gold news

 the following presentation is based on content from my new book The Great gold and silver Rush of the 21st century to read the free online chapters or order the book please go to ggsr21.com thanks years ago back in 2010 2012 something like that I came up with a presentation for one for my live pre stage presentations and I would take this chart that starts back in 1895 and back then you know the chart stopped somewhere around here I've updated this and brought this out so that I can put information all the way

to today on it then I would bring in this line of the price of a can of tomatoes Campbell's tomato soup and a gold coin because we were on the gold standard then so under the gold standard a can of tomato soup for more than 70 years just hung out right at around 10 cents per can and then I would uh you know I've got a little clicker on stage I would put this circle with a slash through the gold for August 15th of 1971 when Nixon took us unpegged us from Gold by ending the Bretton Woods system

and uh that was the day we left gold and then I would continue the chart and this would slowly wipe up and the price would climb and climb and climb uh and it would stop in right about you know that was back here well you see that the price goes from 10 to 20. so it doubles to 40 it doubles again to 80. it it had doubled three different times and uh now it has uh you know almost doubled again from 80 to 160 will be a a double but that was my presentation from years ago when I was writing the book I realized

that this presentation wasn't done I had only presenting had presented half the presentation for all of those years and I realized what I needed to do this is the price of a can of soup but what is the price of a dollar people don't think about the price of your currency what is the cost the price of a dollar well from the a grocery store the Merchant's perspective from the grocery stores perspective the price is how many cans of soup does it cost him to buy a dollar from you so this is a great concept to start

grasping uh so how many cans of soup is the dollar worth and to find that out all I had to do was put this chart upside down and we had 10 uh it was 10 cents for a can of soup so that's 10 cans of soup for one dollar and then here's the line where we left money and we transitioned to currency National fiat currency so this proves everything that I was claiming in chapter one and you can see uh the cost of a buying one dollar from the customer at a grocery store by paying for that dollar with

soup which is what the grocer is doing has been falling and falling and falling one dollar used to equal 10 cans of soup and as soon as we left money and went on to National Fiat currencies that the the cost of that dollar from the Merchant's perspective has been going down and down and down and now he can buy a can of he can buy a dollar from you with just two-thirds of a can of soup so we have more than 70 years of data here where it was stable under precious metals standards and then the national fiat

currency standard which by the way has also left us with this in this enormous national debt thanks for watching but this is by no means the whole story if you want the full story including my free online only chapters and companion videos there's a wealth of information at ggsr21.com thanks