What does a good men’s suit cost today?
About 2 gold pieces! (A “piece” may be thought of as a 1 ounce gold coin.)
What about 110 years ago?
Same! In 1900, two gold pieces also bought a good mens suit.
Consider this however:
In 1900, a good mens suit was about $40. Today it is over $2500.
Ask yourself this… what does this say about the VALUE of the U.S. dollar??
You see, the reality is, in terms of gold (and silver) there has been NO erosion of “value” in 100+ years. One gold piece buys today what it bought then; in contrast, one dollar buys very little compared to what it bought 100+ years ago.
So, over the past 100 years would you be better off with dollars or gold coins under your pillow?
The answer to that question is clear! Unless you used your dollars to invest in a business (your own or another successful one), your dollars purchase power have eroded gradually over the past century.
Now you may say, but I’m a “boomer” and my income has increased greatly in the past 40 years. Thats true – but your expenses have increased even faster! Since 1971, average salaries are up 500% (yeah!!), but expenses are (in many cases) up 1000%!! So, what does this say about your standard of living?
Gold was a wise choice then, will it continue to be so?
Remember, gold and silver have had value for THOUSANDS of years. A reasonable person should ask why would that condition NOT continue? Gold and silver are naturally limited in supply. In fact, costs now to extract new gold and silver from mines are about the current value of these precious metals – so, if anything, there is limited incentive to extract more UNLESS the price rises (significantly).
As our nation (and others) print their currencies at breakneck speed – further devaluing their currency, gold and silver are poised to undergo a historic rise.
This rise has been held back through manipulation of the paper markets, but the manipulation can not continue indefinitely, so, a reasonable person would expect that when the “dam” breaks (in gold prices), it will rise, and rise rapidly.
The reason to buy gold and silver NOW is to be ahead of the curve AND to preserve wealth – you will not get rich owning silver and gold, you will simply preserve your purchase power, as your currency (the U.S. dollar) collapses.