Now our gold is worth 21 times as many dollars as it was, so we now can sell the gold and get 21 million dollars.

When we spend this 21 million dollars, we are competing with all the other dollars in the marketplace, and prices have to go up as a result, because there are now more dollars but no more anything else. . .so dollars get cheap, and all dollars everywhere give up a percentage of their value to pay for an increase in the number of dollars WE have. So, if all these dollars lose 5% of their value, then we can buy a 20 million dollar share of the future with our 21 million dollars while everyone else loses 5% of the money they let sit in pockets, under the mattress, or wherever.

Half of the value of every dollar disappeared from 1979-1993

And those 1979 dollars would buy only half as much as a 1969 dollar bought, when prices were rising even more quickly.

And those 1969 dollars were buying only half of what dollars bought in 1947.

Here are the doubling years:

2010 1993 1979 1969 1947 1916 and 1933 had similar costs, about half those of 1947; these fluctuations were caused by WW I and Depression 1898 was also a very low point, but prices before this had been quite stable by today's standards, with 1989 and 1899 being the only two exceptions: which happened to cancel each other out fairly well

Thus, approximately, prices in 2010 will be double what is the case in 1993, just as 1993 was double 1979; 1979 which was double 1969, which was double 1947, which was double a spread around WW I and the Depression.

With 1993 labeled as "1.00000" the value of a dollar which is expected to be spent in 2010 will be "0.50000" or fifty cents.

2010 $1 buys $0.50 worth of 1993 dollars 1993 $1 buys $1.00 worth of 1993 dollars 1979 $1 buys $2.00 worth of 1993 dollars 1969 $1 buys $4.00 worth of 1993 dollars 1947 $1 buys $8.00 worth of 1993 dollars 1916 and 1933 $1 buys $16.00 worth of 1993 dollars 1898 $1 buys $32.00 worth of 1993 dollars