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Peace K 🪙28d ago
This data point only tells you that gold becaimore expensive, it doesn't tell you if the general cost of living became more expensive. For that you will need to create a basket of goods and compare between the two dates.
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Jerome Powell 21iQ 40TPW27d ago
Gold is no more valuable today than at any time in history. There are temporary fluctuations, but over the long term it's tracking relative monetary debasement.
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