![]() ![]() Some will argue that this hasn’t caused inflation but a good test of this is to compare wages and commodity prices from today to those of decades past. In 2020 alone the money supply has been inflated by more than $3 trillion. The Federal Reserve, by order of the US Congress will continue to print money (inflate the money supply) more each year. One thing is for certain in regards to the financial state of the United States. ![]() There remains no better hedge against inflation than to invest in gold. This statement is not only in regards to the short term rise when this article was written, but also historically. Because of this, the gold liberty coins are a direct link back to some of our most important national history. In 1792 George Washington signed the Mint Coinage Act of 1792, authorizing the US Mint to produce ten new coin denominations.Īlthough these coins were produced with various designs, and also in gold, silver, and copper, many of the obverse designs prominently featured liberty. This idea came to fruition after decades, when the US Mint was established. Historical Importance of Gold Liberty CoinsĪrticle 1, Section 8 of none other than the Constitution gives the congress the authority to coin money.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |