The chief reason the Federal government mandates that ONLY their currency is legal tender is to maintain control over the mostly light - brained people/ sheeple. They hate Gold because they cannot manipulate Gold the same way they manipulate paper money. Although the Fed has tried to control privately held Gold by confiscating it from the people/ scheeple, making the world honor the dollar at Bretton Woods and finally telling other nations to go screw themselves by cutting off Gold redemptions, (Nixon in 1971). The same game has been played many times in the past cantury with ALL government paper monies having expired worthless. Americans will respond only when their worthless dollars cease to be redeemable for life's necessities. And Gold, (as well as Silver), will once again be recognized as real money, (despite the government's scorched-earth campaign to suppress real money).
Am always surprised and bemused that those who delight in slamming Gold ignore the fact that one US Dollar printed today is worth 4 CENTS of a 1916 dollar; however every ounce of Gold - the Midas metal - is still buying the same amount - or more - of "stuff", (food,etc.) as it did in 1916. And Gold will still have value as it did 50 centuries ago while countless fiat currencies have come and gone in that time.
All the governments of the world have con-vinced most folks that fiat money spun from paper, (think lead turned into gold), is the real measure of wealth, mostly because the government enforces fiat money on everyone). However, real money always wins out over fiat money. That is when owning gold pays off.
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in that time.
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