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A comment on Texas Repatriates Gold at Federal Reserve in New York to Texas. Parent comment

Re:Texas Repatriates Gold at Federal Reserve in New York to ... by pdq on Saturday June 13, 2015 @07:19PM (#9713128)
Even though you are cherry picking a peak value, I don't follow your logic.

$100 worth of gold bought at $850/ounce buys 0.117 ounces of gold. Today that gold (at $1181/ounce) is worth $138.90.

Your cash is worth $100.

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Re:Texas Repatriates Gold at Federal Reserve in New York to ... by lisper on Saturday June 13, 2015 @08:50PM (#9713375)
I was using inflation-adjusted prices. I took the phrase "$100 of their currency now" to mean one hundred 1980 dollars now, which would be worth about $250. Otherwise the argument is a straw man. Any non-perishable commodity is going to outperform an inflating currency in the long run. There's nothing particularly special about gold in that regard.
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