You and your family are going broke right now and you don’t even know it. When the gold standard was set in place, the price of gold remain at constant, $20.55 per ounce and this price fluctuate only one penny over the years 1833 to 1890. That means that for 57 years, the US dollar was literally as good as gold. And that’s the United States currency was designed to be from the very beginning. The constitution states that our currency was meant to be only gold and silver to prevent exactly what’s happening to the US dollar right now.
From the years 1891 to 1930, the price of gold per ounce was still very stable. The lowest $20.58 ounce and high were $21.32. And this means that between the years of 1833 to 1930 for a total of 97 years the price of gold changes in US dollars only 74 cents from top to bottom. Interestingly enough, the price of gold in all time low during the depression year of 1931. And many people believe this is done on purpose but a newly formed federal reserve to really twist the knife in the economy of the day. By reducing a total amount of money in circulation, and thus, making even the smallest amount of money very tough to come by.
There is a common mistake by some people to think that the great depression is why the Federal Reserve was created. The truth is the Federal Reserve was in fact created in 1913. This is well before the great depression. Since the FEDS creation, we’ve been solely going off the gold standard. Until finally, on August 15th, 1971 President Nixon, one of the worst presidents in our country short history and now the United States will no longer redeem US currency for gold. And this is the final step in abandoning the gold standard, what is important is to visually see the evaluation of the US dollar since we’re taking off the gold standard.
Keep in mind the price of gold really doesn’t go up or move, it has a historical value, it extremely consistent. So, instead of saying this in the price of gold going up, and you see the value of the dollar dropping like a rock. The price of gold has been flying right now; it is reasonably been as high as a $1300.00 an ounce all the way down to $870.00 an ounce. And what I find most interesting is you want to buy a brand new Corvette convertible in 2008, it would cost roughly $55,000. So when gold, they’d be roughly 60 ounces of gold as the spot price of $930.00 per ounce. So the time in gold is $930.00 you could basically take 60, 1 ounce gold coins cash them in and buy that very same car.
Inversely, if you remove inflation and a devaluation of the dollar as the US currency was still attached to the gold standard as it was originally intended when this country was founded. That same car being bought with the same 60 ounce of gold, whenever gold standard value of only $1200.00 or the same 60, $20, 1 ounce double eagles.
So, that car price today is $55,000 and the gold standard value is $12,000 this means that we’re sitting on roughly $53,800.00 inflation over the last 100 years for a $1200.00 item. This brings you original dollar of value to roughly 2 cents of today’s money. I'm sure it's a pretty tough to imagine and some people can’t handle this concept and they're trying to blow it off is incorrect. The fact is this was really going on with our currency. You don’t believe me, try this one. Back in 1964 and earlier, a quarter will buy you roughly a gallon of gas, this because a quarter of May 1964 and earlier were made of 90% silver and 10% copper. So, as spot prices silver be in $17.20 and ounce, this makes that core as actual value $3.11. So you can see that same 1964 quarter was still buying roughly a gallon of gas today. In case your wondering, it takes about 5 ½ silver quarters to make up of full ounces of silver, this is a fact the price of gold may fluctuate with the value of the dollar this doesn’t change the fact that precious metals, such as gold and silver have maintain there value throughout time. And the only thing that changes is the value of the currencies that are not tied to gold and silver.
This is what the founding fathers warn as about and tried to prevent from happening with the constitution. What people need to understand is the excess printing of the US States currency is just anther tax on the American people. It takes the value of the dollars that they have and make some more of less in the long run. It means while you're still making roughly the same amount of money, you get the prices for everything from gas to milk are going up constantly when in fact, nothing is really going up in price is the dollars actual value that’s been dropping and not prices going up. I can’t emphasize this enough, if you like this video and find it helpful, please rate it and share your comments on the subject, and most importantly please share this video with everyone you know.
I can’t tell you how important this is, when you let people know they’re losing all the worked so hard for and they don’t even know it. And all of your support and help in videos like this be seen by people that really need to see what's going on with their money and the economy of the United States. So please help support the channel and others like it.
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