The US Dollar COLLAPSE relative to gold has been remarkable

The US Dollar COLLAPSE relative to gold has been remarkable

⚠️The US Dollar COLLAPSE relative to gold has been remarkable:

In 1929, one ounce of gold was priced at $20.67 in US Dollars.

At that time, $1 could buy 0.0484 ounces of gold.

Today, with gold at $4,200, $1 buys just 0.00024 ounces.

That’s a 99.5% DROP in purchasing power.

submitted by /u/birth_of_bitcoin to r/btc
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Quelle: bitcoin-en