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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. 


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