Gold: A picture says a thousand words

[Wales-Bales]

Umm, that will still apply to gold. So money buys 20% less now than in 2008. But that still applies to gold. So down 8%, plus that value is worth 20% less.

So £1000 now buys £800 worth of goods, but £1000 of gold only buys £736 of goods.


:homer:

So if I had £20,000, and I bought £10,000 worth of gold and kept £10,000 in cash, fast forward to today and I would be able to buy more stuff with the cash?