I hope he is right as well. I don't see how it lasts but since every other currency except the Swiss Franc is worse, it could go on a long time.I agree every country it worse and the fall of use of America dollar is only one fact if have billion using a few trillion compare to billions using many trillion.
As I have said many times before, I would rather they print /create more money than take more taxes from me. I think in the worst case hard assets like real estate and gold/silver mitigate the anticipated inflationary effect. Originally Posted by friendly fred
- Ripmany
- 07-26-2020, 12:31 AM
- matchingmole
- 07-26-2020, 09:24 PM
- Munchmasterman
- 07-26-2020, 10:20 PM
The last time gold was $44ish, it was 1972.
US citizens could buy gold bullion/coins etc. again starting Jan. 1, 1975.
In July, 2011, I got $7.60 per 1949-1964 quarter. Silver was @$43.00. It had been as high as $55 a few months earlier. I would have gotten @$9.95 per quarter at $55.00
US citizens could buy gold bullion/coins etc. again starting Jan. 1, 1975.
In July, 2011, I got $7.60 per 1949-1964 quarter. Silver was @$43.00. It had been as high as $55 a few months earlier. I would have gotten @$9.95 per quarter at $55.00
Yep, I remember when gold was $44 an ounce and how it shot up during the superinflation period of the late 70s. Originally Posted by gnadfly