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"For context, these increases have even outpaced the surge in gold prices over the same period" And you can't just manufacture or not the gold supply into scar
by downrightmike 11mo ago
"For context, these increases have even outpaced the surge in gold prices over the same period"
And you can't just manufacture or not the gold supply into scarcity
- knowitnone3 11mo agoyes you can. It's called mining
- sexeriy237 11mo agoactually the problem was population boom. FDR raised the rate from $20 to $35/ounce, and by timeNixon took the USA off standard the global population 3x. So gold is no longer scarce because it isn't backing real currency anymore. Its just metal