The Market Always Wins
“The power to tax involves the power to destroy . . . “ -Former Chief Justice John Marshall, in McCulloch v. Maryland, 17 U.S. 4 Wheat. 316 316 (1819)
Thinking of investing in gold, silver or perhaps another precious metal in 2021? Perhaps, the fact that your money is worth more than eight times less than it was in 1966, may cement your decision.
US coinage still is bereft of precious metal. And, still, the only thing backing it is “This note is legal tender for all debts, public and private.”
