If you start at $20 an ounce in 1933 you actually need an average annual price increase of 8.6% per year to get to the 1980 high, not 1.37%.MachineGhost wrote: decades of debasement "baked into the cake" suddenly bursting forth in less than a decade in the 70's. So say the dollar after depegging lost exactly 90% at the final peak in 1980; so extrapolate the loss back to 1933 and it'll more or less be the average debasement of the dollar per year: 1.37%. Zzzzzzzz.
As always please anyone check my math.
To get to today's price of $1,250 it's about 5.25% and the 2011 high would have needed an even 6%, since 1933. Are those numbers such a snore?
I think it can be safely argued that our current socialist state is more likely to produce higher inlfation, WWII notwithstanding.