From: Jan Panteltje <alien@comet.invalid>
Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: Re: LOL... Moronic 4 Year Old Thinks We're Still On The "Gold Standard"
Date: Wed, 15 Oct 2025 08:02:41 GMT
Organization: A noiseless patient Spider
>Governor Swill <governor.swill@gmail.com>wrote:
>>On Tue, 14 Oct 2025 08:43:28 GMT, Jan Panteltje wrote:
>
>>But WHY should a country buy US debt when they can get
>>much better return on buying gold, or some other currency
>>than inflating dollars?
>
>Because US debt profits are more reliable. The interest is stated in
>advance and rises in direct correlation to inflation.
>
>It's worth noting that in the aftermath of Bush's Great Recession,
>nations and institutions were still buying treasuries even though the
>interest rate offered was 0%. Why? Because US treasuries were the
>safest place to keep your money. Earnings and yield became irrelevant
>against safety.
>
>Gold, like most other investments, has no guaranteed yield and can, in
>fact, become worth less than you bought it for faster than you can
>unload it.
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
Richard Milhous Nixon (January 9, 1913 â April 22, 1994)
was the 37th president of the United States,
>>>>> serving from 1969 until his resignation in 1974.
He decoupled the US dollar from the gold standard.
Ever since 1970 gold has been rising (US dollar falling)
see above graph from 1970 to today.