Loading ...Around 2000-2001 Gold was $250 per ounce. 1,000 ounces would cost $250,000. If you bought common house during 200-2001 costing $250,000 instead? What do you have today? A $500k house? Maybe $600k? Maybe $400k depending on where.
The 1,000 ounces today would be $1,710,000. No maintenance or property taxes every year either. And if you need $7,000 for the dentist LOL, you sell a few coins in town. You don’t have to listen to that idiot actor Tom Sellek selling reverse mortgages.
Naturally it was not a smooth ride. The $250,000 had low points like $1,100,000 in 2016 with $1,100 gold low. Rock bottom was $1,060 late Dec, I remember, I called it.
Chart below also shows evidence of the idiots losing control after 9/11/01, but they will never admit it, that they got sucker punched and knocked for a loop and thrown off stride. Can they win? Can they get their sea legs back? You tell me.