Why price everything in gold?
Fiat currencies expand. Gold doesn't. Pricing assets in ounces strips out monetary illusion and shows what's really going on.
Essays on money, markets and what things are really worth.
Fiat currencies expand. Gold doesn't. Pricing assets in ounces strips out monetary illusion and shows what's really going on.
The S&P 500 measured in ounces of gold tells a wildly different story to the headline number — full of decades-long bull and bear markets.
For most of recorded history one ounce of gold bought ~15 ounces of silver. Today it buys closer to 80. What happened?
Bitcoin is often called digital gold. Plotting BTC in ounces of gold instead of dollars shows a very different picture to the usual chart.
Apple's stock chart in dollars is a near-vertical line. In gold it tells a much more interesting story about when Apple actually created shareholder value.
A barrel of oil has cost roughly the same amount of gold for over 100 years. The dollar price moves wildly; the real price barely moves.
The median US home costs more dollars than ever. In ounces of gold it costs roughly what it did in the early 1980s.