Quote Originally Posted by Organ Morgan. View Post
The pound bought almost five US dollars in 1916. Today the same pound is worth 1.22 US dollars. In 1985 the pound/dollar exchange rate nearly reached parity. About 10 years ago the pound had doubled from that to 2.12. The long-term trend, though, is unmistakable. Same goes for every currency, including the US dollar, in the above time frame versus gold. That's why bankers hate gold and suppress its price. It provides a stable store of wealth which they cannot produce more of by running a printing press or electronically on a computer monitor.
Wow, going to Walt Disney World must've been as cheap as chips