Hmm, possibly!
Price volatility for 2 strategic commodities (phosphates and oil) during gold standard and floating currency eras.pic.twitter.com/TfItqm2WXH
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Here's my own explanation: http://unenumerated.blogspot.com/2016/02/two-malthusian-scares.html …
End of conversation
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commodity "intrinsic value" is somehow fixed. Problem is more w. monetary fundamentals, than w. demand fluctuations, if I got it
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Not too much volatility until after early seventies.... Wonder why so stable before then....
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