Economic analysis for dummies HERE! If you Google it, you will find that a 1971 dollar is now worth $7.79, or 7.79 X’s as much now as then. If you multiply 7.79 X’s the current price of gold, you will find that is $21,000 per ounce. If you multiply it X’s the peak price of gold in 1979, you end up with $6,600. Both of those in this writer’s thinking are very realistic. If you divide the national debt of $35 trillion by 800,000,000 ounces of gold (our supposed Fort Knox holdings), you get $4375, and if you divide the ounces of gold into the off budget debt as well, then you get a price of around $17,000. The potential problem in all of this is supply and demand fueled by fear of missing out or FOMO. In the Weimar Republic at the beginning of NAZI Germany from 1919 to 1923, the price of one ounce of gold went from 170 Marks to 87 trillion. No matter how you look at it, unless we have a world war, the price of gold is poised to go through the roof.

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