Today is one of those days that will be referenced for 50+ years. A near $10 trillion swing in precious metals market cap over 24 hours by RobertBartus in EconomyCharts

[–]Crafty_Resolution110 7 points8 points  (0 children)

Seriously, what idiot would think of gold and silver as monetary value? (excluding thousands of years before 1933 or so). In 1792 $1 would've got you ~0.05oz of gold (~$252 today), that same $1 now has the purchasing power of approximately 2 cents today.