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:
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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