Inflation Unmasked: Contrasting Official Inflation Rates with Real World Buying Power
In 1970, 52 ounces of gold could be purchased for $2,000, at $38 per ounce. Fast forward to 2021, and those same 52 ounces of gold are now worth $93,000, with the price per ounce at $1,800. On the surface, it may appear as though gold has experienced significant value appreciation over the past 51…
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