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[–] Unreasonable 3 points -3 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|-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.

[–] Nukeisrael 1 point 2 points (+3|-1) ago 

He’s retarded. I know boomers had it easier but I’ve already argued with this idiot. He converts literally everything through gold and not purchasing power. Ignore him.

[–] Unreasonable ago 

No it doesn't.

Beeg pretty much an upward trajectory since bretton woods