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3 days agoHey mods! We got one! Ban him!
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Cake day: January 27th, 2025
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The Gold standard couldn’t be sustained. Basically, the U.S. was no longer just exporting shittons of product and making a killing, it was now also importing a lot. The shift of that balance meant that keeping the ratio of 35 dollars per troy ounce of gold was nigh impossible.