By twitter.com on January 4, 2020
“In other words, a house purchased for $20k – or 1,000 ounces of gold at $20.00 per ounce – in the 1920s would cost $1,000,000 or more today. (1k ounces of gold at $1300 per ounce would be one $1.3m, representing a 98.3% loss of purchasing power for the U.S. dollar.)”
The Coin Detective