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Umm.. No. An ounce of gold is traditionally viewed as a months wages. And it hasn't changed much but there are some fluctuations. Interest rates and inflation
by tnuc 13y ago
Umm.. No.
An ounce of gold is traditionally viewed as a months wages. And it hasn't changed much but there are some fluctuations.
Interest rates and inflation are artificial constructs that are fiddled with to screw you out of your money.
- jessaustin 13y agoI wasn't alive back then, but I think most full-time workers in USA made more than $40/month in 1969.
- asmithmd1 13y agoIn 1969 my father supported 2 kids and a wife that did not work, owned a house and ONE car on $100 a week. I think $100 a week in 1969 is roughly equal to $125k per year.
- JosephHatfield 13y agoAccording to the U.S. Census, the average household monthly income in 1969 was about $700 a month.