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> Gold appreciation was ~0% from 1930-1970. Post fiat-currency it grew at 5-7%. That has to mean something... Gold was nationalized by the US Government in the
by ac29 6y ago
> Gold appreciation was ~0% from 1930-1970. Post fiat-currency it grew at 5-7%. That has to mean something...
Gold was nationalized by the US Government in the 1930s and it wasnt legal for US citizens to own or trade again until the 1970s. https://en.wikipedia.org/wiki/Gold_Reserve_Act https://en.wikipedia.org/wiki/Gold_Reserve_Act