Charles-Henry Monchau is the Chief Investment Officer at Syz Group. He recently posted that the average price of gold in 1920 was $20.68 per ounce. Today, it’s worth roughly $2,100 per ounce. That’s a 100x increase.
Meanwhile, in 1920, the average house price in the U.S. was between $5,000 and $6,000. In 2023, it was $492,000. That’s in increase of roughly 80x – 100x.
No comments:
Post a Comment