Sunday 9 August 2020

[$] = Almost 100% of nuttin'......................from Rico

In 1932 Gold was priced at $20.67, and today that same ounce has 'broken' $2,067...
- Does that tell you anything?
 
It tells me that paper money/fiat is a failure, and that the Dollar* [think: FRN - Federal Reserve Note, unredeemable for anything but another FRN btw) has 'lost' 99% of its value/purchasing power in 100 years].
 
*The GBP and Yen have fared even worse...



1 comment:

Mark Matis said...

Ah, but the tribe insists that gold is not "real" "money"...