Jan Nieuwenhuijs: U.S. dollar devalues by 99% vs. gold in 100 years

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By Jan Nieuwenhuijs
Voima Gold, Helsinki
Thursday, August 6, 2020

A world reserve currency is supposed to be superior in storing value, but through boundless money printing the U.S. dollar hasn't been able to compete with gold by a long shot. In 1932 the gold price was $20.67 dollars per troy ounce. Today it crossed $2,067 dollars.

That's a 99% decline in value of the dollar against gold. Other reserve currencies such as the British pound and Japanese yen have done even worse. The yen has lost 99.98% of its value against gold in 100 years. ...

... For the remainder of the report:

https://www.voimagold.com/insight/gold-price-crosses-2-067-us-dollar-dev...



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