“Stop Thief!” – I am Being Robbed Blind!

We are surrounded by the Thievery Coporation - arm yourself with knowledge, a plan and take action now!

The Master Thief – But just who is it?

Most of humankind are being fleeced everyday and for the most part they are not even aware of it. Let me elaborate if I may. In fact this has gone on for so long (longer than anyone alive can remember), and so consistently that people now think that this is normal. However, I am here to tell you – this is anything but.

Question: What was the price of an ounce of Gold in USD on May 1st 1933?

Answer: 20.67 USD/Ounce

Ok, so another question – just to make the point.

Question: What was the price of an ounce of Gold in USD on May 1st 2013?

Answer: 1,400 USD/Ounce (approx.)

So what’s the deal here?

The point is easier to understand if we invert the numbers and take the reciprocal (i.e.divide 1/[gold-price]). Refer to the following table:

Gold Price-Change Overview (1933 – 2013)

Gold Price-Change Overview (1933 – 2013)

Now it’s a bit clearer to see what is going on. In 1933 one US Dollar would buy you 1/20th on an ounce of pure gold.

But if you try that today, you are only going to get 1/1400 on ounce of Gold.

Struth, I have been robbed! And you have been unless you took the time to buy a little Gold and/or Silver.

Back in 1933 the US Dollar was really pretty valuable (compared to today at least!).

So just how do you think this grand theft took place? Have a ponder and I will cover more next time. Till then, “Keep Stackin’ ” …

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