The U.S. Dollar used to be based on a Gold Standard..... Beginning around 1934, it took about 35 U.S. dollars to buy one troy ounce of Gold.
Froggie President Charles de Gaulle tried to weaken the U.S. Dollar in the Sixties, so POTUS Nixon eventually took the U.S. dollar off of a Gold Standard..... So, today, it takes over $1200.00 U.S. dollars to buy one troy ounce of Gold.....
galrads: The U.S. Dollar used to be based on a Gold Standard..... Beginning around 1934, it took about 35 U.S. dollars to buy one troy ounce of Gold.
Froggie President Charles de Gaulle tried to weaken the U.S. Dollar in the Sixties, so POTUS Nixon eventually took the U.S. dollar off of a Gold Standard..... So, today, it takes over $1200.00 U.S. dollars to buy one troy ounce of Gold..... What's in your safe?
just sold my gold ring, which was giving to me in 2006 by a ex gf
TheRedSquirrel87: There will always be a market for gold. Gold speaks to the inner reptile. Money is the useful one, but it wouldn't be a good idea to hoard bank notes.
Gold. Take Kruger rands, an ounce of gold, I was given my first as a teenager, cost R30. I was given R50 in cash at the same time. R50 now wouldn't buy me a packet of cigarettes in the UK. Guess what my Kruger rand is worth?
allthegoodnamestLondon, Essex, England UK4,697 posts
Elegsabiff: Gold. Take Kruger rands, an ounce of gold, I was given my first as a teenager, cost R30. I was given R50 in cash at the same time. R50 now wouldn't buy me a packet of cigarettes in the UK. Guess what my Kruger rand is worth?
Elegsabiff: Gold. Take Kruger rands, an ounce of gold, I was given my first as a teenager, cost R30. I was given R50 in cash at the same time. R50 now wouldn't buy me a packet of cigarettes in the UK. Guess what my Kruger rand is worth?
Gold, silver, palladium, platinum...metal...money? Paper. Land, where one can live and raise food is invaluable. Many a war has been fought over land...
Elegsabiff: Gold. Take Kruger rands, an ounce of gold, I was given my first as a teenager, cost R30. I was given R50 in cash at the same time. R50 now wouldn't buy me a packet of cigarettes in the UK. Guess what my Kruger rand is worth?
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Gold Vs Money------which has the most value----?(Vote Below)