Oscars Debacle – Movies More Costly As US Dollar Devalued

Cost of Best Picture winners show very significant devaluation of the dollar Average cost to make an Oscar winning film is over $43 million – in gold terms, this is over 106,000 ounces Four $15 million films show nearly 100% difference when priced in gold ounces Oscar fiasco was courtesy of error by accountants PWC Whilst the price of the films remained the same, the cost in gold ounces fell from 11.53% of the cost to make the Departed, in 2009 to just 6.4% in 2012 In an error prone, irrational and volatile world, gold retains value over time …

First published here: Oscars Debacle – Movies More Costly As US Dollar Devalued