Russia confirms that they are launching a BRICS currency backed by #gold. The US dollar is in trouble
(twitter.com)
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I was wondering what preserves the value (vale of one commodity vs the other) and came up with these thoughts:
Gold
The amount of gold in circulation remains almost constant.
Small amount of new gold is added to circulation every year through gold mining, but it’s a small % of the total already existing.
The existing gold retains its function for many years.
Real estates
The number of flats/houses in use remains almost constant.
Small number of new flats/houses is added to the market every year through construction but it’s a small % of the total already existing.
The existing flats/houses retain their function for dozens of years.
Real Estate to Gold Ratio:
https://www.longtermtrends.net/real-estate-gold-ratio/