http://pro.stansberryresearch.com/1402OILCHNGO/LOILQ210/?h=true
"It's estimated that during the 1960s and early 1970s, we essentially gave away about 2/3rds of our nation's gold reserves... around 400 million ounces... all because the U.S. government was trying to defend the U.S. dollar at a "fixed rate" of $35 per ounce of gold.
We gave away 400 million ounces of gold and got $14 billion in exchange. Today, that same gold would be worth $486 billion... a 3,468% difference."
"It's estimated that during the 1960s and early 1970s, we essentially gave away about 2/3rds of our nation's gold reserves... around 400 million ounces... all because the U.S. government was trying to defend the U.S. dollar at a "fixed rate" of $35 per ounce of gold.
We gave away 400 million ounces of gold and got $14 billion in exchange. Today, that same gold would be worth $486 billion... a 3,468% difference."
Perhaps "a banker a day" will keep the BullTards at bay...
ReplyDeleteMy paper Ag trade - A day early and a dolla late. Fine, as the phy smiles.
ReplyDeleteSuck D thumb and hold D ding-dong, as PM rally. No need 4 genius.