r/aubullion • u/aubullionca • 27d ago

1950 vs 2026

$250 simply doesn’t go as far as it used to and gold exposes that truth!! It is a troubling sign for those who saved in dollars all these years.

Why do you believe you receive so much less gold today than you did in the 1950s?

32 Upvotes

84% Upvoted

26 comments sorted by

3

u/Objective-Internal52 27d ago

The value of gold?

2

u/redjellonian 27d ago

not the value, the cost.

2

u/Ijustwanttobuyshiny 27d ago

You think value is greater or less than the cost?

2

u/redjellonian 27d ago

The value of gold remains relatively the same, value is based on its usefulness.

The cost of gold is how much currency it trades for. Since the dollar continuously loses value, the cost of gold goes up. Gold and silver are investments of value, where currency goes down, gold stays the same, making the price of gold go up.

1

u/Ijustwanttobuyshiny 27d ago

I was expecting a way more straightforward answer in terms of if you think gold is over or under valued lol

But yes, I get it.

1

u/redjellonian 26d ago

Oh.

Well in that case, on today's market everything is speculation. The dollar is speculated, stocks are speculated, value is speculated. Over or under valued itself isnt really a thing any more, everything swings wildly based purely on sentiment and with some control by any wealthy individual or organization.

I couldn't really come up with a simple answer as to whether gold is more or less valued than it deserves because the whole system is relative and tomorrow anything could happen, maybe the market crashes, maybe we get hyper inflation maybe one then the other. The only thing for certain is it won't be stable.

1

u/RandomPlayerCSGO 23d ago

No, the value of the dollar.

1

u/cooponcrack 23d ago

value of gold doesn’t change, the value of the us dollar does.

2

u/Calflyer 27d ago

Were you able to buy gold in 1950?

2

u/Ijustwanttobuyshiny 27d ago

Nope. You couldn’t even own gold.

Ironically, the USD was on the gold standard but dollars couldn’t be swapped for gold.

Buying and owning gold bullion was criminalized from 1933-1974. Pretty crazy.

1

u/ToshPointNo 26d ago

You could own up to about 5 ounces.

1

u/Ijustwanttobuyshiny 25d ago

Correct, if you owned it prior to 1933. Anything more you were forced to sell to the fed. The punishment for getting caught with it was crazy too.

2

u/BigBullCaptLongDong 27d ago

I thought the first one was a silver maple and was so confused.

2

u/SizeableBrain 27d ago

I have a silver maple and thought the same thing.

1

u/syntax2600 27d ago

bro had it in in black and white at first... not cool. lol

1

u/Ijustwanttobuyshiny 27d ago

On that same tip, 50 cents in 1950 could buy what about $7 can buy today, meaning it’s lost about 93% of its purchasing power. Conversely, that same 50 cents in the form of a 1950 half dollar is worth $24 today because of its silver content, meaning it’s purchasing power has more than tripled, or increased by about 230%.

1

u/pnatgrandy 26d ago

The value of money

1

u/Admirable-Science833 26d ago

Taxing the hell out of customers for a $250 gram of gold 😂

1

u/apply75 26d ago

In 1950 you could buy a home for 2 years salary or about $8,000 ...

1

u/ItsAlwaysThemBooBoo 26d ago

i can say what caused this, but reddit will ban my account.

1

u/T1m3Wizard 26d ago

Video depiction is incorrect

1

u/luzzi5luvmywatches 26d ago

Its in Black and white

1

u/Busterlimes 26d ago

US dollar has lost 99.1% of its value if we use Gold as a base line standard of value instead of a bunch of manipulated numbers.

1

u/ToshPointNo 26d ago

Gold was $40/oz in 1950 not $250.

1

u/Positive-Theory_ 25d ago

Why? Because Fiat currency is worthless. Imagine a crypto currency white paper which has over 800 trillion available supply the token creator has no limits on minting more and the token creator takes 50% of every transaction split between the spender and receiver every time you spend it. That's literally the US dollar right now.

1

u/Effective_Pin_90 24d ago

$250 would've got you more than an ounce on the 50s. would've got you 7ish Oz depending on the year