Community post
Usd vs gold
(https://steemitimages.com/DQmbwnvsyqpNVxZa8UBBbe3pdSm4xBJpeXJL75U4oYxbege/FB_IMG_14987869067709379.jpg)
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]
Replies (1)
That's a truly astounding infographic! I bought a used car a few years ago with 2 ounces of gold that I bought at 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. :)