The Impressive Long Term Purchasing Power of Gold & Silver

26, August

The Impressive Long Term Purchasing Power of Gold & Silver

We saw a great meme on WallStreetSilver which sparked our essay idea for this week, the meme- The True Value of Gold and Silver compared how many ounces of silver it would take to purchase a corvette in 1950 compared to today – the answer was less!

This meme is a great example of the true value of silver over time. Below we reproduce the meme, but with the modification of the starting year of 1971 – which as we discussed in previous weeks is the year that then-President Nixon closed the Gold Exchange Window (see the post on August 19 The Changing Role of Gold).