'72. Nixon. It was $35 an ounce. Now we're up over $1,700. If we wanted honest money it'd have to be $10,000 an ounce. 15x inflation overnight. 1500%. The time might come when we wish we had that deal.
Hopefully we can convince the world to have China make us whole instead.
Buy reddit gold with bank notes backed by nothing, but used to be backed by gold.
Soon you'll be able to trade reddit gold for monopoly money.
Not sure why you were downvoted... they removed the Gold Standard around 'Nam I think? So yeah, notes are backed by words, not gold.
'72. Nixon. It was $35 an ounce. Now we're up over $1,700. If we wanted honest money it'd have to be $10,000 an ounce. 15x inflation overnight. 1500%. The time might come when we wish we had that deal.
Hopefully we can convince the world to have China make us whole instead.