In the 1970’s the delinking of the dollar from gold under Nixon ushered in a decade of inflation. The wealthy and other investors sought refuge in tangible assets and foreign currencies. Tangible assets had the advantage of not generating 1099
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It takes a deliberate effort to be informed in a world of nonstop media. Fear and drama sells much better than a considered deliberation of facts and options. Books in the 1970’s touting an inevitable inflationary spiral had middle class
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While I share the great concern about her destructive economic policies of this administration, I am getting a contrarian tick about the dollar and gold. Every right wing talk show and business TV show is flooded with adds selling gold
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