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A straight comparison with one single precious metal? Probably because by that straight comparison, that $200 would have been $120 just two years ago. Maybe next year it'll be $100. The price of gold bounces all over the place depending on political conditions and dozens of other factors.
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[–] everef ago
3.75/hour in 1915?
[–] Unreasonable 3 points -3 points 0 points (+0|-3) ago
1974 gold was $35/oz. At $3.50/hr you earn the purchasing power of 3g/gold per hour.
Today to earn the same, you'd have to earn about $200/hr.
Boomers hate hearing that.
They talk about a basket of goods.
Why not a straight comparison?
[–] everef 1 point 2 points 3 points (+3|-1) ago
A straight comparison with one single precious metal? Probably because by that straight comparison, that $200 would have been $120 just two years ago. Maybe next year it'll be $100. The price of gold bounces all over the place depending on political conditions and dozens of other factors.