If you bought gold with RMB 1, in 198, how much is it worth now?

In p>198, RMB was very valuable. At that time, ten thousand households were local tyrants. Then let's analyze how much it is worth for ten thousand households to buy gold at that time.

In 198, the lowest price of gold was $481.5, the highest price was $85, and the average price was $612.11 per ounce.

RMB 1:1.49 was converted into US dollars at that time, and RMB 1, was converted into US dollars of US$ 6,711.4;

how many ounces can you buy if you buy 1, yuan at the average price of gold in 198, and 1, yuan is converted into 6,711.4 dollars? 6711.4 USD /612.11 USD/oz =1.96 oz;

then again, according to 1 ounce =28.3495231 grams (g), 1.96 ounces equals about 31.71 grams;

according to the latest gold price of USD 133.83 per ounce on January 29th, 219 yesterday, each gram of gold is converted into RMB 285.2 per gram, so it can be calculated that you can buy 31.71 grams with RMB 1, in 198, and how much has it been worth up to now? 31.71 g *285.2 yuan/g = 88,614.49 yuan;

In the end, it can be concluded that in 198, 1, yuan was used to buy gold, and now it has become 88,614.49 yuan after 38 years.

is it better than investment and financial management?

Through the above calculation, we can get the settlement. After 38 years of buying gold for 1, yuan in 198, it is now worth 88,614.49 yuan, which is equivalent to an income of about 8.86 times. Looking at the high yield, it is quite cost-effective. However, if you consider it comprehensively, it is not cost-effective to buy gold for 1 thousand yuan in 198 than to invest in financial management. Let's talk with data below;

in the 198s, at that time? Ten thousand households? Is the real rich;

in the year 2, at that time? Millions of households? It is a local tyrant and belongs to the rich;

in the 21st century, what is it about? Multi-millionaire? Is the local tyrant, is the rich;

From this, it can be inferred that in the 198s, ten thousand yuan was a rich man, and after 38 years, ten million yuan was a rich man, which can explain a problem. Ten thousand yuan in the 198s is equivalent to ten million households now; This also indirectly reflects the depreciation rate of a currency; According to this calculation, the currency depreciation rate has been several hundred times, and your income is only 8.86 times, which is obviously a loss-making income. In the 198s, investment and gold were completely at a loss.

Then buying gold in 198 is compared with investing in the property market. If you buy a house with 1, yuan in 198, the house at that time is believed to be very cheap, that is, a few hundred yuan per room, and you can buy a house with 1, yuan. At that time, the house was worth a lot of money at least now, and a house was worth hundreds of thousands to millions at least, mainly depending on the location, which determined the price of the house; Thus, it can be explained that at that time, the purchase of the property market with 1, yuan had a minimum investment return of dozens of times, which was completely more value-added than investing in gold.

compared with the above currency depreciation rate and investment in the property market, the appreciation rate of buying gold with 1, yuan in 198 is relatively low, and it is not cost-effective to buy gold since the past 38 years, and the return on investment is far lower than many investment and wealth management products.