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Not every currency is as stable as the USD and has the US federal government backing it up.
by Dirlewanger 6y ago
Not every currency is as stable as the USD and has the US federal government backing it up.
- URfejk 6y agoDolar has been declining for a long time: https://seekingalpha.com/article/4366155-u-s-dollar-devalues-99-vs-gold-in-100-years-gold-price-crosses-2067 https://seekingalpha.com/article/4366155-u-s-dollar-devalues...
- Fjolsvith 6y agoIf you had an ounce of gold back in 1934, it was worth $35. [1] Nowadays, your gold would be worth $ 1,870.73. [2] The only thing stable with that is the dollar's decline in value, despite being backed by the US Government. 1. https://nma.org/wp-content/uploads/2016/09/historic_gold_prices_1833_pres.pdf https://nma.org/wp-content/uploads/2016/09/historic_gold_pri... 2. https://www.jmbullion.com/charts/gold-price/ https://www.jmbullion.com/charts/gold-price/