| submitted by /u/thegrandknight
https://www.cmi-gold-silver.com/article/gold-standard-inflation-fiat-money/ is the source of the quote.
I did some research on the value of the dollar over the course of US history (at least, as far back as I could find. What I discovered was that the value of the dollar relative to the *median* price of gold over the last 225 years has crashed significantly and not recovered twice. *Only* twice. Once was at the beginning of the great depression, and the other was the minute the gold standard was abolished.
Note: There was a scenario on a similar scale of the great depression during the Colorado Gold Rush of 1859, but this only applies to gold and I think this is due to peoples' tastes and preferences leaning towards gold. The gold rush must have affected demand more than supply, because the price nearly doubled. That's the only thing I can think of to explain it.
Regardless, the price of gold returned to the median in just a little under two decades — very short in the history of the US. Here are the excel graphs I made that caused me to discover this phenomenon. https://imgur.com/a/FpEVl0W
I did some plotting of bitcoin prices from Aug 2010 to present March 2018 and there were some unbelievable results for predictions of the future prices of bitcoin. The “fair value” I got for this month is around $ 7765 usd. Therefore anything under this price is undervalued and you should buy as much as possible. For April, prices under $ 8593 are a steal. This doesn’t seem very high but keep in mind 2017 saw massive gains. But the ride is going to get crazier. Since Bitcoin is very volatile,…
"Like 90 percent," Brian Kelly estimates of his cryptocurrencies investment. "I run a fund. I have my money in that. I've got investments elsewhere." "But that's not for everybody," said the founder of BK Capital Management. "I'm making a big bet." In 2018, bitcoin has been under pressure, hitting a …
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