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The Path of Light

@barbarian15 / barbarian15.tumblr.com

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stupittmoran

In 1929 the price of a troy ounce of gold was $20. There are 32.15 ozt per 1kg bar, so that equals $6,430 for 10kg of gold.

Today an ounce of gold is $2,344.90 per troy ounce. That equals $753,885.35 for 10kg of gold.

The average home price in the USA in 1929 was $4,902. So 10kg of gold would have gotten you nice size home.

The average home price in the USA today is $412,095. So 10kg of gold would get you a nice size home today as well.

Its not that gold has gone up in value, its that the dollar has lost 99.14% of its purchasing power since 1929 due to the printing and expansion of the currency supply.

Property values didn't go up by 840.67%, the dollar lost that much purchasing power 95 years.

~Citizens for Sound Money 💰

It's called counterfeiting when anyone but the government does it.

The gold standard was a check on government. It couldn't just print money out of nothing because originally dollars were redeemable in gold. If the government started printing too much money, people could turn in those counterfeit dollars for gold--until the government ran out of gold and went bankrupt.

So getting rid of the gold standard was a big deal for government. They finally managed it, and they've been running the printing presses non-stop ever since.

You don't have to go as far back actually. But well lifting the Gold standard has always been a mistake.

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They will tear down your statues, change your history, brainwash your children but if you pro-Israel flyers then you will go to jail.

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As white men leave the military and diversity hires take those positions, you are seeing first-hand how bad things are truly going to get.

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barbarian15