Thought I would try doing a quick study kgs gold to house prices. Very brief and not confirmed but based on this article
https://www.oneroof.co.nz/news/ashle...ed-to-be-36862
https://www.qv.co.nz/price-index/
https://goldprice.org/
1966 average house price $8,400
2017 average house price $526,000 Gold per kg NZD $54,094 (roughly)
2023 average house price $920,366 Gold per kg NZD $100,000(roughly)
If my maths is correct 9.72kgs of gold to buy the average house in 2017 and 9.2kgs in 2023. Sadly 1966 best I could find is gold $35.13USD oz. I would need the USD NZD exchange rate then convert to kgs NZD. Maybe someone could help me with that one. History in the online financial world seems to stop in the 1990s.
Anyway the conclusion from such a tiny example is that gold has done what it is supposed to do. Hold its value. I would note that $NZ to house prices nearly halved in just six years and this trend could be accelerating with weak central bankers. Gold to house prices improved a bit. Not exactly a scientific study but would be interesting to see how many kgs of gold in $NZD to buy a house in 1966.
Have not done comparison with bitcoin but based on how bitcoin has taken off maybe a lot better than gold but much more volatile. Also still questionable if supply is constrained like other digital currencies. Only takes a few strokes on the keyboard.