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Gold for House? (lemmy.ca)

submitted 1 year ago by n7gifmdn to c/politicalmemes

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It's all about the money supply. The devalued our money so workers think they were making more to avoid a communist revolution.

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[–] [email protected] 5 points 1 year ago (1 children)

How much was it worth in 1920? I'm struggling to find that info online...

[–] ILikeBoobies 15 points 1 year ago* (last edited 1 year ago) (1 children)

1kg = 32.1507 troy ounces

So ten kilo of gold in 1920 would be worth $6648.76 with the average home being around $6300

Of note and why the above comparison is meaningless

A two-tiered pricing system was created in 1968, and the market price for gold has been free to fluctuate

[–] [email protected] 1 points 11 months ago

Per inflation calculator that places average homes at about 20 of these in 2023.