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Did you know?

In 1950, you could have purchased a house for $17,500. At that time, the price of gold was $35 per ounce, so you could have paid for that house using 500 ounces of gold. Since that time, the value of the dollar has plummeted and the price of gold has risen dramatically. To purchase a similar house now, you would need $185,000, BUT ONLY 143 ounces of gold, based on a price of $1,300 per oz.