WPM - The Gold Standard Ended 50 Years Ago. Federal Debt Has Only Exploded Since

January, 25 2021 03:46 PM Wheaton Precious Metals Corp

This year marks the 50th anniversary of the end of the gold standard in the U.S.
Over the past 50 years, gold has expanded more than 46 times, with a compound annual growth rate (CAGR) of about 8%.
With the dollar not backed by a hard asset, the federal debt is closing in on $28 trillion, more than 130% of the U.S. economy.
In 2020, the federal government spent a total of $6.55 trillion, despite it collecting "only" $3.42 trillion - about half of that - in tax revenue.
As Ray Dalio, billionaire founder of Bridgewater, the world's biggest hedge fund, has said a number of times, "cash is trash".

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Company Name:	Wheaton Precious Metals Corp
Stock Symbol:	WPM
Market:	NYSE
Website:	wheatonpm.com