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.
👇🏼
Discussion
If I recall correctly, the rough % of gold mined over time is pretty close to being in line with general population growth. Would keep the “dilution” about the same.
Does this sound right or am I off my rocker?
One of the most interestiong presentations on a return to the Gold Standard I've seen. Grant Williams in 2018.
Well before Bitcoin was ready...
The US general price level was roughly the same from the adoption of the US Constitution until 1913, under an effective gold standard. #WhatHappenedIn1913
Sometimes we mistake a new technology with a new idea.
Correct, and nearly all of us "psychos" would be militant goldbugs if not for orange coin.
Gold worked pretty well to keep prices stable from 1800 to the early part of the 20th century, then everything changed.
#WhatHappenedIn1913?
#WhatHappenedIn1971?
2 sheep for an oz of gold($3300)
$1650 per sheep… in our area they are about $200-500 that’s some expensive sheep 😁
I believe, The gold to property ratio, is so far out of alignment.
Relying on chatgpt instead of thinking for yourself does not give credit to your argument.
If anything the reason people don't believe what you're saying or don't trust you is because you're using chatgpt instead of thinking for yourself.
Even if chatgpt is correct (statistically speaking it's more likely to be incorrect)
The fact you are using it as a source is going to make people think you are stupid.
Serves as a good reminder what to use as denominator.