Why to Buy Precious Metals

Property values didn’t go up by 840.67%, the dollar lost that much purchasing power 95 years

in 1929 the price of a troy ounce of gold was $20. There are 32.15 ozt per 1kg bar, so that equals $6,430 for 10kg of gold.

Today on April 8th 2024 at 9:33PM EDT an ounce of gold is $2,344.90 per troy ounce. That equals $753,885.35 for 10kg of gold.

The average home price in the USA in 1929 was $4,902. So 10kg of gold would have gotten you nice size home. The average home price in the USA today is $412,095.

So 10kg of gold would get you a nice size home today as well. Its not that gold has gone up in value, its that the dollar has lost 99.14% of its purchasing power since 1929 due to the printing and expansion of the currency supply.

Property values didn’t go up by 840.67%, the dollar lost that much purchasing power 95 years.