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.
Fuck, even the gold isn't safe.
Gold isn't terribly useful as a metal. Sure it's valuable but mostly because people see it as valuable and perceptions can change.
Everyone needs a place to live and on top of that land can be used for making money even if land itself isn't as lucrative.
I’m pretty sure you are wrong about that. Gold is one of the best conductors, it is extremely malleable, used in dentistry and medicine, electronics, it even protects against radiation.
Gold is extremely useful, just an fyi you are incorrect
Gold is a worse conductor than copper, a much more common metal. There are many metals that are more malleable. Dentistry has moved away from gold and is typically only used for aesthetics. In electronics gold is mostly used to resist corrosion and it's typically electroplated to do so, because of this the amount of gold use is incredibly small. Finally, almost every metal protects against radiation, hell even skin does that to most radiation and where that differs is in ionizing radiation where most of the time lead is easier to use than gold.
You are incorrect, but I don’t really care that much