Dollar isnt pegged to gold anymore so no, its not

Fuck gold invest in memes

this man isnt real

But any object that is real can run out of supply given the opportunity

Luci is peak rarted

luci is a cia op for sure

he cant be real

dollar was NEVER 'pegged' to gold... what kind of economics did they teach you?

gold and commodities are HEDGES

Freudian slip

they move inversly to the market under normal conditions

The dollar was based on US gold reserves until Nixon shifted it to the petrodollar

Dollar was once part of the "gold standard" were you could i theory turn your dollar into any bank teller and you could receive the same in gold

That was after hey ditched the gold standard tho

however, increase the money supply and this is the ONLY time these both appreciate invalue

That was gotten rid of way back in the early 20th century

You ever get pegged by a hedge? -hog

that means your money is loosing real value

1970s

this isn't 'the gold standard' lol

that is COMPLETELY different that what a 'hedge fund' is

Way before that dude

As an aside

It was a Nixon administration thing

There were laws against hold hoarding

Im not talking about hedge funds lmao

During the depression

the REASON gold is hedge is the SAME reason it was once a standard

It wasn't just suddenly Nixon's thing

it's finitie quanity

@Justice I have a feeling the connection isn't being made

When I'm depressed I sleep in the hedge. Makes me feel safe

the gold standard is a pipe dream

Well please then enlighten me....

🌇

Except that dollars were backed by gold until Nixon

but comodity markets are commodity markets

Pretty sure the policy got changed

A lot

Over the years