing Power

Gold’s Purchasing Power Rises Dramatically as Credit Markets Implode Check this out! Gold’s purchasing power exploded this past week as measured by the Rogers Raw Materials Fund. Just five business days ago, an ounce of gold would have purchased 35.8% of the Rogers Raw Materials Fund. But by the end of this week, an ounce of gold will buy you 39.3% of Jimmy Rogers’ basket of stuff to measure, in the little fellow’s own words, “the cost of staying alive.” Bob Hoye has his own proprietary basket of commodities he uses to measure the “real” price of gold. Bob has pointed out that, from the past 300 years of history, during great credit contractions like the one we are now experi­en­cing, the real price of gold—what an ounce …