World Paper Money For Replaced By Electronic-Digital Currency
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At suggestions of gold’s last bull market in 1980, the nominal high price was $850. To achieve that same level on an inflation-adjusted basis today – using the CPI as calculated by the government – the price would rise to around $2,000 and $3,000. And what if the U.S. opted to return a new gold standard to back its paper dollars? Gold would need be priced at more than $6,000 per ounce.
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