The United States ended production of the penny on Wednesday. For more than 230 years, the penny has circulated through American piggy banks and cash registers. This gives a new meaning to the government leaving us penniless.
The Penny
1792 - 2025
A gold bar bought a house in 1975. A gold bar can still buy a house in 2025. Gold didn't grow. The dollar shrunk. 1975: $160/oz 2025: $3,319/oz That's not wealth creation. That's currency destruction.
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