Until 1934, gold was valued at $20.67 per ounce, or more accurately, the dollar was valued at 1/20.67th of an ounce of gold. Gold hit $2067 today, or a 100x increase in price (aka the dollar being worth 1/100th of what it once was.)
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Do people who want a return to the gold standard realize they can just buy and hold gold with their dollars? Inflation is a deliberate feature of fiat
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Mike is the real gold standard. You can’t buy that
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Did... did a bitcoin write this?
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