No time to procrastinate!

No doubt you have witnessed the machinations of various central banks and world leaders and wondered at the clownishness of them all.  They are all True Believers in the fiat system.  All except Trump.  He knows they are all frauds and is calling them out.  With any luck, he'll crush the fiat system and reinstitute a truly hard currency as, for instance, was introduced in 1792 when silver was made the backing for money.  412.5 grains of .900 fine silver.  Copper added for durability.  The gold backing was added later as an accommodation but silver was money for a long time.  I remember when Johnson signed the order to remove silver from coinage as of January 1, 1965.  Then, Nixon removed us from the gold settlement standard in 1971.  In January 1973, I started back to college to get a second bachelor's degree, this time in accounting.  One of the classes (Business Finance) required a term paper and I chose to investigate how many US dollars were floating around for each ounce of gold.  Using the Almanacs in the university library from 1900, 1910, 1920, 1930, 1940, 1950, 1960 and 1970, I adjusted the calculations (the base year changed 3 or 4 times, not to clarify I'm sure but to confuse but I figured it out) and finally calculated that in 1970 there were 1,743 US dollars outstanding for each ounce of gold in the treasury. (Assuming the numbers were correct.)  The professor loved it and gave me an A+. 


Have you ever heard of Bill Holter and/or Jim Sinclair?  They do videos separately and together analyzing the currency and precious metals markets around the world and I learned to listen to them because they DO know what they are talking about.  In one particular video with Greg Hunter (one of the very few truly professional journalists left in this world), they expounded on the coming crisis and how the price of gold will go to a minimum of US$ 87,000 per ounce. Click here to hear it for yourself.


Then there is Egon von Greyerz, who is the head of Matterhorn Asset Management, who documented that the US Dollar has lost 98% of its purchasing power since 1971. See here. That's close enough to 1970 to use that for this little experiment.


That would mean the amount I calculated only represents 2% of the value in today's dollars.  OK.  So, when I divide $ 1,743 by 2% what do I get?  $ 87,150.  Exactly.  This is independent proof that Holter and Sinclair know what's going on.  That assumes Greyerz is hip to reality.  I've been involved since I started my mint in 1980 and, trust me, Greyerz knows this cold, too!


What are you waiting for?  Go buy some Gold!