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Infographic: the purchasing power of gold over the years
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Date: 8 June 2023
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.
About Rolf van Zanten is the founder and owner of The Silver Mountain, a specialist in physical precious metals since 2008. With nearly twenty years of experience in the precious metals trade, Rolf shares his expertise on investing in gold, silver, and platinum in an accessible and reliable way. His knowledge of the international gold and silver markets helps investors make well-informed decisions. In his role as an expert, he strives to ensure that transparency, security, and trust are at the heart of every purchase.
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