Back to Basics

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The paper dollar is and always has been worthless. It has no real value. Gold has retained it's worth for thousands of years. Paper money ALWAYS FAILS! Always has, always will.

For comparisons sake, let's use one ounce of gold as a standard. In 1920, an ounce of gold cost $20. Let's call today's price at $800 for simplicity sake (it's been as high as $1000 recently). 800 divided by 20 is 40. It takes 40 times as many 2008 dollars as 1920 dollars to buy the same amount of gold. Or, divide the 1920 dollar by 40, and one finds that the 1920 dollar' is worth $.025 in 2008. That's TWO POINT FIVE CENTS. Hence, devaluation.

A practical illustration. In 1920, a ounce of gold - $20, was about a weeks wages at a decent job. If in 1920, one were to have put an ounce of gold and a $20 Federal Reserve Note in a drawer, each representing a weeks work; and then opened that same drawer today, the ounce of gold would be worth about a weeks wages at a decent paying job - $800; and the $20 Fed Note would be worth about an hours pay at the same job. 1/40th of it's 1920 value. Hence devaluation of a fiat dollar' by way of increased money supply, and the use of gold as a protection against devaluation.

Governments, banks, multinational corporations and the rich all use gold, silver and other precious metals as a hedge' against inflation, as ultimate currency transfers and as proof positive security. There is no better collateral than precious metals. As evidence consider this:

Most importantly, and reason enough above all other, our Constitutions specifically instruct our governments to use gold and silver as legal tender.

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[BatusaiJack]

yeah talk to them like they are retarted...

[dguilliams]

I've been saying this for years, Good job!

But you need to make the same video for silver!

[buzzclick500]

WOW. I ALWAYS LOVED THE STATE OF INDIANA ON GENERAL PURPOSES. NOW I HAVE A SOLID JUSTIFICATION FOR IT. ;])

[drutter]

loloooooooloooool

5 stars!

[savagetribefamilia]

it's not gonna happen buddy...