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Gold vs Money vs The stock Market


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In the video he states that Money was once backed by gold and that this backing was taken away by Nixon taking us off the gold standard (1971). Now meaning that money has no backing!

So what is money worth? What is gold worth? He states that (unlike a car or a phone) that gold is the same now as it where 5000 years ago

 

At 4.35 min he states...

Gold stared the centery in 2001 and gold was under $300/oz. And now its over $2600/oz. So its gone up over 8 times in money value

And since then the Dow Jones has gone up about 4 times

So in this time frame, in the price of gold terms, the DJ is now worth half of what it was worth

Meaning that the DJ is not more valuable, its the Dollar is less valuable meaning you need 4 times as many Dollars to buy the DJ but you need 8 times as many Dollars to buy gold since the DJ is values in Dollars right?

 

 

 

 

So if we go back to old school money where there was no inflation and as he says gold was valued at $20/oz for 150 years. Then in that sence gold is worth its weight in gold money is a fake and the DJ is worth half its value now in the last 20 years. dose this smell like an ever on going cover up of a long term recession to you? If the DJ is worth halfs its value in the last 20 years then what about the rest of it. Is that more lies backed up by more fake statistics and news?

 

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6 minutes ago, goldrush said:

In the video he states that Money was once backed by gold and that this backing was taken away by Nixon taking us off the gold standard (1971). Now meaning that money has no backing!

So what is money worth? What is gold worth? He states that (unlike a car or a phone) that gold is the same now as it where 5000 years ago

 

At 4.35 min he states...

Gold stared the centery in 2001 and gold was under $300/oz. And now its over $2600/oz. So its gone up over 8 times in money value

And since then the Dow Jones has gone up about 4 times

So in this time frame, in the price of gold terms, the DJ is now worth half of what it was worth

Meaning that the DJ is not more valuable, its the Dollar is less valuable meaning you need 4 times as many Dollars to buy the DJ but you need 8 times as many Dollars to buy gold since the DJ is values in Dollars right?

So if we go back to old school money where there was no inflation and as he says gold was valued at $20/oz for 150 years. Then in that sence gold is worth its weight in gold money is a fake and the DJ is worth half its value now in the last 20 years. dose this smell like an ever on going cover up of a long term recession to you? If the DJ is worth halfs its value in the last 20 years then what about the rest of it. Is that more lies backed up by more fake statistics and news?

 

Would it be possible to have a translation of that in English?

😎

Chards

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