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We all know what happened once the tie between the U.S. dollar and gold was eliminated: The U.S. government was free to print money as needed, as it no longer had to worry if it had enough gold in its vault to back all the money being printed. Since the abandonment of the gold standard, the value of the U.S. dollar has lost considerable ground...a process called "inflation." It takes a lot more U.S. pennies to buy a cup of coffee today than it did in 1971.

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