狮山巡礼
投资杂谈
Why Gold Still Matters in the Age of AI
As technology transforms our world, its easy to overlook the timeless signals sent by gold. In 1924, John Maynard Keynes called the gold standard a barbarous relic, and even governments have questioned its relevance-like when the UK sold half its gold reserves during the tech bubble.
History shows golds power to preserve purchasing power
Consider this:
In 1906, one ounce of gold bought 690 hot dogs in NYC;
today, it buys 675!
A loaf of bread in Ancient Rome cost about 0.36g of gold; in
2025, its 0.024g-still in the same ballpark
A decent suit in London or NYC? One ounce of gold bought
one in 1967, and it still does today !
In more modern times, PGA Golf Prize money in 2000 paid Tiger Woods an amount which expressed in gold would now be similar in 2024 but 9x higher in USD!
In simple terms, authorities are creating new money at a faster pace than the growth of the economy, hence purchasing power of paper money is depreciating.
In contrast, Golds purchasing power has remained remarkably stable across centuries and revolutions. In a world of rapid change, listening to what the gold price is telling us might be more important than ever.
