Originally Posted by 1 old 0311
In the early 1900's when gold was $20 a ounce that was about 1/2 weeks pay. Till a few years ago gold was $200 also 1/2 weeks pay. Today, at $1374 it is obviously way past that.
But there you are comparing something steady/constant (gold) to the USD. I mean I see what you're saying but I'm saying if you take the USD out of the equation and just return to PM's for currency.
It is interesting to think about though. There's a video on youtube where someone took the average weekly paycheck and showed how much silver you could have bought with it. Sometimes it was PILES of silver, right now, it's a few pieces. But still worth looking at!