In 1929 the price of a troy ounce of gold was $20. There are 32.15 ozt per 1kg bar, so that equals $6,430 for 10kg of gold.
Today an ounce of gold is $2,344.90 per troy ounce. That equals $753,885.35 for 10kg of gold.
The average home price in the USA in 1929 was $4,902. So 10kg of gold would have gotten you nice size home.
The average home price in the USA today is $412,095. So 10kg of gold would get you a nice size home today as well.
Its not that gold has gone up in value, its that the dollar has lost 99.14% of its purchasing power since 1929 due to the printing and expansion of the currency supply.
Property values didn't go up by 840.67%, the dollar lost that much purchasing power 95 years.
I like to picture the person sitting at a table feverishly cutting out letters to form words, magazines strewn about a living room that's in disarray with bits of paper, and bottles of elmer's! The face is sweaty and red and panting, counting all the times from 2007, 2008 maybe even going all the way back to 2006- of how many times internet strangers said the internet fake name of the coolest person to ever grace the boards. A wall full of photographs with little red string going from pin to pin to pin in each City. I bet those collages would be fucking awesome.
I like to picture the person sitting at a table feverishly cutting out letters to form words, magazines strewn about a living room that's in disarray with bits of paper, and bottles of elmer's! The face is sweaty and red and panting, counting all the times from 2007, 2008 maybe even going all the way back to 2006- of how many times internet strangers said the internet fake name of the coolest person to ever grace the boards. A wall full of photographs with little red string going from pin to pin to pin in each City. I bet those collages would be fucking awesome.
Donβt forget sucking the finger with the paper cut
I like to picture the person sitting at a table feverishly cutting out letters to form words, magazines strewn about a living room that's in disarray with bits of paper, and bottles of elmer's! The face is sweaty and red and panting, counting all the times from 2007, 2008 maybe even going all the way back to 2006- of how many times internet strangers said the internet fake name of the coolest person to ever grace the boards. A wall full of photographs with little red string going from pin to pin to pin in each City. I bet those collages would be fucking awesome.
In the 70's in high school we were allowed to use calculators on exams because if you didn't know how to correctly enter the equation to start with you were screwed.
I like to picture the person sitting at a table feverishly cutting out letters to form words, magazines strewn about a living room that's in disarray with bits of paper, and bottles of elmer's! The face is sweaty and red and panting, counting all the times from 2007, 2008 maybe even going all the way back to 2006- of how many times internet strangers said the internet fake name of the coolest person to ever grace the boards. A wall full of photographs with little red string going from pin to pin to pin in each City. I bet those collages would be fucking awesome.
That's awesome. That seems like Tuesday.
I'm glad Tuesday's Gone, Gone with the Wind, My Baby's Gone with the Wiiiiiindddd.
I like to picture the person sitting at a table feverishly cutting out letters to form words, magazines strewn about a living room that's in disarray with bits of paper, and bottles of elmer's! The face is sweaty and red and panting, counting all the times from 2007, 2008 maybe even going all the way back to 2006- of how many times internet strangers said the internet fake name of the coolest person to ever grace the boards. A wall full of photographs with little red string going from pin to pin to pin in each City. I bet those collages would be fucking awesome.
Donβt forget sucking the finger with the paper cut
Lmao...absolutely and blaming it on internet folks