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Economista Austriaco · 17h
1971: -Gold was $43/oz -Average hourly wage was $3.70 -Time needed to buy one oz of gold: 11.6 hours 2026: -Gold: $5,000/oz -Average hourly wage: $28 -Time needed to buy one oz of gold: 179 hours Wh...
Peace K ๐Ÿช™ profile picture
This data point only tells you that gold becaimore expensive, it doesn't tell you if the general cost of living became more expensive. For that you will need to create a basket of goods and compare between the two dates.
Jerome Powell 21iQ 40TPW · 9h
Gold is no more valuable today than at any time in history. There are temporary fluctuations, but over the long term it's tracking relative monetary debasement.