Actually, today's "hundred" is the new ONE DOLLAR BILL. It's worth LESS than that, actually. Check the prices of things in the early 1900s to see what I mean.
Gold is now ~$2400 an ounce. It takes 120 of today's twenty dollar bills to buy that same $20 coin.
KITCO spot gold price
SPOT MARKET IS OPEN
Will CLOSE in 16 hrs.
Jul 24, 2024 1:00 AM NY Time
Bid/Ask
2,417.70
2,418.70
Low/High
2,404.60
2,419.20
Until 1933, a one-ounce US $20 bill WAS THE SAME AS a US $20 GOLD COIN by law. Anyone could go into a bank (or a hardware store, for that matter, if they had enough cash on hand) and exchange one for the other.
...do you have change for a fifty trillion note?
...howls...
The businesses here in boondocks won't even give me changes for $100. You kidding me?
...a hundo is the new $20.00...
Actually, today's "hundred" is the new ONE DOLLAR BILL. It's worth LESS than that, actually. Check the prices of things in the early 1900s to see what I mean.
Gold is now ~$2400 an ounce. It takes 120 of today's twenty dollar bills to buy that same $20 coin.
KITCO spot gold price SPOT MARKET IS OPEN Will CLOSE in 16 hrs. Jul 24, 2024 1:00 AM NY Time Bid/Ask
2,417.70 2,418.70 Low/High
2,404.60 2,419.20
Until 1933, a one-ounce US $20 bill WAS THE SAME AS a US $20 GOLD COIN by law. Anyone could go into a bank (or a hardware store, for that matter, if they had enough cash on hand) and exchange one for the other.
I need a time machine to go load up on some beautiful gold. If it's not too much to ask.