finance

Gold Prices Rise 11,119 Percent Since 1971 as Major Currencies Lose Value

Data show the U.S. dollar has lost 99.24 percent of its value relative to gold since 1971. The British pound, euro, yen and Swiss franc recorded similar declines over the same period.

May 31, 4:04 PM(48 days ago)·1m read1 source

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U.S. dollars have increased 11,119 percent since 1971, according to figures posted by @KobeissiLetter. S. 24 percent against gold, the second-largest drop among major currencies. 57 percent. 08 percent. 07 percent.

Since 1971 The data cover the period after the United States ended dollar convertibility into gold in 1971. Each percentage reflects the change in the amount of gold one unit of each currency could purchase.

@KobeissiLetter stated that investors should own assets or be left behind. The post did not provide forecasts or recommendations beyond the historical comparison.

currencies gold markets