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Former White House and Treasury advisor Jim Rickards says the dollar has lost about 95% of its purchasing power since 1925

Former White House and Treasury advisor Jim Rickards argues the dollar has lost about 95% of its purchasing power since 1925. The article says the U.S. Dollar Index fell about 9.4% in 2025, coinciding with investor interest in gold and silver. It adds that gold rose above $5,000 per ounce in January 2026 and silver moved above $100 per ounce for the first time in history.
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