Dollar v Gold

In 2008 the average price for a new house was in Federal Reserve Notes "Dollars"
$250,000

In 2008 the average price for a new car was Federal Reserve Notes "Dollars"
$28,715

In 2008 the Gold Spot Price closed Federal Reserve Notes "Dollars"
$880.30

(before britton woods/nixon closed gold window)
In 1965 the average price for a new house was in Federal Reserve Notes "Dollars"
$13,600.00

In 1965 the average price for a new car was Federal Reserve Notes "Dollars"
$2,650.00

In 1965 the Gold Spot Price closed Federal Reserve Notes "Dollars"
$36

In terms of Dollars, prices skyrocket.
In terms of Gold oz, prices get much cheaper.

If you bought your Gold in 1965 (enough to buy a 1965 house), and used it instead,
to buy a house in 2008, you saved almost 25% on your gold and you owned it, without a mortgage!
All you did was store your gold- no interest- the dollar is what got worse!

Real Incomes expressed in Gold fell sharply by 72%, while Dollar inflation of income rose by 697%

To keep up with 1965, the Dollar average income would have to have increased to $88,050. (this is only median income)

Are you earning $88,050 today? If you are, do you think you are rich?
The government does- you lose half of it anyway in taxes!

So in 1965 dollars, how much is the 2008 US Dollar worth?
In 1965 it took $36 to buy 1 troy ounce of Gold
Gold closed at $880.30 in 2008, so the fraction 36/880.30 = $0.041
The US Dollar closed 2008 at 4 cents!

Your Lincoln-lover penny is worth 0.040895 / 100 = 0.00040895 which is to say worth nothing!
Your Lincoln-lover $5 bill is worth $0.20
Your $20 Bill is worth $0.80
Your $50 Bill is worth $2.00
Your $100 Bill is worth $4.00
...or, at least it was back in Dec 2008...

The answer is to convert cash to gold- even at today's prices. (please consult a competent investment advisor)

Many in the industry (Schiff, for example) expect it higher- At least double.

How fast is the FED printing money? They do not express it in miles per hour,
but they do express it in Trillions of Dollars!

or, $40.895 Thousand Million Dollars (41B) 1965 = $1 Thousand Billion (1T) 2008.

Now lets use the actual debt at close of 2008:

Our national debt ended 9/2008 $10,024,724,896,912.49

That's 10.025 Thousand Billion Dollars (10T)

-In Gold 11,388 Thousand Million oz (11B)


In 1965, US debt was $317.274 Thousand Million Dollars (317B)

-In Gold 8,813 Thousand Million oz (~9B)

Dollar Debt Percent Increase 3159.64%

Gold Debt Percent Increase 129.21%

If the dollar was backed by gold, under the same thievery, our debt would only increased 130%,
instead, with the dollar worthless, debt increased 3 Thousand One Hundred Fifty Nine . 64 %

If the dollar was still pegged to Gold however, they would not have gotten away with such thievery!

So how much Gold does the US own right now?

How much does China own?

These guys know. http://www.research.gold.org/

Like my Father says, 'He who has the Gold, makes the rules!'