The Old Pawnbroker's Blog

News for Pawnbrokers and Precious Metals Dealers

VENEZUELA’S CURRENCY VALUE DEPENDS LARGELY ON 1 GUY IN ALABAMA

Let me see…if one Dollar will buy 4,000 Bolivars and if gold is $1200 per ounce then for one ounce of gold you can buy $4,800,000 Bolivars. Socialism is great, lets all move to Venezuela, bring one ounce of gold and we could all be multi-millionaires. Let me see… how many ounces do I need to be a billionaire?

http://www.pri.org/stories/2016-12-01/venezuelas-currency-value-depends-largely-one-guy-alabama-home-depot

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