Gold is the best hedge against inflation 100 years ago, 100 years later

There is no doubt that gold is still the preferred precious metal to hedge against inflation. Gold has the same.

Gold is the best hedge against inflation 100 years ago, 100 years later
There is no doubt that gold is still the preferred precious metal to hedge against inflation. Gold has the same purchasing power as it has in the past 100 years. If an American held $20 gold coins or $20 banknotes in 1910 (at this time, dollars and gold can be exchanged), he could use gold coins or $20 banknotes to pay for the hotel accommodation in New York Square, change a new suit and enjoy steak dinner. But today, the same $20 is hard to pay for a steak dinner. Now an ounce of gold is worth about $1900. For $1900 today, an American can still stay at the New York Plaza Hotel for one night, buy a new suit and enjoy a steak dinner. In other words, the purchasing power of gold has not changed in the past 100 years; However, as