“Whereas the prices of oil and wheat measured in dollars have soared over the course of this decade, they have, on the other hand, been remarkably stable when measured in terms of gold — gold having been the foundation of the world’s monetary system until 1971. It is, therefore, reasonable to conclude not that we are experiencing a commodities bubble, but, rather, the end of what might usefully be termed a ‘currency bubble.’”
-George Soros