Sell Your Gold - Or Else
In 1933 the US Government [the perennial bureaucrats that is] made it illegal for Americans to own gold, [I won't go into the whys and wherefores here]. When Americans 'gave up' their gold in 1933, they were paid $20.67 for each ounce they surrendered.
If they had simply 'lost' one of those ounces behind the sofa, today they could exchange it for over $1,200.
But if [as most people were forced to do] they had sold their gold and taken the $20.67 in paper money and then misplaced it until today, $20.67 would only buy what $1.32 would have bought in 1933.
It's what governments do; live with it.
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