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The U.S dollar keep falling in values.
Or gold is in a massive bubble
Of course it is.
Trump is not going to count all the gold in the reserve as he claimed. That would show how little actual, physical gold is available.
Do you really think the etfs that are driving the gold price have the gold either?
Just because I didn't mention all the paper gold doesn't mean I don't know about it.
Of course that is also contributing to the bubble.
True but I think gold bugs often use the lack of reserve gold as a bullish driver
Recently, ny favorite way to display this information is in hours worked to get an oz of gold. Since time is scarce, it seems to be more effective.
Whoa
Source?
Where does this come from? I mean, it looks plausible (e.g. compared to )
Goldpreis – Wikipedia
What happened from 65 to 75? 🤨
1971. Went off the gold standard and gold was revalued.
Great Scott! Precisely 😉
Www.wtfhappenedin1971.com
Fuck
Worst time in a century for a median family
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This! I have been saying this for years and people kept looking at me like I'm some weird, backwards, nostalgic, lunatic longing to live in his grandparents' time.
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POWERFUL CHART
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Theft hidden in plain sight, only for those who can see
Economical collapse in the last 20 years
Oof💀
God damn
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I see a trend
Yeahhhhh
powerful.
I need a source for this. It appears to be different from what I can find
While I can confirm the median income is accurate for 1955 with the data I can find. However it appears that the gold rate exchange would make 4400 in gold from 1955 at $35.15/oz would be valued at $288000 today
Great table. People think they earn more but actually they’re suffering day after day and don’t realize it.
And they thought their suffering is due to immigrants or politics. So they are always fighting the wrong fight. When people can wake up from it?
Maybe it’s not my problem. I have escaped because I switch to bitcoin.
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Someone remind me what's the purpose of gold.
It was the only decentralized currency in its heyday
Looks like price stability wasn't one of gold's strengths.
And I am on SS and have two adult kids living on my income of $26,000.00 per an....we truly are just barely eeking by.
Seeing this chart is so sad… Thanks god for Bitcoin 🙏
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Wtf happened in the 70s 😉
Human capital lookin cheap. Time to buy.
what a way to steal millions of people their own energy and soul.
Always humbling to zoom out
Gm nostr,
I think a lot of people fear loosing their job to AI because they think getting a blue collar job won't pay their bills, meanwhile plumbers and electricians be making 740k a year in 1965.
I don't think we're even close to imagining how prosperous the world could be on a bitcoin standard.
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This also explains why so many idolize the 90s
Dissonanced Cognativity
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