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Silver, Gold, the Argentina Peso & Exponentially Increasing Prices
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
goldsilverworlds.com / Gary Christenson / February 9, 2016
The exchange rate between the Argentina Peso and the US dollar in January 1945 was 4.17 pesos to one dollar. Like the United States, Argentina created substantial price inflation – devaluation of their currency – in the 1950s – 1990s.
According to Wikipedia Argentina devalued their currency by a factor of 100 in 1970, by another 10,000 in 1983, by another 1,000 in 1985, and by another 10,000 in 1992.
From Alan Greenspan in 1966: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.”
In summary the 1945 peso was devalued by 10 trillion to one between 1945 and 2015. Imagine what that did to the poor and to the saving of anyone who left that savings or retirement in pesos!
The compounded average rate of increase in the number of pesos per dollar from 1945 to 2015 was about 55% per year, every year. The devaluation was worse than average between 1975 and 1995. Gold in 1945 pesos increased at a compounded average rate of 63% per year since 1945. (Store of value!)
The post Silver, Gold, the Argentina Peso & Exponentially Increasing Prices appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/11/silver-gold-the-argentina-peso-exponentially-increasing-prices/
