Viewed: 52 - Published at: 5 years ago

man who had exchanged his $1,000 of savings for gold in 1970, while the gold window was still ajar, would have received just over 26.6 ounces of the precious metal. At the time of writing, with gold trading at close to $1,000 an ounce, he could have sold his gold for $26,596.

( Niall Ferguson )
[ The Ascent of Money: A ]
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