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<p>[QUOTE=&quot;fatima, post: 1226336, member: 22143&quot;]No, because this is jumping to a completely different topic.&nbsp; That would be gold as a store of wealth.&nbsp;&nbsp; Gold is the hedge against the current Federal Reserve Note because it is a store of wealth and this certainly isn&#039;t disputed by me.&nbsp;&nbsp; 100 years ago, when the $ was defined as a number of grams of PM, everything was essentially valued against gold.&nbsp; The $ was nothing but a convenient assay of a certain amount of gold (or silver).&nbsp;&nbsp; The concept is completely different now as everything is now valued in numbers of Federal Reserve $s.&nbsp;&nbsp; </p><p><br /></p><p>Therefore those facts, not disputed by me, are irrelevant to this topic.&nbsp; This topic<u> is about the value of gold to the current $</u>, the Federal Reserve Note.&nbsp; This is why comparisons prior to 1971 are irrelevant and don&#039;t provide any guidance to the value of gold relative to the currency simply because the Federal Reserve and fiat currency didn&#039;t exist at the time.&nbsp; </p><p><br /></p><p>It&#039;s important to understand the difference.[/QUOTE]</p><p><br /></p>

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