4 thoughts on “If in 1980, how much is it worth it now?”
Teresa
1980 was just the second year of reform and opening up. At that time, there were not many people who could have 10,000 yuan deposit. Known as a "10,000 yuan households", it is an obvious symbol of rich people. If you buy gold at this time, how much can it be worth it now? 1980 was bearing on the national shape in the national form. The price of gold in that year was relatively large. From the figure below, we can see that the maximum at the highest reached $ 850/ounce, the lowest only 481.5 US dollars/ounce, the average price of the year was 612 US dollar/ounce. We calculated at the average price, so 1 gram of gold is almost equal to $ 19.68, and the exchange rate of the RMB exchange for USD was 1: 1.49, then 1 gram of gold was almost equal to 29.32 yuan, and 10,000 yuan could purchase 341 grams of gold at that time. 2019 under the shadow of the inter -national ring and the Federal Reserve's downside. This year's gold trend has risen, and the current international gold price has exceeded $ 1,500/ounce. The last appearance was on April 12, 2013. Based on $ 1500/ounce, now 1 gram of gold is almost 48.23 US dollars. Based on the current US dollar exchange rate of 1: 7, then 1 gram of gold is almost equal to 337.6 yuan, and the 341 grams of gold in our hands is almost worth 11,5125 yuan. It, from 1980, we bought gold with 10,000 yuan to put the value of only about 110,000 yuan now. The 39 years rose 11 times, and the annualized yield was almost 6.47%. Not high or low. What if you put these 10,000 yuan in the bank at the beginning? From the figure below, we can see that the average yield of these 39 years is similar to buying gold, and they do not win inflation. On the surface, when the investment of 10,000 yuan to buy gold was originally worth 11,000 yuan, we seem to make a profit, but if you think about 10,000 yuan in 1980 and the current purchasing power of 10,000 yuan, it is very different. It is two different concepts. The storytelling may have been heard. A person had a set of courtyards in Beijing before. After selling tens of thousands of yuan, he ran to work abroad. I want to go back to Beijing for the elderly, but the value of the original courtyard house has exceeded 100 million. From this, we can also see that buying gold and deposit banking are not the best way to make money. If in 1980, if we invest in real estate or do business in the sea, in terms of the entrepreneurial environment at that time, the success rate is quite high, and personal assets may be hundreds of times now. Of course, we are talking about everything now, because we look at the past history with our current eyes. If we are in the environment at the time, most people will still choose to deposit banks. Just like we are looking at ourselves decades later, we will scold ourselves why we are so stupid why they do not invest in this investment that year, so personal vision and pattern are very important.
In 1980, the salary was 20-50 a month, and the gold was about 29 yuan per gram. Then the salary of one month could only be bought for one gram of gold. At that time, the purchase of gold needed to use foreign exchange coupons. The foreign exchange volume is called "Foreign Exchange ). People can use foreign currency to exchange "foreign exchange coupons" in China and go to special places, such as friendship stores, and buy shortage products that RMB cannot be purchased at that time. Overseas. This is a short -lived thing in a certain historical period. With the development of China's economy, the increase in goods and foreign investment have not influated, and the role of foreign exchange rolls is getting smaller and smaller. but we still assume:
I we will calculate the average price of $ 612/ounce in 1980, then 1 gram of gold is almost equal to $ 19.68, and the exchange rate of the RMB exchange in the US dollar was 1 : 1.49, then 1 gram of gold is almost equal to 29.32 yuan, and 10,000 yuan can buy 341 grams of gold at that time. The as a reference on the Asian period on April 1, 2021, the spot gold fluctuated narrowly and traded near 1706. And 1 ounce = 28.349523125 grams, that is, 1 gram of gold is almost $ 60.18, and the current $ 1 is 6.5646 yuan, that is, 1 gram of gold requires 395.06 yuan. The 341 grams of gold in our hands is almost worth 134715.46 yuan. So is it better to buy gold than bank deposits? The investment and wealth management of that year was basically deposited in banks, like investing in real estate or other. In the late 1980s, the phenomenon of house trading in Beijing appeared. Some experts have calculated that 10,000 yuan in 1980 existed to the bank, usually more than 60,000 yuan. If it is continuously rolled at the fixed storage on a regular basis, coupled with the value preservation, it will not exceed 100,000 yuan. From the perspective of income, the income of purchasing gold is better than that of bank savings, and the gap between the two's income is not large. In actual situation, at that time, investing gold was not operable, and investment in real estate was unrealistic. Just think about it.
There is no need to exchange US dollars, nor does it need to buy any house. In 80 years, monkey tickets are issued, a total of 5 million. If you are sure you can go back, you can buy a total of 125,000 and 80 pieces of one version. In total, you have 1562.5 Edition, the current price of each version is 1.5 million. At least you have more than 2.2 billion assets and 220,000 times return. Of course, you can also learn some private enterprises to start, probably not lower than this return. You can be in Beijing in 80 years. Ring, Shanghai Xiafei Road Pudong bought a house, and there was no such return, but you endured the premise. I used to have a single (10), dual (4) four couplets (4) 8 couplets (4) 16), let me have 4 pieces of 4 yuan in 1986, 6 yuan each in 1988, and from 1,000 to 2,000 in the 1990s. Now I only have one memories.
