D.he question of whether an investment in gold is worthwhile divides investors. Some complain that gold does not pay dividends, while others emphasize its function as a means of maintaining value. To support the latter, the good tunic is used. A good tunic is said to have been available in ancient Rome for an ounce of gold (around 31.1 grams). A similar amount should be estimated for a good made-to-measure suit today, around 1,600 euros currently.
This argument is not really convincing. An ounce of gold was the same as it is today 2,000 years ago. However, what makes a good tunic was probably just as controversial back then as it is today with a tailored suit. Not only when it comes to the cut and material, but also when it comes to a reasonable price, opinions can be as far apart as Donald Trump and Joe Biden when it comes to the appropriate cost of a successful hairstyle. If the suit buyer determines his body measurements himself and enters them online, he can get away with less than 300 euros or 5.8 grams of gold. The Cologne tailor Sebastian Hoofs, on the other hand, meticulously calculates that even two gold ounces are not enough: The production costs are 3840 euros, plus 300 to 750 euros for outer and lining materials, interlinings, buttons and yarn. Clothing is simply unsuitable as a reference product due to the lack of generally applicable standards. In the course of the last 2000 years tunics or bespoke suits for one ounce of gold have always been available at the respective gold exchange rate – but in varying quality and fashionable topicality.