Mashable has created an infographic depicting how much $1 would buy you in the past as compared to what it can buy you in 2014. The introduction reminds us that “The dollar ain’t quite what it used to be.” For example, $1 in 1913 could be used to purchase 4 lbs. of sirloin steak, while today $1 can only buy you 0.18 lbs. To see this phenomenon applied to gold, check out American Bullion’s previous blog Celebrity Investments: What If These 10 Celebs Had Purchased Gold? Protection of purchasing power is one reason investors turn to gold to preserve their wealth.
See more examples in the full infographic:
If you’d like to convert your retirement portfolio from paper-based assets to physical gold or other precious metals, call American Bullion today at 1-800-326-9598 and ask to speak with a specialist about opening a Gold IRA.