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| A woman holds a 1kg gold bar at the headquarters of the Australian Bullion Company in Sydney [File: Daniel Munoz/Reuters] |
Aljazeera: Spot gold price touches an all-time high of $5,110.50 for an ounce in the first hours of the day.
That would make the gold bar in the picture worth $180,000. Back before Nixon, when gold was worth $35 an ounce, this same bar would have been worth $1,200. A few months ago when gold was around $3,000 an ounce, today's dollar was worth one cent from 1963. Now it's only worth 2/3 of one cent. And somehow the U. S. dollar is still the world standard.
2 comments:
Sadly, our MILITARY, or threats of military intervention by our criminal government (both worthless parties) is what sustains the dollar in foreign exchange. The last folks to OPENLY threaten the dollar with either a gold-back dinar or similar, ended up VERY DEAD (Saddam and Ghaddafi). And since nearly every government head is being blackmailed as part of the Epstein/Mossad/CIA trafficking/blackmail scheme, the banksters are going to get whatever keeps them rolling in the shekels.
Where ya gonna go!
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