Quote:
Originally Posted by Swanny
How much should 1 gram and 1 ounce of gold cost??
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I understand your question but the answer is of course a wild guess.
In todays US Dollar and what you can purchase with dollars today following example:
Today 1 ounce of gold was trading around USD 820... so what can you buy today with USD 820....
Maybe you could buy 820 hamburgers at MCD @ USD 1....
After a revaluation of the USD and the Gold price trading freely and probabely even playing a role in a future new currency model as a sort of (partial) gold standard
I expect that with one ounce of you gold you might buy between 4000 and 10'000 MCD-hamburgers or in other words the purchasing power factor is 5 to 10 so you can buy 5 to 10 times more goods with one ouce of gold....
cheers, silverman