| submitted by /u/BobAlison
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
Investors who get in early and understand the marketplace are in a good position to make money. The Bitcoin and Cryptocurrency Mastery Bundle helps you do just that, with six courses and 257 concise video lessons. You can get the whole lot now for $ 29 via the PopSci Shop. Here's a breakdown of …
Google Alert – bitcoin
For your info: this is about my dad's store and he would like to keep himself private and does not want to use Reddit as promotion for his shop! He is just excited about what it did for his revenue and wanted to share that with you guys! Thanks for the understanding :)!
Just some context for the faint of heart.
The post UK University Launches First-Ever Dedicated FinTech Undergrad Course appeared first on CryptoCoinsNews.
The post Scottish University Launches UK’s First Fintech Course appeared first on CryptoCoinsNews.