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 ๐ช @Peace K ๐ช 1771340757 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.