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7/8/2025, 6:15:34 AM
>>509802536
>Really, truely the dollar is a store of wealth. The Dollar, The Euro and the Yuan are stores of wealth.
You are not correct. A dollar is a store of value is as accurate as saying that a glass bowl is a store of water in the Arizona desert.
A "Dollar" USED to be defined as 371.25 grains of fine silver. Today the "Dollar" is actually a Federal Reserve Note which is a debt instrument behaving exactly like a zero interest government bond of infinite duration.
In 1932 on oz of gold was worth $20.67. Today one oz of gold is worth $3330.37, so in gold terms, the dollar is worth LESS than one percent of its value from 1933.
>Really, truely the dollar is a store of wealth. The Dollar, The Euro and the Yuan are stores of wealth.
You are not correct. A dollar is a store of value is as accurate as saying that a glass bowl is a store of water in the Arizona desert.
A "Dollar" USED to be defined as 371.25 grains of fine silver. Today the "Dollar" is actually a Federal Reserve Note which is a debt instrument behaving exactly like a zero interest government bond of infinite duration.
In 1932 on oz of gold was worth $20.67. Today one oz of gold is worth $3330.37, so in gold terms, the dollar is worth LESS than one percent of its value from 1933.
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