just a thought BUT: doesn't production affect how much any monetary unit can buy? eg: more bread should mean less money required? ergo, bread 1000 years ago is not worth the same as bread today?
@longspear584 so long as production of gold & production of wheat stay relatively close the prices can be as well. As recently as 2009 0.1g gold = 1 loaf of bread in Zimbabwe. Bread 1000 years ago has the same value to a person's body as today, so if gold production kept pace with bread/wheat production then yes, it is the same.
Eye opener! well put together.
suddy669 7 months ago
just a thought BUT: doesn't production affect how much any monetary unit can buy? eg: more bread should mean less money required? ergo, bread 1000 years ago is not worth the same as bread today?
longspear584 7 months ago
@longspear584 so long as production of gold & production of wheat stay relatively close the prices can be as well. As recently as 2009 0.1g gold = 1 loaf of bread in Zimbabwe. Bread 1000 years ago has the same value to a person's body as today, so if gold production kept pace with bread/wheat production then yes, it is the same.
ytgv3fc7 7 months ago
Great video!
rjthomas23 7 months ago
Go viral? But it won't! Folks prefer the Evolution of Dance!
ytrogergt 7 months ago
Ahhhh this is the guy from money week magazine. I beleieve. What a superb little clip... this needs to go viral. Cheers
sidkings 7 months ago 2