Post
Topic
Board Bitcoin Discussion
Re: Well, it sure feels like 6 months ago.
by
kjj
on 12/09/2011, 22:33:59 UTC
Where the hell did silver come from?  I thought we were talking about gold.
If you can't hold more than one thought at a time I understand why you think this is difficult.

Well, I guess it was my fault for expecting a somewhat serious level of discussion.  If you want to be childish, I guess I'll just call you a poopy head and leave it at that.

For everyone else reading this thread, or if you someone that can explain things to you, maybe a younger brother, or a pet rock or something, I'll just mention one more thing.  In a fully floating system like we have now, it is impossible to measure the volatility of any one thing without measuring the volatility of every other thing at the same time.  If you look at just one pairing, say gold vs. dollars, or gold vs. silver, the best you can do is make a remark about the relative volatility of the pair.

That is, if you say that gold is volatile because the dollar value of an ounce varies a lot, the reverse claim is equally true.  Thus, the dollar is volatile, because the gold value of one dollar varies a lot.  It also means that statements at a remove are doubly worthless, so talking about silver vs. gold doesn't tell you anything at all about gold, or about silver, and it tells you even less than nothing about gold vs. dollars.