Is irrelevant. Let's pretend the dollar dissapeared from planet earth tomorrow. Is that gold coin you hold in your hand now worthless?
Of course not.
It was GOLD that gave value to the dolllar. So why would you be valuing gold in terms of dollars? The ENTIRE POINT of buying gold is so you have money and wealth because fiat is a scam and you fear a currency crisis which is hugely likely given our massive debt.
Remember anons.... if you are valuing gold in terms of filthy crumpled dollars you are valuing it the wrong way.
"In the absence of a gold standard there is no way to protect savings from confiscation through inflation - there is no safe store of value." - Alan Greenspan (1966)
"Gold is money, everything else is credit." - JP Morgan (testimony to congress 1912 before his death.)
Gabriel Jackson
Dollar value of gold only tracks how unstable, volatile, and lack of store of value the dollar is.
The more and more worthless the dollar becomes the higher the price of gold.
Ayden Reed
The price of a Big Mac in gold can randomly double in a year. How is that not volatile?
Jace Campbell
100 years ago 20$ = a good weekly salary and 20$ also equaled 1oz of gold.
Today 20$ barely buys you lunch at a bar.
But that gold ounce at $1,200 still equal a good weekly salary.
Levi Diaz
I'm not talking about 100 years ago. I'm talking about 5 years ago. Where the price of a Big Mac in gold doubled. Imagine if you were trying to buy a house, and you saved up all your wealth in gold. Then suddenly the price of the house doubled. How can you call that stable?
