Look at This Graph of Gold vs. the Swiss Franc
by David Schectman
Miles Franklin
LOOK AT THIS SIMPLE GRAPH. It shows you the performance, since 1972, of the Swiss Franc (the best currency in the world), and gold.
The graph starts at the lower left at zero. Today, the number is approximately 13. THAT MEANS GOLD, OVER THE LAST 40 YEARS HAS INCREASED 1300%! That’s almost four doubles. That requires one double every 10 years. That requires a compounded average of 7.2% per year, for 40 years. And that includes a 20-year period of no growth.
NOW LOOK AT THE SECOND GRAPH. It is the increase of the money supply by the Federal Reserve. That is inflation. They are destroying the dollar right before your eyes and you don’t recognize it.
Continue Reading at MilesFranklin.com…
2013-02-11 11:17:36
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