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Does Mises' Equation Give a Basis for Gold Price? [View article]
On May 03 11:41 PM MGA_1 wrote:
> The Bank of England was successful doing this for 150
> years which resulted in a very sound currency.
from when to when are you talking about?
from 1914-2008, GBP depreciated 150 times against gold. before 1914, one GBP = 1/4 ounce of gold, now one GBP < 1/600 ounce of gold!