Forum Topics Gold as a wealth preservation (anti-inflation) tool
tomsmithidg
Added a month ago

I saw a post a little while ago that claimed that gold preserved wealth as it would take the same quantity of gold to buy a house now as it did in the past. I've been mulling on this a lot lately so decided to ask Perplexity. I chose the median house price in Brisbane (where I live) and 1977 (the year I was born) as the starting point and last year in Brisbane as the end point. Below is a summary of the result:

c8f656393462cbb3d96b0ba411a7ab1952217b.png

2f376e57c26eda804c7abcd91106d29b5013ef.png

So while not exactly a match, you would need over 32 times as much money to buy a median priced house in 2024 than in 1977 but only 1.3 times as much gold.

Crazy.



17