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If history is any kind of indicator, by 2013 we'll return to money defined in terms of something real. No currency in history has lasted longer than 42 years after its intrinsic backing has been abandoned, and it was 39 years ago that President Nixon severed the dollar's link to gold.
Over the ensuing decades the U.S. economy alone has suffered three dollar-driven oil "shocks," more than three recessions and a contraction of its capital base thanks to a unit of account that has collapsed in value.
Gold holdings peaked during World War II at 20,205 metric tons (649.6 million oz. troy). Today, holdings are 4,578 metric tons (147.2 million oz. troy )
Originally posted by ziggyproductions05
I think this says a lot....