Gold and Silver real price through the years

[JohnA1]

I've just come across this interesting link that I think is worth sharing:

http://www.goldchartsrus.com/chartstemp/FreeGoldSilverSSCPI.php

Yeah it's in dallars but we can mentally adjust for the ailing pound, especially since the end of WWII.

Charts are logarithmic as well 😄

It shows Gold and Silver prices since 1700 using either US 'official' stats or Shadow-stats (just click at the top either  US Government CPI-U Statistics or Shadow Government Statistics - SGS-Alt CPI )

Anyone familiar with inflation adjustments will be aware of how understated they are from 1980 onwards. Shadow stats fix this.

It's interesting how cheap silver is in historical terms

Yeah, mining methods have evolved, gold standard is non-existent, new tech is increasing demand, but still it is food for thought IMO

Edited March 18, 2023 by JohnA1
fix typos

[Spyder]

If you use these two links you will find that gold has always been a way to safe guard against inflation. Using the average cost for a property in London in 1970, it would have cost about 328 oz to buy.  £4848 / £14.78 oz . Go forward 50 years 328 x £1630 =£534640. Gold has always been money and always will be.

https://www.mylondon.news/news/property/london-house-prices-exactly-how-19031218

https://www.gold.co.uk/gold-price/gold-price-history/

[JohnA1]

Yep, same as barel of oil priced in gold grams - almost flat through the decades

The link I posted is slightly different, showing how underpriced PMs have been in the past few years

[westminstrel]

@JohnA1 - I’m frazzled that you got suggested to me on Twitter today! 🤯

[JohnA1]

I'm not on Twitter - never have been

[JohnA1]

At minute #10:00 he shows a graph of UK house prices (avg) through the years priced in gold oz.

Useful..

 

 

Edited April 14, 2023 by JohnA1