15 Things You Can Buy with a 10 Gram Gold Cube.

golden_grgolden_gr Posts: 664 Bronze ✭✭✭
edited February 2016 in About Gold
An article from BitGold's Blog.

Time and time again we are reminded that prices are constantly rising. Inflation increases salaries and the cost of goods and services, but not always at the same rate. This has made measuring true value over time increasingly difficult.

History’s strongest store of value has always been gold bullion. Throughout the years, the same quantity of gold can be exchanged for the same value of goods or more. 6,000 years of currency experiments have yet to find a more long-term, stable, store of value.

Here are just some of the things you can buy today with the value of a GoldCube™!

10 grams of gold could buy you (based on prices as of December, 2015 of US$35/gram):

• 14 trips to the movies for a couple
• Two weeks worth of groceries for a family of four
• 12 tanks of gas for the average mid-sized SUV
• A full year of Internet service
• A round trip ticket from Toronto to Los Angeles
• 20 Uber Rides after work
• A new Kindle with 15 books on it
• 75 coffee drinks at Starbucks
• 10 meals for two at a nice restaurant
• A brand new 40″ television
• Your monthly car payment
• A new iPad Mini
• Your cell phone plan payment for two months
• Two full outfits of cloths
• A new suit

This is what you could buy today with your GoldMoney® Prepaid MasterCard®. When compared to 2000, 15 years ago, we can see that there has been a growth in the purchasing power of gold. In 2000 those 10 grams of gold would have purchased you (based on 2000 average price of US$8.78/gram):

• 8 trips to the movies for a couple
• One week worth of groceries for a family of four
• 6 tanks of gas for the average mid-sized SUV
• Two months of Internet service
• A round trip ticket from Toronto to Los Angeles
• 25 coffee drinks at Starbucks
• 3 meals for two at a nice restaurant
• A down payment on a brand new 30″ television
• Your cell phone plan payment for one month
• An outfit of clothes
• Two new ties

The bottom line is that gold, in its purest form, is one of the best ways to save money compared to most currencies. The number of things you can purchase with just that one tiny bit of gold is immense and has grown enormously over time. In 1,967 you needed US$1.13 to buy one (1) gram of gold, today you would need more than US$35 to buy the very same amount.

All of the volatility, shifts, and frequent “adjustments” in the market that happen in today’s rapid-fire economy can be troublesome. Gold is more consistent, and for most investors it’s a good idea to consider at least some of your assets to be set aside as gold.

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