Value of dollar is much less now

For 83 years, the currency of this once great country was gold, the one ounce 20 dollar gold coin. We also had the silver one dollar, almost one ounce of 90 percent silver.
 
In paper money, it now takes about 800 paper dollars to buy one old $20 gold coin. Divide 800 by 20 and you find that one gold dollar is worth 40 paper dollars. To find out what one paper dollar is worth, divide 100 by 40 which is 2-1/2, which means the paper dollar is now worth two and one half cents in hard money, gold.
 
Silver has not lost so much value. Silver is now 16 dollars an ounce - silver is worth six cents in hard money, one ounce silver.
 
Normal government controlled inflation from World War II, until recently, has been about 9 percent a year. The price of everything doubles about every 10 years because of wars, money given to foreign countries, expansion and creation of new government agencies. Last year, the cost of government increased 41 percent. The government did not print the usual 10 percent inflation. They, for the last four years, have pushed it up to over 25 percent a year.
 
Everything costs double what it did three years ago. Not because the value of your food and gas went up. It was because you are now spending dollars that are worth only half as much. If you do the math and compute the cost of gas in hard money, gold, four paper dollars is only 10 cents hard money, which is about where it was 60 years ago.


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JAMES W. CAMPBELL
Yuma