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Gold suitably undervalued
“The price of a fine suit of men’s clothes,” says the U.S. Geological Survey, “can be used to show anyone who is not familiar with the price history of gold just how very cheap gold is today. With an ounce of gold, a man could buy a fine suit of clothes in the time of Shakespeare, in that of Beethoven and Jefferson, and in the depression of the 1930s.”
So where do we stand in 2019 with respect to The Quality Man’s Attire-Gold Ratio? At Brooks Brothers a top quality, off-the-rack suit ranges between $2625 and $3122 without a vest. Brooks Brothers does carry a less expensive suit at about $1250, but the ratio requires a top (not lower or middle) quality man’s suit. On London’s Saville Row – the standard for quality men’s attire – a hand-tailored men’s suit ranges in price from £3500 ($4620) at Huntsman to £4950 ($6534) at Kilgour (as published in Gentleman’s Quarterly). By any of those measures, gold at $1400 per ounce is suitably undervalued.
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