Why has the price of jade increased 200 times in 30 years?

In 1990, if one person bought a house and another bought a high-quality bracelet, who made more money now?

Let's use Beijing, the most representative city, as an example of housing prices. 30 years ago, the average housing price in Beijing was 2,000 yuan per square meter, and you could buy a 100-square-meter house for 200,000 yuan. Now the average house price in Beijing is 60,000 yuan per square meter. The housing price at that time is now worth 6 million yuan, a 30-fold increase in 30 years (we are temporarily ignoring factors such as the age of second-hand houses).

What if you buy a high-quality bracelet? In 1990, the price of a good quality ice-type green flower bracelet on the market was about 1,000 yuan, and you could buy 200 bracelets for 200,000 yuan. But now, the same ice-type green flower bracelet costs 200,000 yuan, and the 200 bracelets you bought can be sold for at least 40 million yuan!

I often hear people around me say that if they bought a house 10 or 20 years ago, they would have made a fortune now. From a long-term perspective of several decades, the returns from investing in mid- to high-end bracelets far exceed those from investing in real estate.

However, many people do not look at prices from an investment perspective. On the Internet, we often see a view complaining that jade has been hyped up to sky-high prices compared to 20 or 30 years ago. This type of view actually sets the price anchor at 20 or 30 years ago. They think that the price of jade should be a few hundred yuan, and good jade should be capped at a few thousand yuan. They don’t think about it, if there are really stores selling high-quality ice green jade for a few thousand yuan, how long would the queues to buy the jade be? Even at this price, we can't get this product...

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