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In 1929 the price of a troy ounce of gold was $20. There are 32.15 ozt per 1kg bar, so that equals $6,430 for 10kg of gold.

Today an ounce of gold is $2,344.90 per troy ounce. That equals $753,885.35 for 10kg of gold.

The average home price in the USA in 1929 was $4,902. So 10kg of gold would have gotten you nice size home.

The average home price in the USA today is $412,095. So 10kg of gold would get you a nice size home today as well.

Its not that gold has gone up in value, its that the dollar has lost 99.14% of its purchasing power since 1929 due to the printing and expansion of the currency supply.

Property values didn't go up by 840.67%, the dollar lost that much purchasing power 95 years.

~Citizens for Sound Money 💰

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reblog and i’ll post my nude 😍

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Venom

@ tytianiaS

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by Jade Law

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(via 2ff40f852d36d8e4e6bd9f9e1b6e9947.jpg (564×705))

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Green Ferns & Fog

Photographed by Freddie Ardley - Instagram

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me, minding my black girl business:

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