1oz of gold in 2019 can buy you an Hugo Boss suit

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buy canada goose jacket 41 points submitted 2 days agoI think every time I taken the time to explain how fiat currency works, and why the gold standard was way better, the person listening ends up agreeing with me.Going back to the gold standard would also end the minimum wage debate forever.The main reason we have to keep on raising it is because the Fed keeps pumping our economy full of fake dollars, backed by nothing but air.So, every year $1 is worth less than the year before, and thus, a minimum wage increase is needed to keep up with inflation.If we tie our currency to the most stable investment in the history of humanity, gold, we rid ourselves of this problem.Here how stable gold is over time:1oz of gold 2,000 years ago in the Roman Empire could buy you a nice dress tunic made by a good tailor.1oz of gold in 1950 could buy you an Hugo Boss suit.1oz of gold in 2019 can buy you an Hugo Boss suit. 1 point submitted 1 day agoI welcome having my opinion changed, but here a point that I understand as the core reason for keeping the greenback untied to gold.The canada goose outlet new york greenback is the global currency most companies tie to, giving the US a massive advantage over other canada goose uk harrods countries and giving us an outsized influence on world economics. This would be one of those things that actually is canada goose outlet store calgary making America Great. buy canada goose jacket

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