Regarding gold's stability over millennia, here is ChatGPT's response:
Discussion
For whatever reason, some people don’t believe that gold has been a stable store of value over time.
Although I’m no goldbug, the stable purchasing power of this precious metal across millennia is to be commended.
👇🏼
Is gold holding its value if it purchases the same amount of bread as it did in ancient times but the real cost of production of bread today is much cheaper due to technological advances?
Ok.
Let's just use our own brains to think about this instead of relying on chatgpt to think for us.
1 incorrect information
2 incorrect information
3 incorrect information
4oh wow that statement is actually true.
So chatgpt got 1 out of the 4 statements it made correct.
While the other 3 statements are nonsense.
One ounce of gold = $5k Australian
One sheep = $500 Australian
I can't imagine being stupid enough to pay $5k on a suit.
And I can assure you, $5k worth of bread is way more than a few months.
Like just stop relying on chatgpt to think for you.
Ask yourself, come on its a very math puzzle.
Ask yourself.
"If bread costs $2 a loaf and gold is worth $5k an ounce how many loafs of bread can I get for an ounce of gold" (the answer is 2500 loafs of bread)
let me assure you that 2500 weeks, or 1250 weeks if you personally eat two loafs of bread every week, or even 625 weeks of bread if you eat 4 each week or whatever number.
Let me assure you it's more than a few months worth of bread.
There's only 52 weeks in a year right.
Nobody is eating the much bread nobody is paying that much for sheep, nobody who isn't retarded is spending that much money on a suit. Etc.