The real dollar ended in August 1971 along with Bretton Woods.
You could get an ounce of gold at $43 back then.
A millionaire could get 23,255 ounces of gold.
After we've allowed the dollar to inflate, it has become much easier to be a nominal millionaire.
Today, you need $45,000,000 to be a real millionaire.
Based and gold-pilled.
Fuck. I thought I made it
Extremely based and correctpilled
With hyperinflation, the average shoe shine boy will be a millionaire eventually.
>A millionaire could get 23,255 ounces of gold.
The dollar was powerful back then
there was also absurd buy pressure on gold due to the artificial relationship, enough that maintaining backing was impossible. which is why bretton woods was suspended
>you need $45,000,000 to be a real millionaire.
Phew, lucky I'm all in XMR
Gold isn't money, schlomo. Keep paying those premiums for gold. I'm sure you'll get to live out your romanticized walking dead fallout scenario, where you're basically a cuban dictator because you bought ten ounces of gold
Damn, I should have bought that Honus Wagner card in 1909 for a penny. Since it last sold for $3.12 million, I guess I'll need 100,000,000 Honus Wagner cards to be a true millionaire.
The goldpill is like the ultimate redpill. So even if you are making $100k per year and think you are well to do, the dollar has inflated so much that you are poorer than a low skill worker in 1971? If so, then our slavery truly has been perfected.
ZCash here, we're gonna make it when ZCash gets back to it's ath
kys
That's $312,000,000,000,000 to be a millionaire.
>The real dollar ended in August 1971 along with Bretton Woods.
>You could get an ounce of gold at $43 back then.
Gold didn't became legal for Americans to purchase until Jan 1, 1975. $175 an ounce.
Then it becomes 5700 ounces so you still need $11,000,000 to be a real millionaire.
All I see in the replies is cope. They don't see that measuring your value in an inflationary currency means that it becomes increasingly easier to reach the "1,000,000" mark on paper.
This
>dismissing my rock-worship and arbitrary standard of wealth is cope
gold has an interesting usecase but also a lot of problems, if you gold shills could accept that I would find you much less disingenuous
>All I see in the replies is cope
All I see is you deflecting from being unable to google if your posts are full of retarded statements. You couldn't even be bothered to check your own thesis but we're expected to swallow your conclusion? Get bent, OP's a fag.
How else would you measure your wealth over long time scales?
>Wealth isn't a function of the things your money can buy
Based retardbro
>falling for the gold custodians tricks
You, my friend, are never going to make it. The buy pressure you are referring to is countries realizing that receipts aren't as good as gold and presenting their receipts for the real thing.
if you had 1 million in gold standard dollars you would own that equivalent value of gold.
If you wanted that same buying power as a gold standard millionaire today you would need 45m
But you can buy a lot less now with $20 dollar USD bills now then 50 years ago.
But they only take dollars, and they don't take gold.
>The real dollar ended in August 2015 along with the Bear Market.
>You could get an entire Bitcoin at $230 back then.
>A millionaire could get 4347.82608695 Bitcoin.
>After we've allowed the dollar to inflate, it has become much easier to be a nominal millionaire.
>Today, you need $50,000,000 to be a real millionaire.
great way to have low quality and shortages is to price cap things and subsidize other forms of consumption and leisure
>calls me a retard when he's stacking a rock which he can't immediately trade for useful things
Nations don't measure their wealth in BTC and it is an untested store of value. Maybe someday it will reach a steady value but it is still too volatile to replace gold in the argument.
wrong
>which he can't immediately trade for useful things
sucks that you don't know dealers that buy 2% less than spot. Assuming you had to keep all cash or all gold and no other assets, I'd rather have all gold and slowly sell off the gold as needed for expenses.
>doesn't understand inflation is theft
you're either a glowie or a brainlet, either way
>I'm ok with my wealth being eaten away by transaction fees as long as it isn't eaten away by inflation
This is why nobody takes goldbugs seriously, you're too lost in the sauce to provide a good argument for the position.
When the endtimes come, no one is gonna want your fucking gold either
How much silver do I need to be a real millionaire