General Discussion

In December of 1963, almost a month to the day after Kennedy was assassinated, my dad was transferred from the DC area to Miami. He bought a house built only 3 years before, in what was known as "Holly Hills" (couldn't find much of a hill in that area if your life depended on it!), south west of downtown Miami by about 12 miles, basically the Kendall area, for about $25,000. His mortgage payment was $112 a month and he paid that 30 year note off early, in the late 80's. That house was a victim of hurricane Andrew in the early 90's and dad did pretty well with the insurance settlement and subsequent sale of the house and land.

That very property sold last year for $2,065,000!


https://www.zillow.com/homedetails/8900-SW-115th-Ter-Miami-FL-33176/44283579_zpid/


One excellent description I heard years ago about the value of gold and how it was a storage of value went thus:

In the 1870's (or pick a time period 150 years ago), a $20 gold piece would buy you a finely tailored suit from the best tailor shop in New York.

Today, the very same exact coin would buy you a finely tailored suit from the best tailor shop in New York. { This assumption includes the numismatic value}

The biggest problem with using Gold as a standard for currency valuation these days is that China is the largest producer of newly mined gold, and if they wanted to manipulate the price, they easily could. The question to ask people who advocate for a return to the gold standard is "Do you want China to control the value of the US Dollar?"

The point you make is accurate and fascinating.