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Tractor Talk Discussion Forum

Re: O/T Investing opinions

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Traditional Farmer

12-08-2012 17:38:43
67.233.70.253



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The US Federal Reserve Dollar has been in a steady decline since its inception in 1913 when 20 of them would buy you an ounce of Gold now it takes over 1700 of them to buy an ounce of Gold somewhere around a 98% decline in value for the Dollar.And most of them aren't even paper anymore they are images on a computer screen in the Fed or a bank somewhere.




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Walt Davies

12-08-2012 21:00:20
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 Re: O/T Investing opinions in reply to Traditional Farmer, 12-08-2012 17:38:43  
Sorry the last of the federal notes were called back in the early 80s they were valued at one once of Silver.
Walt



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Traditional Farmer

12-09-2012 00:20:55
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 Re: O/T Investing opinions in reply to Walt Davies, 12-08-2012 21:00:20  
Wrong all US paper money has been issued by the Federal Reserve since the Federal Reserve Act of 1913.What you refer to are the Federal Reserve Dollars now known as Silver Certificates that guaranteed their worth in Silver which were discontinued in the early 70's by Nixon when the US went off the Gold Standard and the US currency
increased its fall in value.The Silver Certificates have never been 'called back' just discontinued many are still around and are sold regularly.

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