Thomas Jefferson said in 1802
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'I believe that banking institutions
are more dangerous to our liberties than standing armies.
If the American people ever allow private banks
to control the issue of their currency, first by inflation, then by deflation,
the banks and corporations that will grow up around the banks
will deprive the people of all property
until their children wake-up homeless on the continent their fathers conquered.'
That is where we are in 2011. 2020
$20 worth of gold (1 oz) costs $1941.94 8/14/20
$97.10 to buy $1 worth of gold
$1 to buy 0.010298661174 worth of gold
"Not worth 2 cents"
$1 to buy 0.0xxxx worth of gold - "Not worth 2 cents"
- 04/04/11 $1 = 0.01408
- 04/21/11 $1 = 0.01328
- 05/03/11 $1 = 0.01320
- 05/30/11 $1 = 0.01299
- 08/19/11 $1 = 0.01079
- 05/26/18 $1 = 0.01541
- 08/14/20 $1 = 0.01029
- 10/06/23 $1 = 0.01093