Click Here to Subscribe Now! Try a 3-month trial for only $68

Richard's Remarks

In the good ol' days from the 1800s into the 1930s every country was on the gold standard. This meant that you could take your paper money to a bank, turn it in to a teller and receive gold coins. Each nation had its own gold coins and it is notable that when the nation went off the gold standard and you could no longer collect gold for your paper money, in due time that paper money lost purchasing power, until ultimately it became worthless. This also occurred to the US dollar, which since it went off the gold standard in 1933 has lost 95% of its purchasing power. For your interest, I show 20 of the leading nations' gold coins, with the amount of gold content (GC) shown in each. 

 

... Log in or subscribe to continue reading.


Premium Content Notification

A subscription is necessary to access premium content.

Please use the button below to subscribe in order to access all premium articles

  • Trial Subscription Sign-up!

    Enter your email address below to sign up for a 90-day trial of Dow Theory Letters for only $68!

    All information is confidential.

  • A Big Thank You

    To all our subscribers and partners, we would like to say thank you for your loyal support through the years. We will continue to do everything we can to maximize your experience and enjoyment of our site. If you have any suggestions or would like to provide feedback, please click on the "Contact Us" link to the right.

© 2017 DOW Theory Letters. All rights reserved.