tahanirandolph425 tahanirandolph425
  • 09-02-2024
  • Business
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Please help me with the following. In 1971 a dollar was worth a dollar and gold was $35.00 per ounce. Today on January 6th, let say that a dollar is worth a dollar. Gold is now $2,045 per ounce. Can anyone explain this to me? Did the dollar devalue 98%? Why does a dollar buy 98% less gold now?

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