Hold Gold, 40% decline in USD 2012??

262 views · Published 16 May 2012 · 17:05 · Indexed 31 October 2026

Channel: syyenergy7 · 2012 · Education

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There are rumors that the US Dollar will devalue by 40% in 2012.  Likely there is some truth to this but it is also an exaggeration.  The 40% figure is being taken from references to the devaluation of the USD in 1933 when FDR bought back gold at $20 and revalued it at $35.

Reference:
http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm

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