I have seen 100g gold bars available for US$10k, so you would have US$100k worth of gold.
In the wealthiest countries that’s about 4x the median annual income, so 4 years worth of wages. In the poorest countries it’s about 250 years worth of wages. This is simplistic math that does not account for purchasing power parity or other variables. But it’s safe to say this would be a massive amount of money for most of the people on earth. It would not only change the individual’s life, but would give them the ability to alter the trajectory of their children’s and grandchildren’s lives for the better.
According to the page, that’s using an imaginary unit called “international dollars” (which I just learned exists), which is used for comparing countries’ economies. It doesn’t reflect the real amount in US dollars. In US dollars the median US salary is just under $60,000. https://www.bls.gov/news.release/pdf/wkyeng.pdf
I have seen 100g gold bars available for US$10k, so you would have US$100k worth of gold.
In the wealthiest countries that’s about 4x the median annual income, so 4 years worth of wages. In the poorest countries it’s about 250 years worth of wages. This is simplistic math that does not account for purchasing power parity or other variables. But it’s safe to say this would be a massive amount of money for most of the people on earth. It would not only change the individual’s life, but would give them the ability to alter the trajectory of their children’s and grandchildren’s lives for the better.
https://worldpopulationreview.com/country-rankings/median-income-by-country
According to the page, that’s using an imaginary unit called “international dollars” (which I just learned exists), which is used for comparing countries’ economies. It doesn’t reflect the real amount in US dollars. In US dollars the median US salary is just under $60,000. https://www.bls.gov/news.release/pdf/wkyeng.pdf
That’s really interesting. I saw the term “international dollar” but glossed right over it.
1kg of gold would fuck up so many of the world populations people, much like the lottery