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Purchasing power of dollar vs. gold

Posted by Richard on March 31, 2011

MineFund has a couple of graphs that every American needs to look at. The first shows the change in purchasing power for the US dollar from 1792 to today. The second shows the same for gold.

The relentless and near-precipitous decline in the value of the dollar after it was "unfettered" from gold is sobering. With the Federal Reserve creating new dollars ("monetizing the debt") hand over fist, what do you suppose that graph will look like a few years from now?

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