31–40 of 87 posts
The US real estate to gold ration has always facinated me: https://www.longtermtrends.net/real-estate-gold-ratio/ If you bought a house with gold in 1890 or 2023, the price would be... about the same.
But the gold can only recently be held in an ETC and would cost money to securely store for most of that time. The house could be rented and yield an income.
If you adjust for inflation, there have been 3 periods in the last 50 years with higher gold values. https://www.macrotrends.net/1333/historical-gold-prices-100-...
the gold price serves as an independent yardstick for the level of real inflation. it defeats the purpose to 'adjust for inflation'. 'adjusting for inflation, prices have been remarkably stable for the past century'
I'm not normally doing much business in gold, the value of gold compared to the dollar is nearly meaningless to me. I do often buy things like food and energy. To me the value of the dollar compared to a gallon of gas or a plate of food or a kWh of electricity is the "real" inflation.
The value of gold isn't "real" to me or most consumers.
If you adjust for inflation, there have been 3 periods in the last 50 years with higher gold values. https://www.macrotrends.net/1333/historical-gold-prices-100-...
Looks like Great Depression, 1979/1980, and right after the Great Recession. What is the significance of 79/80?
Earlier quoted context omitted.
I forget where I heard it. Supposedly the amount of silver needed to buy a goat during Roman times is similar to today. Cold metal seems to act as cold storage of value across history.
>Supposedly the amount of silver needed to buy a goat during Roman times is similar to today. Probably not during famines.
Earlier quoted context omitted.
I forget where I heard it. Supposedly the amount of silver needed to buy a goat during Roman times is similar to today. Cold metal seems to act as cold storage of value across history.
That would be fascinating, if true. It requires balancing so many things. We keep mining, so supply is increasing, but so is population and thus demand. We keep making more efficient ways to mine silver which should make it cost more silver, but we are also getting more efficient at herding goats making it cheaper. It's crazy that many factors could be/stay in balance. It makes me wonder whether those factors are act…
The US real estate to gold ration has always facinated me: https://www.longtermtrends.net/real-estate-gold-ratio/ If you bought a house with gold in 1890 or 2023, the price would be... about the same.
I forget where I heard it. Supposedly the amount of silver needed to buy a goat during Roman times is similar to today. Cold metal seems to act as cold storage of value across history.
If you adjust for inflation, there have been 3 periods in the last 50 years with higher gold values. https://www.macrotrends.net/1333/historical-gold-prices-100-...
the gold price serves as an independent yardstick for the level of real inflation. it defeats the purpose to 'adjust for inflation'. 'adjusting for inflation, prices have been remarkably stable for the past century'
normally, when we talk about inflation. real value is the yardstick. ie. something more akin to the big Mac index.
Earlier quoted context omitted.
Looks like Great Depression, 1979/1980, and right after the Great Recession. What is the significance of 79/80?
It was the most severe recession since the Great depression lol good times /s https://en.m.wikipedia.org/wiki/Early_1980s_recession Good time to buy defense contractor stock because one way to get out of serious depressions/recession is a war. And the presidential election is next year...
Does this as an index track global anxiety?