Want to know the actual value of one US dollar in real time? Just use the formula 1 / (gold's current spot price) to find a dollar's actual purchasing power!

Even though the Nixon administration removed the US dollar from the gold standard in 1971 this formula is still valid over 50 years later. All fiat currencies across the world are nothing more than government approved forms of payment such as paper money that's printed out of thin air or numbers typed into a computer. When you hear the word "fiat" insert the word "fake" or "man-made". Since all fiat currencies have no intrinsic value they are designed to decay in purchasing power over time...eventually going to zero.

Due to supply and demand issues this is why you pay more for the same items each year. This increase in daily expenses (inflation) is caused by an excessive amount of printed money circulating throughout the economy. Remember, wealth never disappears it just changes locations! Just don't think you can start printing your own money to help combat inflation, that's illegal and you'll end up in prison. Best to leave the money printing scam to the government because they know what's best for us. This is just the tip of the economic iceberg as things can get very complicated quickly but this is a good place to start. Below are some more money related videos!

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Appreciating vs Depreciating Asset Classes Simply Explained
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