In 1965 for $100 you could buy 1 oz. of gold and 50 ozs. of silver. What would that cost today?
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Today, it takes 5,167 US paper dollars…..talk about currency debasement!
“Today, it takes 5,167 US paper dollars…..talk about currency debasement!”
In 2014 you predicted gold would hit $5,000 in 2015.
We are only half way there in today’s dollars.
So today’s dollar is about the equivalent of 2 cents in 1965.