Tangible assets can keep value

Lesson is to not to store your capital in cash.

- Keith McLachlan

In 1975, the average US house price was around $39,500 and the gold price was around $193 per ounce—thus, around 200 ounces of gold could buy you the average house in the US.

Bear in mind that the US was grappling with the aftermath of the Vietnam War in 1975. The country faced economic turmoil marked by high inflation, rising unemployment, and a lingering energy crisis.

President Gerald Ford, who had taken office after Richard Nixon's resignation in 1974, was struggling to restore public trust in government amid the ongoing Watergate fallout.

Globally, US foreign policy shifted negatively towards the Soviet Union, reflecting broader Cold War tensions.

Skip forward to 2024, when the US was navigating a politically charged presidential election. Economic concerns, including inflation, interest rates and labor market shifts, contributed to the uncertainty.

Over long periods of time, the same house slowly costs less gold, or the same amount of gold could still buy you the average house in the US.