I remember roughly a decade ago I worked out that a gold was equivalent in purchasing power to somewhere on the order of $100, and $100 was a nice round number that’s easy to use to get a ballpark feel for what something is worth, so I pretty much always use that. I’m guessing inflation and/or doomsday preppers (or political culture) has significantly raised the price of gold since then. Inflation too.
For the lower end calculating it as minimum wage it’s the equivalent of $5,800.
Not a bad deal, but quite expensive still
I remember roughly a decade ago I worked out that a gold was equivalent in purchasing power to somewhere on the order of $100, and $100 was a nice round number that’s easy to use to get a ballpark feel for what something is worth, so I pretty much always use that. I’m guessing inflation and/or doomsday preppers (or political culture) has significantly raised the price of gold since then. Inflation too.