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I think you'll find the value of the pound has plummeted in the last century, during the decline of empire, decoupling from the gold standard, inflation of the
by mikhailfranco 8y ago
I think you'll find the value of the pound has plummeted in the last century, during the decline of empire, decoupling from the gold standard, inflation of the 70s, printing during QE and the BRexit vote.
Since 1900 the GBP price of gold has risen 250x, from 4.25 to over 1,000 today.
https://www.chards.co.uk/gold-price/price-of-gold https://www.chards.co.uk/gold-price/price-of-gold
- rodiger 8y agoCorrect me if I'm wrong, but that stat seems pretty meaningless if they aren't controlling for inflation