Oh no, the country won’t go to ruin. You’ll just lose 98% of your purchasing power over roughly a century. It’s like a svelte lovely smoking hot young wife, gaining 2 or 3 pounds a year. It’s barely noticeable....at first.
A gold standard is the scale. We live in a house with no scale.
I just love mathematically challenged people.
For you to lose 98% of your purchasing power over 100 years you need to:
Actually live to 121 years old, assuming you start working at age 21.
Assume no productivity improvements over your life time.
In anything. Cars last 60,000 miles. Watches are still considered high-tech because they tell time. Yep, what a life that was. Indoor plumbing a LUXURY.
100 years ago, in 1919, life was not static.
Go ahead and bury your head in the sand!
Keep buying gold. I’d have rather had Microsoft after the financial panic at $20 in March 2009. Add in the now $1.84 per share dividend (9.2% annually at the $20 cost) and you keep your 1979 gold purchase that you are STILL underwater on.
Store of value! What a joke.