KW>   Re: party of the working class
 KW>   By: Matt Munson to All on Mon Jul 23 2012 09:53 pm

 >> Third I would like to see Congress members Baca and Chu support Ron Paul's
 >> Federal Reserve Transparency Act of 2011. It is disgusting how our
purchasin
 >> power has went down the toilet where the US dollar lost 97% of its gold
valu
 >> since when we got off the gold standard in 1971.

 KW> Ron Paul has a great talking point regarding the increase
 KW> in precious metals prices over the years. An ounce of gold
 KW> still buys roughly the same as it did in 1971 - the price
 KW> increase is a result of the devaluation of the curency
 KW> purchasing it, not an increase in value of the metal. ---

 Currently the price of gold is in a bubble. Before that it was
 in the trash heap. Gold has not kept up in value, it has prove a
 lousy investment over the decades.



BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

... Cum catapultae proscriptae erunt tum soli proscripti catapultas
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