4 ms·

There was some story once that a quality handmade tailored suit costs about the same amount of gold centuries ago compared to today. Would love to see this fac

by j7ake 3y ago

There was some story once that a quality handmade tailored suit costs about the same amount of gold centuries ago compared to today. Would love to see this fact checked.

ajb 3y ago
Given the volatility of gold prices, you can just pick a date when that was true.
- j7ake 3y ago
  You could, but then that would be bad analysis. A more reasonable approach is a linear model.
  - ajb 3y ago
    True. If I had to, though, I'd bet that the article didn't do that.
    - j7ake 3y ago
      Here is house to gold ratio: trend is surprisingly cyclicle https://www.longtermtrends.net/real-estate-gold-ratio/ https://www.longtermtrends.net/real-estate-gold-ratio/