02/12/11, 08:46 AM
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Yuppie Scum
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Join Date: May 2007
Location: I'm in your head
Posts: 1,379
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Quote:
Originally Posted by Spinner
The value of our dollar has almost eroded to nothing. Before the fed reserve took control of our money, $20 was worth an ounce of gold. Today 1356 dollars are worth an ounce of gold. Figure it out and you'll discover that a dollar is only worth a few thin pennies.
Gold isn't any more valuable today than it was back then. Back then you could buy a good riding horse for an ounce of gold, today you can still buy a good riding horse for an ounce of gold. The difference is that it takes about 68 times more dollars to make that purchase. This is for the simple reason that dollars are only worth a fraction of what they were worth back then. They are losing value faster today than ever before due to the printing presses running in fast motion 24/7.
How many countries will want to hold our dollars with the value of them evaporating? If they are holding dollars today, they can exchange 1356 of them for an ounce of gold. What if it takes twice as many dollars to buy an ounce of gold next year? They would be losing buying power. That is why they are searching for an alternative method of safe guarding their wealth. They see TPTB devaluing the dollar by mismanaging them. Until or unless TPTB stop eroding the dollar, it will become TP.
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Put $20 in the stock market in 1913 and it's worth $184,000.
The dollar doesn't operate in a vacuum. Gold is going up against all currencies over the last several years.
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