Not a bad idea!
A radio controlled toy Ferrari? Wish I would've done that. Seriously, I agree with what your saying.Yes, it does. It's not a simple case of "gold will be worth this much"....
Gold Price Today | Price of Gold Per Ounce | 24 Hour Spot Chart | KITCO
Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.www.kitco.com
It's changed -3% in the last 30 days
-6.55% in the last 6 months.
+11.5% in the last year
+546% in the last 23 years.
Obviously the dollar has fluctuated in this time too.
The dollar is up $0.01 against the Euro for the last 30 days
Up $0.02 against Euro for the last 6 months
Down about $0.1 against the Euro in the last year.
Though there was a huge fluctuation last summer, went from $0.81 to $1.04 from January to end of September last year. That's a 28% increase, much higher than gold.
And that's against the Euro. Inflation has impacted most western countries.
Current US Inflation Rates: 2000-2025
The annual inflation rate for the United States was 2.3% for the 12 months ending April, compared to the previous rate increase of 2.4%, according to U.S. Labor Department data published on May 13, 2025. The next inflation update is scheduled for release on June 11 at 8:30 a.m. ET, providing...www.usinflationcalculator.com
Inflation going up 9.1% in a month, your gold isn't going to inflate that much, it's going to keep its value compared to inflation, rather than compared to the dollar (which inflated).
In August 2022 your gold went for $1,747 per ounce
In August 2023 your gold went for $1,897 per ounce
In August 2023 your $1,747 per ounce from 2022 went for $1,811
So, one ounce of gold bought in August 2022 would have earned you $86 compared to inflation, you could buy yourself a toy Ferrari with that.
I cannot imagine a time when alcohol will not be in demand.
Not exactly vodka, but it does only take half as much, I'm not a big fan of alcohol myself so half as much goes down easier.
Gold is good for inflation. Inflation is your biggest problem. It's bad if you have negative inflation, but over time it should pan out.
www.bls.gov
www.macrotrends.net
I worked for the world's largest winery for over 3 decades and that is true in my experience. When times are good, people celebrate. When times are bad, people drown their sorrows. Win-win for the alcohol industry.
LOL, put a rag in the mouth of the bottle and light it and you have a molotov cocktail.
Gold is good for inflation. Inflation is your biggest problem. It's bad if you have negative inflation, but over time it should pan out.
I haven't looked into it much, it's just an educated guess and I worked that out. If I were really serious I'd take the inflation calculator and the gold price and whack them into excel and see the increase... I bet it's pretty good.
CPI Inflation Calculator
Gold Prices - 100 Year Historical Chart
Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.
No I don't. Half a shot in a glass of lemon juice, with ice. Hell sometimes I can drink two in an evening. Not much of a drinker here.
Well I don't have lemons either. But that Costco up in Flagstaff sells bottles of lemon juice by the case you know, and I have a fear of scurvy so I got some and put it in my storage.....lol. I have all kinds of stuff in those containers
