In some system gold value has a belief to rate the change of monetary inflation over the years.
With that said, when gold was close to $20 a ounce in the beginning of the 20th century is it safe to compare natural pearl prices with current gold value of near $1200 a ounce today.
An example would be if a natural pearl in 1970 was valued at $5000. If a ounce of gold in 1970 was $37, it equals to roughly 135 ounces of gold. With the price of gold near $1200 today, 135 ounces would equal to $160,000. To keep it simple, lets leave out the variables such as what a buyer pays, quality degrading over years, and leave it to estimate a fair market value from a historic price.
With that said, when gold was close to $20 a ounce in the beginning of the 20th century is it safe to compare natural pearl prices with current gold value of near $1200 a ounce today.
An example would be if a natural pearl in 1970 was valued at $5000. If a ounce of gold in 1970 was $37, it equals to roughly 135 ounces of gold. With the price of gold near $1200 today, 135 ounces would equal to $160,000. To keep it simple, lets leave out the variables such as what a buyer pays, quality degrading over years, and leave it to estimate a fair market value from a historic price.
