RE: What needs to happen for the Lloyds share price to reach £121 Jul 2025 09:50
To illustrate how fiat currencies are debased a pound purchased a gold sovereign in 1912. A gold sovereign now costs £620. Due to government ineptitude over 113 years the pound has been debased 62000%. Mostly this is due to ww1, ww2, COVID lunacy and socialist policies imposed after ww2 ballooning the money supply. When ppl are shouting war they shouldn't bemoan inflation that follows.