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That graph is kind of meaningless since gold was pegged to the dollar pre-1970s. Well, vice versa.
by saalweachter 9y ago
That graph is kind of meaningless since gold was pegged to the dollar pre-1970s. Well, vice versa.
- tim333 9y agoTo some extent though it illustrates that after 200 years the value of $1 of gold was something like $1 in real terms while the value of a paper dollar became 6 cents. Even if that only kicked in after the 1970.