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If you had an ounce of gold back in 1934, it was worth $35. [1] Nowadays, your gold would be worth $ 1,870.73. [2] The only thing stable with that is the dol
by Fjolsvith 6y ago
If you had an ounce of gold back in 1934, it was worth $35. [1] Nowadays, your gold would be worth $ 1,870.73. [2]
The only thing stable with that is the dollar's decline in value, despite being backed by the US Government.
1. https://nma.org/wp-content/uploads/2016/09/historic_gold_prices_1833_pres.pdf https://nma.org/wp-content/uploads/2016/09/historic_gold_pri...
2. https://www.jmbullion.com/charts/gold-price/ https://www.jmbullion.com/charts/gold-price/