The Fed is in the inflation business. Look at the value of your dollars in gold today. In 1942, a dollar was worth 1/35th of an ounce of gold. Today, a dollar is worth 1/2465th of an ounce of gold.
Since gold-dollar convertibility was ended in 1971, the value of the dollar has fallen by 87%. Americans born in 1971 still have years of work ahead of them before retirement. They have worked their entire lives while watching the value of the dollars they saved eroded by bad fiscal and monetary policy.
Action Line: If Americans want stable money, peg the dollar to gold. When you want to talk about protecting your dollars with gold in your portfolio, I’m here. In the meantime, click here to subscribe to my free monthly Survive & Thrive letter.
Originally posted on Your Survival Guy.
