The Golden Elephant in the Room
Silence from the presidential candidates as the American dollar drops to a new low in value of less than one 2,700th of an ounce of gold.

How amazing that the presidential campaign is less than two weeks away from the vote and neither one of the candidates has addressed the astounding collapse in value of the American dollar, which, this weekend, plunged to less than one 2,700th of an ounce of gold. It was only 53 years ago that, under the Bretton Woods agreement, dollars held by foreign governments were redeemable at a 35th of an ounce of gold. Since then the dollar has lost 99 percent of its value.
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