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Financial Friday: Gold Standard & The Trump/Musk Interview
FF: Gold Standard & the Trump/Musk Interview
We passed the 53rd year anniversary of leaving the gold standard. President Nixon assured us on August 15th, 1971 our dollars would buy as much later as they did that day. It now takes 71 times more dollars to buy an ounce of gold. Energy, housing & food are so expensive/volatile the government does not even count it in the Consumer Price Inflation numbers. Elon brought up the fact that price inflation comes from too much government spending. Trump changed the subject. Kamala wants to freeze prices on food. (That didn’t work well before.) She also…
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