Post your definition of “very stable”
******************************************
The same things that you could buy with an ounce of gold back then, you can still buy with an ounce of gold today.
Although, I think you would have to start that comparison from the gold price in 1975, because that’s when it was traded on the free market.
It might not be exact, but it’s pretty darn close or better for gold.
I looked up the average price car in 1975, it was 4950.00. Gold was 160, so it took almost 31 oz of gold.
The average price car today is 47,000, so it would only take about 25 oz.
You can do it with everything, houses, clothes, food, ect. Gold is stable and better to hold than dollars.
That’s inflation in a nut shell, and shows how worthless our dollar has become in the last 50 years, since we were taken off the gold standard.
I could buy the same thing for $280 in 2001 as I could for $800 in 1980? $1100 in 2015 buys as much as $1700 in 2011?