To: MileHi
Finishing my thought...
Remember, spot price is only the relative value as denominated in
fiat currency.
It's not the gold or silver that is going up and down in value. It's the currency.
An ounce of gold will still buy what an ounce of gold could buy in 1950 when an ounce of gold was pegged at $35 an oz. It's the dollars that have changed in value.
1,698 posted on
05/24/2023 6:15:12 PM PDT by
Chuckster
(Friends don't let friends eat FARMED FISH.)
To: Chuckster
I agree with that, that’s why a silver dollar is worth more than a paper dollar.
1,701 posted on
05/24/2023 6:27:28 PM PDT by
MileHi
((Liberalism is an ideology of parasites, hypocrites, grievance mongers, victims, and control freaks.)
To: Chuckster
1,711 posted on
05/24/2023 7:09:54 PM PDT by
MomwithHope
(Forever grateful to all our patriots, past, present and future. )
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