Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
The purchasing power of gold vs. inflation
>
Reply to Thread
Message:
<p>[QUOTE="halfcent1793, post: 8190842, member: 86853"]There's a lot to consider when comparing prices of houses, cars, etc. First of all, houses in 2022 are not like the houses in 1980. They have better insulation, more "smart" appliances, etc. A modern car is more like a computer than it is like a car from the '80s. Many of them don't use gasoline at all. Have you ever tried to change spark plugs or some other formerly simple job on a newer car?</p><p><br /></p><p>Gold, silver and other metals are nothing more than commodities today. They are not money, and they haven't been money in this country in the lifetimes of nearly everyone on this site. Gold is pretty, heavy, and it makes many of us happy to have some, but you can't spend it. If the whole world goes to hell, as it might, gold will still be a luxury that won't be valued nearly as much as shelter and food.</p><p><br /></p><p>So, comparing the price of gold today, or any time after it was demonetized, with what it was worth when it had a fixed exchange rate is really quite meaningless. </p><p><br /></p><p>Finally, is the graph posted by the OP in constant dollars? If not, it shows that gold is worth less than it was a decade ago.[/QUOTE]</p><p><br /></p>
[QUOTE="halfcent1793, post: 8190842, member: 86853"]There's a lot to consider when comparing prices of houses, cars, etc. First of all, houses in 2022 are not like the houses in 1980. They have better insulation, more "smart" appliances, etc. A modern car is more like a computer than it is like a car from the '80s. Many of them don't use gasoline at all. Have you ever tried to change spark plugs or some other formerly simple job on a newer car? Gold, silver and other metals are nothing more than commodities today. They are not money, and they haven't been money in this country in the lifetimes of nearly everyone on this site. Gold is pretty, heavy, and it makes many of us happy to have some, but you can't spend it. If the whole world goes to hell, as it might, gold will still be a luxury that won't be valued nearly as much as shelter and food. So, comparing the price of gold today, or any time after it was demonetized, with what it was worth when it had a fixed exchange rate is really quite meaningless. Finally, is the graph posted by the OP in constant dollars? If not, it shows that gold is worth less than it was a decade ago.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
The purchasing power of gold vs. inflation
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...