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Replying to Avatar Micael

Absolutely. But the paper currency known as Federal Reserve note started in 1913. And it turned completely fiat at $35 an ounce. So I taking that as the start of life of the currency and 1971 as the end of the “convertibilit”. So 55 years to lose 99% against gold since it became just a worthless paper..

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Micael 4mo ago

That happened after the Great Depression in 1934

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