Gold Preserves Purchasing Power Over the Long Term: Here’s the Proof

In "Pouvoir d’achat, le grand mensonge" (Purchasing power – the great lie), that I just published with Eyrolles, I speak out against the under-estimation of inflation, as measured by INSEE. The statistical agency minimizes the weight of real estate by inventing a “quality effect”, thus eroding the rising prices and being able to announce an increase in purchasing power year after year, although it doesn’t correspond at all to what the people are experiencing in their daily lives. In order to go beyond this criticism and to understand recent history, I reconstituted the price history of the last decades (1965-2015), without using INSEE data, of course. For that purpose, I searched for real-time prices in shopping catalogues and commercial advertisements, and in databases as well, in order to cover all the different types of products (household appliances, clothing, food, automobiles, rent etc.). To interpret this data, one has to divide the price of a product b...

from GoldBroker.com https://www.goldbroker.com/news/gold-preserves-purchasing-power-over-the-long-term-heres-the-proof-1434