$4,000 for 1 ounce of Gold, Silver, Platinum and Palladium
January 3, 2011
4,000 dollars, that’s what Inflation and Ounce are reporting. It now takes $4,000 American dollars to purchase a whopping total of 4 ounces of metal. One ounce of Gold, Silver, Platinum and Palladium.
It’s worth noting that Silver only contributes $31 dollars or so to the figure.
The Ounce.Me Metric has been with us for generations, but watching it update in real time is somewhat scary as people are seeing inflation in real time.
In 2001, the total ounce.me total was only $899, now it’s over $4,000 … but of course inflation is nill right?
This single metric has proven without a doubt that inflation has hit record highs, but yet it’s not published to any extent.
Enjoy the new reality.
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