Political Memes

1137 readers

1 users here now

Non political memes: [email protected]

founded 2 years ago

MODERATORS

Gold for House? (lemmy.ca)

submitted 9 months ago by [email protected] to c/[email protected]

8 comments fedilink hide all child comments

It's all about the money supply. The devalued our money so workers think they were making more to avoid a communist revolution.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 0 points 9 months ago (1 children)

For anyone wondering, the current gold price is:

59.790,42 EUR/kg or 64.898,53 USD/kg

So this post is fact checked. You can buy a good house for 648.985,30 USD.

[–] [email protected] 0 points 9 months ago (1 children)

How much was it worth in 1920? I'm struggling to find that info online...

[–] [email protected] 0 points 9 months ago* (last edited 9 months ago)

1kg = 32.1507 troy ounces

So ten kilo of gold in 1920 would be worth $6648.76 with the average home being around $6300

Of note and why the above comparison is meaningless

A two-tiered pricing system was created in 1968, and the market price for gold has been free to fluctuate