Are you working harder for more money?
And that is just to cover the basics! It’s not just you. Higher costs and added financial pressures on families today are causing fear, uncertainty, and doubt on a large scale.
What’s happening with your money? It’s in the numbers….
-1913 Federal Reserve is created. The dollar was worth $1.00
-1933 FDR’s executive order makes it illegal to hold gold coins, bullion, or certificates. The dollar is now worth $.75
-1944 Bretton Woods establishes the USD as the world’s reserve currency. The dollar is worth $.50
-1971 Nixon closes the “gold window,” ends the Bretton Woods agreement, & begins the modern-day fiat currency system. The dollar is now worth $.25.
The dollar has lost around 96% of its value since the Federal Reserve was created in 1913.
Example: Let’s say your family had a trust in 1913 with $1,000,000 in it and lost the same value n purchasing power as the chart above. You are the lucky person to get the money out today. How much would you be getting?
Answer: Between $40,000 and $50,000 Why? Increased money supply.
Price increases from 2000-2018 (Source of Labor Statistics).
- The food at home went up 43%,
- car insurance up 97%,
- College tuition up 151%
- Medical care up 97%,
Let me show you the case for sound money ( just a fancy name for Gold and Silver)
In 1965 if you had $2500 in cash or 2500 ounces of silver you would be able to buy a brand new Ford Mustang. Fast forward to today that $2500 in cash might buy you the tires and front seats. But that 2500 ounces of silver today would almost buy you two Ford Mustangs. Unbelievable.
After seeing those stats does your financial future seem more challenging? But why aren’t your financial professionals telling you? Because they make little to nothing in commissions. Besides, they want you to think it’s not important to know the secret of sound money!
I just wanted to give you a little taste of why I believe you should own sound money. I will be doing a weekly post on this subject. I collect gold and silver for my future and the future of my children. I am building a legacy. Do you have a plan in place to leave a legacy for your family?
I hope you enjoyed my post. Please be kind and leave a comment below. I would love to have your feedback on the subject of sound money!