4 thoughts on “How much is worth buying gold in 1980? Is it better than investing in financial management?”

  1. Bobbie

    How much is it worth it if you buy gold in 1980?
    1980 people and people's currency were unusual. At that time, 10,000 yuan households were local tyrants; then how much is we analyzed how much money is worth the purchase of gold at that time?
    The minimum gold in 1980 was $ 481.50, the highest price was $ 850, and the average price was $ 612.11/ounce;
    ;
    -10,000 yuan to purchase US $ 612.11/ounce in 1980, and the USD $ 10,000 is 6711.40 US dollars. How many ounces can be purchased? 6711.40 US dollars/612.11 US dollars/ounce = 10.96 ounces;
    and then again based on 1 ounce = 28.3495231 grams (g), 10.96 ounces equals about 310.71 grams; 1303.83 US dollars/ounce, the gold per gram of gold is converted into RMB 285.20/gram, which can be calculated that 310.71 grams can be purchased with 10,000 yuan in 1980. How much is it worth it now? 310.71 grams*285.20 yuan/gram = 88614.49 yuan;
    This can finally get the answer to 88614.49 yuan after 38 years of purchasing gold in 1980.
    is better than investing in financial management?
    In above the calculation can be settled. In 1980, 10,000 yuan to purchase gold 38 years later, it is now worth 88614.49 yuan, which is equivalent to about 8.86 times the income. If you consider comprehensive consideration, it is not cost -effective to buy gold than investing in financial management in 1980, and use data below;
    in 1980, when "10,000 yuan households" were real rich people;
    In 20000, the "million households" were local tyrants and belonged to the rich;
    in the 21st century, "Ten Millionaires" were local tyrants, the rich;
    can be inferred from here that in the 1980s, the money was a rich person. After 38 years, the assets were the rich, which can explain a problem; 10,000 yuan in the 1980s is equivalent to the current 10 million households; Indirectly reflects the depreciation rate of a currency; according to this calculation of the currency depreciation rate of several hundred times, and your income is only 8.86 times, it is obviously a loss -making income. In the 1980s, investment and gold were completely loss.
    Then the purchase of gold in 1980 Compared with the investment market, if you buy a house with 10,000 yuan in 1980, the house was believed to be very cheap at that time, that is, a few hundred yuan a house. You can buy one for 10,000 yuan. The money of the house is packed; at that time, the house is at least worth a lot of money. At least a house of a house is worth hundreds of thousands to millions, mainly looking at the location, the location determines the price of the house; thereby explaining that at that time The lowest investment in the property market has also been paid dozens of times, which is more appreciation than investing in gold.
    In the depreciation rate of the above currency and the investment market, the purchase of gold value -added rates with 10,000 yuan in 1980 is relatively low. It is not cost -effective to buy gold in the past 38 years. Many investment wealth management products.

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