FW30 - 3/31/2025 22:10

As of today... The $100 bill weighs 1 gram, and today's gold price just surpassed $100 per gram for the first time.

Hmmm.. Decoupling the USD from gold has allowed continual bit-by-bit devaluation of the currency. In all prior recorded history, the emperors/kings/leaders had to make periodic devaluations by making changes to the alloy and/or coin weights. Those changes were "noticed" by the people, but now it is nearly invisible, apparently fooling the vast majority of people.

Why has devaluation of the currency been in practice for thousands of years? Simply because the various governments spent too much money, often by waging war, and needed to reduce the resulting debt to avoid default.

Over the last 20 years, gold and SPY are basically tied with 600% total returns each. Farmland values may have kept up, or even exceeded in some cases, maybe not in others. CDs, bonds, and other fixed income investments have not. The rate of currency devaluation is much more than the widely publicized 2% inflation target of the federal reserve. Putting your cash under a mattress, or in a bank, or in fixed income assets is a sure loss, when factoring in this currency devaluation. Gold is soaring, so is risky to buy into right now, but stocks are on sale with this very typical, happens pretty much every single year, bull-market correction. Of course hold onto the stocks, gold, and land you already own, if you can. :)