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Infographic: the purchasing power of gold over the years
Update: 8 June 2023 Reading time: 1 min
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This image illustrates the depreciation of paper money over time due to inflation. On the left, we see a stack of banknotes required to buy one ounce of gold in 2020 ($1,770), while in 1933, only $20.67 was needed for the same amount of gold. This highlights how fiat currency loses purchasing power over time, whereas gold has historically maintained its value.
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