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Jan Skoyles: Gold hedges dollar devaluation and price inflation
12:47p ET Friday, August 18, 2017
Dear Friend of GATA and Gold:
While recent gold investors may be disappointed, GoldCore's Jan Skoyles notes today that since the United States abandoned the gold standard in 1971 the monetary metal has protected its owners very well against the steady devaluation of the U.S. dollar and inflation in basic goods. Skoyles' analysis is headlined "Must-See Charts -- Gold Hedges US Dollar Devaluation, Rise in Oil, Food, and Cost of Living Since Nixon Ended Gold Standard" and it's posted at GoldCore here:
http://www.goldcore.com/us/gold-blog/must-see-charts-gold-hedges-usd-dev...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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