People are constantly complaining about rising college prices and the ludicrous amounts people spend on school, yet if it is calculated through the value of gold, college costs have not fluctuated as much as expected.
While the average price of college has generally risen, it’s not as much as you might think. If you were to attend Yale in 1932 it would cost $1,056 a year. This sounds incredibly cheap compared to the $48,622 you would pay today, yet the cost in gold is the same.
$1,056 back in 1932 would get you 1,585 grams of gold, which is the exact same amount you would get today for $48,622! What does this mean?
It is a certainty that college prices will continue to climb over the next ten years, yet because of the fluctuating value of the dollar, if you were to theoretically pay using only gold, your college costs would be much cheaper!