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A link to an article explaining how to calculate Inflation Adjusted Gold Price.
https://seekingalpha.com/article/265225-determining-the-true-inflation-adjusted-gold-price
That chart is right, Gold value during the 1980’s does have more value and than Gold during 2015, but the article valued Gold at $8,194 during 1980’s and $3,604.22 during 2011, the year it was posted.
As far as I understand, the graph might look a bit different if another than CPI measure was used. But it wouldn't change the whole picture, right? Or did you mean, it would?
What I don't understand in that article, is what is "Manic Gold Price"? And how article dated Apr. 25, 2011 could contain a chart with figures up to 2020?
Maybe it's Sunday and my head isn't working properly, I'm sorry, but I can't understand where are these
figures coming from?
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If having 1 bitcoin was actually a requirement for having high status, that might give it intrinsic value. But that's not the case and I don't see a reason it would ever be the case. The actual measurement of high status is wealth, no matter the form.
If having 1 bitcoin was actually a requirement for having high status, that might give it intrinsic value. But that's not the case and I don't see a reason it would ever be the case. The actual measurement of high status is wealth, no matter the form.
I disagree. But let's suppose it's true. Wouldn't having 1 Bitcoin be an indication of belonging to high status group then?