from King World News
With the price of gold and silver pulling back, today it is a good idea for King World News readers around the world to take a step back and look at the big picture.
The following email was sent to us from a KWN reader: “If the price of one ounce of gold was $20.79 in 1913, what should its price be today in 2016 if we factor in the increase in the cost of living since then? John Williams’ inflation calculator gives the answer. He provides both the official inflation rate since may 1913, and his own alternate inflation rate which begins in 1980, when inflation was high. (1980 it seems was the start of systemic government manipulation of statistics and markets.) His (John Williams’) alternate graph (of the price of gold) is (a staggering) 5 times higher than the official graph.