American dollar has lost more than 100% with it's worth since Barack obama took office within '09.

YES,You read this correctly. In under 3 brief years the actual value regarding the actual dollar went straight down by more than 100% with regards to the cost of Gold bullion.

This really is evidenced through the quantity of U.S. bucks it currently will take to get an oz of Gold bullion. Upon January 20, '09 whenever Obama assumed the particular business office of American president, a person could purchase an oz of gold bullion just for $854.42.

These days, should you tried to buy that exact same oz of Gold bullion with U.S. money it will set you back an astonishing $1742.60. You could think to yourself, how's it in which the cost of gold seems to have leaped more than 100% in a couple of years time? The actual brief response to this real question is that the actual price surge is actually proportional towards the inflation regarding the actual money supply.

I'm reading: American dollar has lost more than 100% with it's worth since Barack obama took office within '09.