Loading ...A new chevy today probably $50,000, that 50 times more dollars needed. The “official” gold price was $34/oz times 50 is $1,700. But the $34 gold price was from 1934, and by 1950 it was probably trading privately $50. So 50 times 50 is $2500 gold. With stability.
But if panic buying sets in like the real estate market it would get over priced. Its actually in the gov’t best interests to have gold at a crazy high price, assuming they really have any Gold for insurance in Fort Knox, and can pay down debt, and support gov’t programs.