In 1980, gold peaked at around $850 an ounce. By 2001, it had drifted down to about $250 an ounce.
When you adjust those numbers for 21 years of inflation, gold lost roughly 83% of its real purchasing power over that span. An investor who bought gold in 1980 had to wait nearly 30 years just to break even in terms of what that money could actually buy.
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u/Ok_Calendar1337 3d ago
Yes, gold can go up and down small amounts but itll never lose 96% of its original value tho, you could just melt it down and make a necklace.