/biz/ - Business & Finance

>>10206387
It flactuates like any other asset, but it stays + / - nearly at the same purchasing value.
Last 50-70years was due the release of the gold standard and the ongoing infinite printing of worthless fiat money on top of inflating everything with QE.

Btw, i don't really care...gold is a hedge and will always be a hedge and shouldn't be compared with other Investments at all.

>>9735095
Since you like googling, i will copy paste it and don't even bother wasting my time with idiots like you. Cherry pick a time line you want and you can basically destroy anything. Guess when the volatile shit started?

Clearly the red line has remained roughly flat, around 100, for hundreds of years! This shows gold’s remarkable constant nature. Note, since the gold standard has been gradually dismantled (1914) gold’s purchasing power became more volatile but remained robust in the long term.

Furthermore, we can see that prior to 1914 wholesale prices were also fairly constant but this is due to the fact sterling was tied to gold during this era. Since the gold standard was abandoned step-by-step from 1914 onwards, the blue and the green line have skyrocketed, evaporating the purchasing power of sterling. Since 1971 the British pound has lost over 93 % of its purchasing power – in 1975 inflation topped 20 %.

We can conclude, while there is no exact constant in economics, the stability of gold’s purchasing power is unprecedented. Not only on a gold standard the metal shows it’s constant nature, but also off the gold standard gold’s purchasing power is remarkably constant, albeit more volatile in the short term.

>>8745083
>>8745083
>gold
3x overpriced now

GOLD IS 3X OVERVALUET NOW

>>5267277
Gold 3x overpriced now

>>5161595
>gold
3x overpriced now

GOLD IS 3X OVERPRICED NOW

>>3330315
Gold 3x overpriced now

>>3304445
Gold 3x overpriced now

Gold 3x overpriced now.