Purchasing power of gold over years
Everyone knows the value of gold. But how relevant is it now? This can be shown by such an index as the purchasing power of gold. Let's take a look at what it is and how such an index has changed over the years.
First of all, what is purchasing power? This is the ratio of supply and demand for a certain period of time. So, if modern investment instruments are quite volatile, and this applies even to modern types of currencies, gold seems monumental, stable and at the same time - holding the same price through the ages. However, it is not true at all, for gold is one of the softest metals, and not only in the direct, but also in the figurative sense.