Oddbean new post about login | logout We are early. Don’t lose hope and, importantly, keep building and supporting #Bitcoin circular economies.
I have hope https://m.primal.net/LBoP.jpg
Better to base hope on systems of individual sovereignty than figureheads
Totally true
Anyway, these guys give me more hope than the ones before.
I guess I need to create another identity for my business so I can support more circular economies. ? I find it takes time to switch between profiles etc.
🫡
It’s been a tough few months, especially with gold reaching all time highs on a daily basis.
I hear you. Remember that it takes time to build out a new decentralized, secure, permissionless monetary and financial network for the world. Patient hodlers and builders will be rewarded in due time.
Year | Gold Price (USD/oz) | S&P 500 Index | Gold/S&P 500 Ratio 1973 | 97.32 | 92.15 | 1.055 1974 | 158.96 | 68.56 | 2.318 1975 | 176.95 | 90.19 | 1.963 1976 | 124.74 | 107.46 | 1.160 1977 | 148.95 | 95.10 | 1.567 1978 | 193.40 | 96.11 | 2.013 1979 | 307.50 | 111.27 | 2.764 1980 | 850.00 | 108.56 | 7.829 1981 | 599.25 | 122.55 | 4.893 1982 | 376.75 | 140.64 | 2.678 1983 | 423.75 | 164.93 | 2.573 1984 | 293.25 | 167.24 | 1.754 1985 | 293.95 | 211.28 | 1.391 1986 | 390.90 | 242.17 | 1.613 1987 | 486.50 | 247.08 | 1.971 1988 | 437.35 | 277.72 | 1.576 1989 | 383.95 | 353.40 | 1.087 1990 | 386.75 | 330.22 | 1.173 1991 | 362.90 | 376.18 | 0.966 1992 | 343.80 | 415.74 | 0.828 1993 | 391.75 | 466.45 | 0.840 1994 | 384.95 | 459.27 | 0.839 1995 | 387.95 | 615.93 | 0.630 1996 | 387.25 | 740.74 | 0.523 1997 | 290.25 | 970.43 | 0.299 1998 | 294.95 | 1229.23 | 0.240 1999 | 253.20 | 1469.25 | 0.173 2000 | 279.10 | 1320.28 | 0.211 2001 | 276.50 | 1148.08 | 0.241 2002 | 347.20 | 879.82 | 0.395 2003 | 416.25 | 1111.92 | 0.374 2004 | 435.60 | 1211.92 | 0.360 2005 | 444.45 | 1248.29 | 0.356 2006 | 603.65 | 1418.30 | 0.426 2007 | 833.75 | 1478.49 | 0.564 2008 | 869.75 | 903.25 | 0.963 2009 | 974.50 | 1115.90 | 0.874 2010 | 1429.95 | 1271.87 | 1.125 2011 | 1895.75 | 1257.60 | 1.508 2012 | 1663.70 | 1426.19 | 1.166 2013 | 1204.50 | 1848.36 | 0.652 2014 | 1159.96 | 2058.90 | 0.563 2015 | 1046.20 | 2043.94 | 0.512 2016 | 1298.30 | 2238.83 | 0.580 2017 | 1295.65 | 2673.61 | 0.485 2018 | 1288.40 | 2513.37 | 0.513 2019 | 1483.90 | 3230.74 | 0.459 2020 | 1897.60 | 3733.04 | 0.508 2021 | 1823.20 | 4766.18 | 0.383 2022 | 1644.80 | 3845.59 | 0.428 2023 | 1935.80 | 4121.43 | 0.469
