minimum wage in 1970 >$1.50minimum wage in 2025>$7.50 - 15 gold price per troy ounce in 1970 >$362025>$3,500 36/1.50 = 24 hours of work to afford one ounce of gold3500/15 = 233 hours of work to afford one ounce of gold.People were making x100 more money in 1970.You work more for less money. Why?
>>518713610The dollar has held its value well in terms of brass
>People were making x100 more money in 1970.this is a massive redpill that could cause normies to seethe and riot. it should be spread
>>518713610>Why?5 billion new shitskins constantly imported do destroy your wages, increase food and housing expenses and buying small amounts of gold too. Immigration and Nationality Act of 1965 - implemented all over white countries at various times.
the dollar was not worth that much then insteadit had been debased prior via money printing
>>518715991gold should be extremely cheap due to advanced mining technology, im pretty sure mining in 1920 was harder than today
>>518713610>People were making x100 more money in 1970.10x you normgroided retardcel!If you have tired of these low IQ low effort b8 threads, join us at (picrel)/f/ today!
>>518713610Literally nobody makes 7.50 per hour in the US.
Elon Musk has 500 billion USD. If he divided his money by the human population of 8 billion, we could each have 1 billion dollars and he'd still have 492 billion remaining.Why is Elon Musk so greedy?
>>518718403No, he doesn't have that in cash, retard. That's only if he sold all of his Tesla stock.
>>518716736demand has also increased, industrial and investment. more easily mined reserves become depleted over time as well, the gold rush for example.
