This is cool.

In the summer of 1908 the Model T was launched, brand new at $825. Gold was $20 per ounce. It took 41 ounces of Gold to purchase this first ever new automobile.

Exactly 100 years later, July 2008 Gold is worth about $925 per ounce. 41 ounces of Gold will buy a new car priced at $38,000. So Andrew asks, “Have prices gone up?” Certainly not if one uses real money. Has the dollar decreased in value?

What kind of new car can one purchase for those $825 paper dollars stuffed in the mattress in 1908 for a rainy day?

Ladies and Gentlemen, “The Real World of Money”

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