May 2009
1 post
3 tags
"IT MAKES SENSE TO BUY GOLD !"
Something as simple as visualizing the value of gold over the past two centuries highlights two important and frequently overlooked problems when charting price data.
Here’s a typical historical price chart, from an informational website advocating gold as an investment:
The first problem with this chart is inflation. Changes in a commodity’s price do not necessarily correspond to...