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Discover Practical Measures of Inflation Explained
How do you know if you’re increasing buying power, or is it decreasing? A meaningful comparison between physical goods and monetary value opens investment opportunities.
When you have the means to determine the value of something, you can buy low and sell high. This is just one example of approaching monetary value.
Use this method to determine if you’re selling at a profit. Understand the returns on investment and discover new ways to profit. Be sure to like and subscribe.
Equivalent in 1971, ...
1.9 grams Gold = $2.923 (December)
31.1 grams Silver = $1.503 (December)
$2.213 Average (Ratio Gold/Silver 1.945)
Value in 2021 ...
1.9 grams Gold = $109.77 (October)
31.1 grams Silver = $24.732 (October)
$67.251 Average (Ratio Gold/Silver 4.438)
These equivalencies tell you inflation is happening and the difference between gold/silver prices. So the value of gold is inflated as well against silver.
This kind of math can help you determine if something is cheap or expensive to historical prices.
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