The 1932 dollar (when gold was last fixed at $20.67 the ounce) adjusted for CPI through 2011 comes to $16.50 ($1 x 1650%). If you had $20.67 to start in 1932, you'd need $341.06 today to have the identical amount in terms of CPI.
An ounce of gold held since 1932 is worth $1660 right now in 2013, an increase of 8031% since 1932 ($20.67 x 8031%).
Tough choice, right?
Tough choice, right?
