The price of gold is not going up, the value of the dollar is being made less valuable.

Posted : 13 Nov, 2022 10:42 PM

I sort of enjoy trying to keep an eye on the amount of money the central bank has been stealing from people.



Did you know that in 1980, a dozen eggs could be bought for 84 cents...but in 2021 the amount that a person would have to pay was $2.11



https://www.usinflationcalculator.com/



(you might say of course...the price of inflation is going through the roof)...thats correct...but let me explain what inflation is.



If your great-great grandpa wanted to help out his great-great grandson, then your grandpa could have saved almost anything...except dollars. But for this example we will use a gold coin (but we could use a variety of metals, we can even talk about the value of a men's suit!)



Imagine in 1913 your grandpa was able to save up $1,000. Then your grandpa exchanged the monoply game board money and with it he bought one thousand dollars worth of gold. Today the value of your grandfathers gold would be over $30,000.



Now pretend that your grandfather just burried the thousand dollars in a coffie can...instead of you having enough money to buy a car...the cash money could only buy you a good sized meal at a fast food resturant.



The federal reserve bank (which is not a part of the goverment) calls what they are doing inflation...but lets just be honest here. What the federal reserve is doing is they have been slowly bleeding your family dry.

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