Comment on Is gold investing a scam?

<- View Parent
eightpix@lemmy.world ⁨1⁩ ⁨day⁩ ago

macrotrends.net/…/historical-gold-prices-100-year…

In August 1976, gold was $35/oz, close to its historical level. By October 1979, it was $380/oz, over 10× increase — peaking (for the 20th c.) in January 1980 at $668/oz.

20× return in 3.5 years.

Gold doubled again in value by December 2010, and again by January 2025 — to $2800/oz.

The all-time high, 20 October 2025, $4377.58/oz.

125× return in under 40 years.

I’ve seen it said: it’s not that gold has gotten more expensive. Its that the USD is debased as a currency against the dollar. The gold standard for USD ended in August 1971.

source
Sort:hotnewtop