God and money: ‘A perfect and just measure shalt though have’
“The 50th anniversary of the collapse, on August 15, 1971, of the Bretton Woods monetary system is a momentous moment in the history of money. It should provide an occasion for thoughtful discussion focused on the road to reform, our priceless constitutional foundation, and the restoration of honest money.”
USAGOLD note: Though we completely support Ms. Shelton’s viewpoint, as expressed so eloquently and logically at the link above, we have to say that the chances of the United States restoring the gold standard anytime soon are next to nil. In lieu of a gold standard, though, there is a more practical and straightforward route investors can choose. They can put themselves on the gold standard by buying and taking delivery of gold coins. That strategy, as shown in the chart below, has worked nicely thus far in the fifty years of the fiat money system, and there is little reason to believe it won’t during the next fifty. Anyone who has held a handful of gold coins knows the value and comfort of making that decision in their own (and family’s) behalf.
Gold and the purchasing power of the U.S. dollar
(1971 to present)
Sources: St. Louis Federal Reservie, Bureau of Labor Statistics, ICE Benchmark Administration