that the cost of higher education might be a good store of value against which to measure the progress of gold. As the passport to career success (although not for entrepreneurs) in the developed world, higher education does seem a pretty good indicator.
figures were roughly similar in 1971 when the US went off the gold standard; the higher education index was at 42.1 while gold was $40.62 an ounce. Since then, the higher education index has risen sevenfold while gold has risen almost 36-fold. On that basis, gold looks very overvalued.
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