Missourian
Diamond Member
I had an epiphany today.
Having been born long after the sunset of the gold standard backing currency, in my mind I think of the dollar as being the constant and gold value increasing...but in reality, gold is the constant.
Consider golds value is always the same, but as the dollar is deminished, it takes more to buy the same amount of gold.
Now this may be common knowledge to most of you, but to me it was a completely new and unsettling perspective of the devaluation of the dollar.
Having been born long after the sunset of the gold standard backing currency, in my mind I think of the dollar as being the constant and gold value increasing...but in reality, gold is the constant.
Consider golds value is always the same, but as the dollar is deminished, it takes more to buy the same amount of gold.
Now this may be common knowledge to most of you, but to me it was a completely new and unsettling perspective of the devaluation of the dollar.
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