/biz/ - Business & Finance

File: 6 KB, 250x210, 1588261610518.jpg [View same] [iqdb] [saucenao] [google]

Anonymous Tue May 5 09:49:51 2020 No.18880991 [Reply] [Original]

1965 minimum wage 1.25/hour
1965 gold price $35 per troy ounce
40 work hours a week x 50 work weeks a year = 2000 working hours per year
2000 working hours x $1.25 minimum wage = $2500 annual salary
$2500 salary / $35 per troy ounce gold = 71 ounces of gold

If you wanted to buy a one troy ounce American Gold Eagle coin right now it would cost you $1850. If you could buy at spot price, the dollar value of that 1965 yearly salary would only buy 1.5 ounces of gold.

If you had 71 ounces of gold right now at spot price would have $121,000 which more than I made as a software developer last year.

>>	Anonymous Tue May 5 09:56:20 2020 No.18881127 File: 152 KB, 440x448, 98EB4929-63EE-464D-8867-299E1D313F63.png [View same] [iqdb] [saucenao] [google] >>18880991 Dude TVs were so expensive back then that’s why there’s no inflation.

>>	Anonymous Tue May 5 09:56:46 2020 No.18881137 >>18880991 Aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]