1980 was just the second year of reform and opening up. At that time, there were not many people who could have 10,000 yuan deposit. Known as a "10,000 yuan households", it is an obvious symbol of rich people. If you buy gold at this time, how much can it be worth it now?
1980 was bearing on the national shape in the national form. The price of gold in that year was relatively large. From the figure below, we can see that the maximum at the highest reached $ 850/ounce, the lowest only 481.5 US dollars/ounce, the average price of the year was 612 US dollar/ounce. We calculated at the average price, so 1 gram of gold is almost equal to $ 19.68, and the exchange rate of the RMB exchange for USD was 1: 1.49, then 1 gram of gold was almost equal to 29.32 yuan, and 10,000 yuan could purchase 341 grams of gold at that time.
2019 under the shadow of the inter -national ring and the Federal Reserve's downside. This year's gold trend has risen, and the current international gold price has exceeded $ 1,500/ounce. The last appearance was on April 12, 2013. Based on $ 1500/ounce, now 1 gram of gold is almost 48.23 US dollars. Based on the current US dollar exchange rate of 1: 7, then 1 gram of gold is almost equal to 337.6 yuan, and the 341 grams of gold in our hands is almost worth 11,5125 yuan.
It, from 1980, we bought gold with 10,000 yuan to put the value of only about 110,000 yuan now. The 39 years rose 11 times, and the annualized yield was almost 6.47%. Not high or low. What if you put these 10,000 yuan in the bank at the beginning? From the figure below, we can see that the average yield of these 39 years is similar to buying gold, and they do not win inflation.
On the surface, when the investment of 10,000 yuan to buy gold was originally worth 11,000 yuan, we seem to make a profit, but if you think about 10,000 yuan in 1980 and the current purchasing power of 10,000 yuan, it is very different. It is two different concepts.
The storytelling may have been heard. A person had a set of courtyards in Beijing before. After selling tens of thousands of yuan, he ran to work abroad. I want to go back to Beijing for the elderly, but the value of the original courtyard house has exceeded 100 million. From this, we can also see that buying gold and deposit banking are not the best way to make money.
If in 1980, if we invest in real estate or do business in the sea, in terms of the entrepreneurial environment at that time, the success rate is quite high, and personal assets may be hundreds of times now. Of course, we are talking about everything now, because we look at the past history with our current eyes. If we are in the environment at the time, most people will still choose to deposit banks. Just like we are looking at ourselves decades later, we will scold ourselves why we are so stupid why they do not invest in this investment that year, so personal vision and pattern are very important.
In 1980, the salary was 20-50 a month, and the gold was about 29 yuan per gram. Then the salary of one month could only be bought for one gram of gold. At that time, the purchase of gold needed to use foreign exchange coupons.
The foreign exchange volume is called "Foreign Exchange
). People can use foreign currency to exchange "foreign exchange coupons" in China and go to special places, such as friendship stores, and buy shortage products that RMB cannot be purchased at that time. Overseas. This is a short -lived thing in a certain historical period. With the development of China's economy, the increase in goods and foreign investment have not influated, and the role of foreign exchange rolls is getting smaller and smaller.
but we still assume:
I we will calculate the average price of $ 612/ounce in 1980, then 1 gram of gold is almost equal to $ 19.68, and the exchange rate of the RMB exchange in the US dollar was 1 : 1.49, then 1 gram of gold is almost equal to 29.32 yuan, and 10,000 yuan can buy 341 grams of gold at that time.
The as a reference on the Asian period on April 1, 2021, the spot gold fluctuated narrowly and traded near 1706. And 1 ounce = 28.349523125 grams, that is, 1 gram of gold is almost $ 60.18, and the current $ 1 is 6.5646 yuan, that is, 1 gram of gold requires 395.06 yuan. The 341 grams of gold in our hands is almost worth 134715.46 yuan.
So is it better to buy gold than bank deposits?
The investment and wealth management of that year was basically deposited in banks, like investing in real estate or other. In the late 1980s, the phenomenon of house trading in Beijing appeared. Some experts have calculated that 10,000 yuan in 1980 existed to the bank, usually more than 60,000 yuan. If it is continuously rolled at the fixed storage on a regular basis, coupled with the value preservation, it will not exceed 100,000 yuan. From the perspective of income, the income of purchasing gold is better than that of bank savings, and the gap between the two's income is not large.
In actual situation, at that time, investing gold was not operable, and investment in real estate was unrealistic. Just think about it.
There is no need to exchange US dollars, nor does it need to buy any house. In 80 years, monkey tickets are issued, a total of 5 million. If you are sure you can go back, you can buy a total of 125,000 and 80 pieces of one version. In total, you have 1562.5 Edition, the current price of each version is 1.5 million. At least you have more than 2.2 billion assets and 220,000 times return. Of course, you can also learn some private enterprises to start, probably not lower than this return. You can be in Beijing in 80 years. Ring, Shanghai Xiafei Road Pudong bought a house, and there was no such return, but you endured the premise. I used to have a single (10), dual (4) four couplets (4) 8 couplets (4) 16), let me have 4 pieces of 4 yuan in 1986, 6 yuan each in 1988, and from 1,000 to 2,000 in the 1990s. Now I only have one memories.
At that time, it was more than 30 yuan per gram. Now more than 380 yuan per gram, about 100,000 yuan, at least ten times.