THE SCENARIO
If you've been [literally anywhere], you've no doubt run across people claiming that gold is the best investment, that the US Dollar (or most other currencies you could name) is a 'fiat currency', and that ever since the US fully went off the Gold Standard in 1971*, our money's been worthless because it's not backed by a metal you have to dig out of the ground... but that metal has
real, intrinsic, inherent value.**
But let's say that you had the foresight to buy an ounce of gold long ago, and you wanted to sell it today. How good would your return be?
A quick Internet search
reveals that on March 13th 1975, gold was selling for $178.00 per ounce. I was just about to be born at the time, so let's say that my parents bought me an ounce of gold to make me rich wh...
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