198 happened to be the second year of reform and opening up. At that time, there were not many people who could have a deposit of 1, yuan. Everyone's general wage income was between 2 yuan and 5 yuan. Having a deposit of 1, yuan can be called a "ten thousand yuan household", which is an obvious sign of the rich. If you used this 1 thousand yuan to buy gold at that time, how much would it be worth now?
in p>198, influenced by the international situation, the price of gold fluctuated greatly. as can be seen from the following figure, the highest price reached 85 USD/ounce, and the lowest was only 481.5 USD/ounce, with the annual average price of 612 USD/ounce. Let's calculate by the average price, so one gram of gold is almost equal to 19.68 US dollars, and the exchange rate of RMB to US dollars in that year was 1:1.49, so one gram of gold is almost equal to 29.32 RMB, and 1, yuan can buy 341 grams of gold at that time.
In p>219, influenced by the international environment and the interest rate cut by the Federal Reserve, the trend of gold this year is rising. At present, the international gold price has exceeded $1,5 per ounce, which has increased by more than 17% year-to-date. You should know that the price of $1,5 per ounce last appeared on April 12, 213. According to the calculation of $1,5/ounce, one gram of gold now costs almost $48.23. At the current exchange rate of 1:7, one gram of gold is almost equal to 337.6 yuan, and the 341 grams of gold in our hand is almost worth 115,125 yuan.
that is to say, from 198, we spent 1, yuan to buy gold, and now the value is only about 11, yuan, which has increased 11 times in 39 years, and the annualized rate of return is almost 6.47%, which can only be said to be neither high nor low. What if I had put this 1 thousand yuan in the bank? From the chart below, we can see that the average rate of return in these 39 years is almost the same as buying gold, and neither can beat inflation.
on the surface, we seem to have made a profit by investing 1, yuan in gold, and now it's worth 11, yuan. But if we think about the purchasing power of 1, yuan in 198 and 1, yuan now, it's totally different.
Tell a story that everyone may have heard. A man used to have a quadrangle in Beijing. After selling tens of thousands of yuan, he went to work abroad. He worked hard for decades and earned millions. He wanted to go back to Beijing to support his old age, but the original quadrangle was worth over 1 million yuan. From this, we can also see that buying gold and putting money in the bank are not the best ways to manage money.
in 198, if we invested this 1, yuan in real estate or went to the sea for business, the success rate was quite high in terms of the entrepreneurial environment at that time, and our personal assets may have doubled by hundreds. Of course, everything we talk about now is an afterthought, because we look at the past history from the present perspective. If we were in the environment at that time, most people would still choose to deposit in the bank. Just as we look at ourselves now after decades, we will scold ourselves for being so stupid and why we didn't invest in this investment that year, so our personal vision and pattern are very important.