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Sunday, March 30, 2025

States Work To Make Gold And Silver Alternative Currencies To US Dollar | ZeroHedge

 Read full text: https://www.zerohedge.com/precious-metals/states-work-make-gold-and-silver-alternative-currencies-us-dollar

 

In 1971, you could buy a house for $20,000 in Salt Lake, or 563 ounces of gold,” Ivory said. “Today, the average house is pushing $600,000, but with 563 ounces of gold you can buy more than three houses.

“Houses aren’t more expensive; they’re less expensive than ever on a fixed standard,” he said. “But our dollar has become this illusory standard where we’ve got unelected people deciding what the inflation rate is, which means how much of our money they’re going to take every year.”