Writes Matt Machaj: "The Polish currency was much sounder in recent years than the dollar
"It might be fun to see how the price of oil changed as supposingly 'peak oil' came in.
"In 2006 when oil was traded at 75 dolar per barrel, the dollar was worth 3.1 zlotys. This gives us the price of 232 zlotys per barrel.
"Today a barrel is worth 105 dollars, but the dollar is worth 2.25 zlotys. This gives us the price of 236,25 zlotys per barrel.
"In dollars the price of oil rose by 40%. In zlotys by 1.7%.
"Please tell me - is it peak oil or anti-peak fiat money?"
UPDATE from Matt: "Since Polish zlotys are also a fiat currency, subject to inflation, maybe it is worthwhile to consult other prices.
The price of a barrel of oil in:Gold: 2006 - 0.125 of an ounce; today 0.111 ounce. Oil is 12.6% cheaper in terms of gold.
Silver: 2006 - 6 ounces; today 5.77. Oil is 3.99% cheaper in silver.
Platinum: 2006 - 0.0682 of an ounce; today 0.0525. Oil is 30% cheaper in platinum.
"I would love to see the price for oil expressed in apples."
