Usd vs gold
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Since 1913 gold gained about 4% in USD terms each year.
Since 1913 the USD lost about 3.2% of it's purchasing power each year.![FB_IMG_14987869067709379.jpg]
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Since 1913 gold gained about 4% in USD terms each year.
Since 1913 the USD lost about 3.2% of it's purchasing power each year.![FB_IMG_14987869067709379.jpg]
That's a truly astounding infographic! I bought a used car a few years ago with 2 ounces of gold that I bought at $600 an ounce in the early 2000's and had appreciated to $1100 an ounce. At the time I didn't see how the gold could go much higher. Of course it went way up. But hey I was happy with the capital gain on those 2 ounces of gold. :)