But what’s the point in having an extra conversion? Like this would take extra effort and need to regularly be updated as the price of gold vs the local currency changes so there would have to be some advantage. Like having the price change over time is annoying but because your income and expenses are both tied to the same thing ideally it shouldn’t cause any thinking (it hasn’t because income hasn’t kept up with inflation)
But what’s the point in having an extra conversion? Like this would take extra effort and need to regularly be updated as the price of gold vs the local currency changes so there would have to be some advantage. Like having the price change over time is annoying but because your income and expenses are both tied to the same thing ideally it shouldn’t cause any thinking (it hasn’t because income hasn’t kept up with inflation)