wood for sheep?
this post was submitted on 28 Jan 2024
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This isn’t actually true. In the US, housing has outpaced the value of gold.
In 2023, you would need 254.7 ounces of gold to buy a house, since $495,100 avg home / $1,943 price of gold = 254.7
In 1920, you would need 164.1 ounces of gold to buy a house, since $3,395 avg home / $20.67 price of gold = 164.1.
The bar in the picture says it's a kilo which is $65, 344. While I could agree with OP that 10 kilos would give you an average house in higher priced areas like new York or LA, it would definitely buy you several nice houses in 1920.
Now you could buy a house, then you could buy a neighbourhood.