http://www.youtube.com/watch?v=z6NfXk7Bvc8&feature=related
1833 - 1890 gold = $20.65 per ounce (57 years)
1891 - 1930 gold = $20.58 to $21.32 (39 years)
For 97 years gold changed $0.74 change.
In 1931 gold hit an all time low of $17.06.
In 1913 the Federal reserve act was established at Jekyll Island off the coast of Georgia in the US.
In 1971 on August 15th Nixon signed the final bill to take the US completely off the gold standard;
The US now no longer would redeem US currency for gold.
2003 gold = $350 per ounce.
2004 gold = $400 per ounce.
2004 gold = $400 per ounce.
2006 gold = $550 per ounce.
2007 gold = $650 per ounce.
2008 gold = $750 per ounce.
Recent gold fluctuation = $1030 to $860 per ounce.
2008 corvette = $55,000, 60 ounces of gold at spot price of $930 per ounce.
This represents $1,200 relative to gold standard, the same 60 ounces of gold.
This represents $53,800 of inflation over the last 100 years.
This brings the original dollar value to to two cents in today's money.
In 1964 a quarter would buy a gallon of gas, the quarter was 90% silver 10% copper.
Spot price of silver today of $17.20 makes that silver 1964 quarter $3.11.
That same 1964 quarter will buy you a roughly gallon of gas today.
What do you think ?
- our currency is worth less, it is not the goods and services increasing in intrinsic value !
- this enables WEALTH TRANSFER !
1833 - 1890 gold = $20.65 per ounce (57 years)
1891 - 1930 gold = $20.58 to $21.32 (39 years)
For 97 years gold changed $0.74 change.
In 1931 gold hit an all time low of $17.06.
In 1913 the Federal reserve act was established at Jekyll Island off the coast of Georgia in the US.
In 1971 on August 15th Nixon signed the final bill to take the US completely off the gold standard;
The US now no longer would redeem US currency for gold.
2003 gold = $350 per ounce.
2004 gold = $400 per ounce.
2004 gold = $400 per ounce.
2006 gold = $550 per ounce.
2007 gold = $650 per ounce.
2008 gold = $750 per ounce.
Recent gold fluctuation = $1030 to $860 per ounce.
2008 corvette = $55,000, 60 ounces of gold at spot price of $930 per ounce.
This represents $1,200 relative to gold standard, the same 60 ounces of gold.
This represents $53,800 of inflation over the last 100 years.
This brings the original dollar value to to two cents in today's money.
In 1964 a quarter would buy a gallon of gas, the quarter was 90% silver 10% copper.
Spot price of silver today of $17.20 makes that silver 1964 quarter $3.11.
That same 1964 quarter will buy you a roughly gallon of gas today.
What do you think ?
- our currency is worth less, it is not the goods and services increasing in intrinsic value !
- this enables WEALTH TRANSFER !
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