jabathekek, 1 year ago (edited 7 months ago) In 1920, the average price of gold per troy ounce was $20.68USD[26.2 kB pdf]; 1 Kilogram = 32.15075 Troy ounces. Average house price in the 1920’s was https://brilliantio.com/how-much-did-a-house-cost-in-1920/. $20.68 USD * 32.15075 oz t = $664.87751 USD * 10 = $6648.7751 USD In 2023, the average price of gold per oz t was $1,940.54 and the average home price was https://www.forbes.com/advisor/mortgages/real-estate/median-home-prices-by-state/. $1,940.54 USD * 32.15075 oz t = $62,389.81641 USD * 10 = $623,898.1641 USD This meme is credible, excepting errors in my assumption that 1 kilogram of gold is equivalent to 1 kilogram of common material.
In 1920, the average price of gold per troy ounce was $20.68USD[26.2 kB pdf]; 1 Kilogram = 32.15075 Troy ounces. Average house price in the 1920’s was https://brilliantio.com/how-much-did-a-house-cost-in-1920/.
$20.68 USD * 32.15075 oz t = $664.87751 USD * 10 = $6648.7751 USD
In 2023, the average price of gold per oz t was $1,940.54 and the average home price was https://www.forbes.com/advisor/mortgages/real-estate/median-home-prices-by-state/.
$1,940.54 USD * 32.15075 oz t = $62,389.81641 USD * 10 = $623,898.1641 USD
This meme is credible, excepting errors in my assumption that 1 kilogram of gold is equivalent to 1 kilogram of common material.