“The value of the vast majority of tangible assets has gone down”
excellent point (since it leads into a point that I want to make)
WHAT have these values gone down AGAINST?
the easy answer is, “the US dollar”
but wait, the US dollar has gone down too
perhaps the correct answer is that all tangible assets are devaluing RELATIVE TO GOLD which is the only asset class that has shown positive returns for the last 10 years in a row
its hard to think in these terms because we are so US-dollar-centric and brain-washed to believe that gold is a barbarous relic
