Kilos not ounces 😂
All fiat currencies are simply promises from politicians, scrawled on a piece of paper and signed by yet another politician. In the long run, all politicians are liars. History has shown that every fiat standard eventually fails, with an average lifespan of just 27 years. Unbacked "Ben Franklins" of fiat are merely a 50-year experiment from Nixon’s 1971 coup.
Don’t believe me? A century ago, 10 ounces of gold could buy you a house, and today, that same amount still does. This ratio has held steady over many decades, with a tolerance band of +/- 20%. Ever wondered why? It’s not that gold is gaining value; it’s that your unbacked dollars are evaporating like an ice cube in the Sahara. Explore history. Protect your purchasing power in commodity-based currency that government cannot print.
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Discussion
Lol… ya I was wondering which house costs $30k these days 😂
But also 10 kilos is exaggerated a bit 😅
Sure Efrat, however $6k did buy you a nice house in 1925. $1M today in a metro area not so much… sry the initial 10 oz suggestion was not correct. 10 kilo it is
30k?.. 1oz og gold in 1925 was $20. 1 kilo of gold is 32oz. (Round about) 32 times 20 times 10 round about $6k