Quote:
Originally Posted by notinmybackyard
Gold never changes.
One ounce of gold can be traded for same quantity and quality of consumer goods today that it was traded for 500 years ago.
What changes is the purchasing power of the dollar/currency.
This the reason why in economically unstable times people buy metals and governments try everything possible to prevent it.
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Thats cool interpretation.
However I am 99,9999999% sure once once of gold bought you different amount of goods 500 years ago and today. Be it potatoes or lumber or whatever.