>61242947
>Gold hasn't been money for your entire life, its legal tender nowhere
Gold is valuable everywhere, and reveals just how much "legal tender," which is another name for fiat, enforced at gunpoint, has lost in value over the years. In gold terms, the USD has lost more than 99% of it's value since 1971.
Unlike fiat, which is credit, gold has intrinsic value, and when you personally hold it, no counterparty risk. Gold and silver are the definition of money, and whenever fiat fails, they automatically resume their rightful place in commerce.
https://www.youtube.com/watch?v=LgVmH77AgO0
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>>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.