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: Thu, 16 Oct 2025 08:21:58 GMT
Organization: A noiseless patient Spider
>Governor Swill <governor.swill@gmail.com>wrote:
>>On Wed, 15 Oct 2025 08:02:41 GMT, Jan Panteltje <alien@comet.invalid>
>wrote:
>
>>>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
>
>For whom I voted TWICE.
>
>>(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.
>>
>
>Pity you're not as specially clever as you think you are.
>
>Gold was set at $35 an ounce until Nixon decoupled it allowed both
>gold and the dollar to float freely.
>
>OBVIOUSLY it's value as measured in paper currency was going to rise.
>
>This led to the base inflation (aggravated by oil shocks and deficit
>spending) that plagued the US for the next decade and a half.
>
>As for the continuing rise in gold prices, it looks rather like a saw
>blade as it goes up and down but ever trending up. Why does it trend
>up?
>
>Because the gold supply grows more slowly than population, economic
>output and the paper money supply.
>
>DUH!
Annie Body can print wallpaper with pictures of tramps on it.
Still worth nothing!!!!