03/28/2024
Michael Campbell shared this earlier - This is very interesting in terms of value of Vancouver housing - "Vancouver house prices measured in ounces of gold. The average house peaked at a cost of 840oz in August 2005 and have been falling ever since. Today's sky high house prices are largely a reflection of fiat currency debasement."
Steve Saretsky, Vancouver Realtor & investor
Which is why on Moneytalks we have emphasized for the last 4 yrs the debasement of the purchasing power as the biggest challenge to our personal finances.
Ray Dalio: Watch the value of your money (e.g. dollars) in relation to the prices of other currencies, gold, and goods and services to understand what is really going on... If you don't do that, you might fall under the illusion that the things measured in that money (e.g., stocks and bonds) are going up, when the truth is the value of your money is going down.Vancouver house prices measured in ounces of gold. The average house peaked at a cost of 840oz in August 2005 and have been falling ever since. Today's sky high house prices are largely a reflection of fiat currency debasement."
Steve Saretsky, Vancouver Realtor & investor
Which is why on Moneytalks we have emphasized for the last 4 yrs the debasement of the purchasing power as the biggest challenge to our personal finances.
Ray Dalio: Watch the value of your money (e.g. dollars) in relation to the prices of other currencies, gold, and goods and services to understand what is really going on... If you don't do that, you might fall under the illusion that the things measured in that money (e.g., stocks and bonds) are going up, when the truth is the value of your money is going down.
