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Gold for house (lemmy.ca)

submitted 6 months ago by [email protected] to c/[email protected]

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wood for sheep?

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[–] IdiosyncraticIdiot 25 points 6 months ago* (last edited 6 months ago) (1 children)

10 kg gold Dec. 2023 = ~$727,591 = $2062.92 * 10 * 35.27 oz/kilo

10 kg gold June 1920 = ~$105,810 = ~$300 * 10 * 35.27 oz/kilo

seems much higher than the respective housing cost for an average home in both cases

[–] [email protected] 2 points 6 months ago

$300/oz in 1920?