this post was submitted on 20 Jan 2026
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As opposed to the constant devaluing of the US dollar we have now? Do you have any idea how much less our dollar is worth since the 70's? They could have found enough gold to quadruple the known amount and it still would have left the dollar worth significantly more. No gold deposits being found the world over would have effected it nearly as much as our rampant inflation we have now. A loaf of bread was 20 cents in the 70's and paying more than a dollar a pound for ground beef was unheard of. A GOOD living wage was $35k a year. That's poverty levels now.
Good per ounce in 1970 was $35. Thirty five fucking dollars! Do you know what an ounce of gold is now? $4,800.
The only thing getting off the gold standard was good for was making sure peoples savings and retirement money would keep being worth less and less, because the "economy" doesn't want you to save your money. They want you to spend it and have to borrow. It makes sure whatever you have been saving will never be enough to retire on. Oh; you managed to save a 100k for retirement? Too bad that by the time you retire that's only going to be enough for a new truck.