Income in gold

>The median household income in the 1950s (around 1950) was approximately $3,300 per year. The price of gold in 1950 was around $34.72 per ounce.
>gold income: 95.1 ounces
>The median household income in the U.S. in 2023 is about $75,000. The current price of gold is approximately $1,900 per ounce.
>gold income today: 39.5 oz

>Therefore, we make approximately 55.6 ounces of gold less per year today compared to the 1950s, in terms of the U.S. median household income.

>Summary: The purchasing power of the average household has decreased significantly in terms of gold, as wages today are only about 41% of what they were in the 1950s when measured in gold ounces.

Cost of House and Car in Gold

House
>1950s: 216.7 ounces of gold
>today: 210.5 oz

Car
>1950s: 43.2 oz
>today: 25.3 oz

>Homes: The cost of homes in gold terms has decreased by about 3%.

>Cars: The cost of cars in gold terms has decreased by about 41%.

>While wages have drastically decreased in terms of gold (as discussed earlier), the costs of homes and cars in gold terms have either stayed relatively the same or decreased. This suggests that the cost of goods and assets like homes and cars has not kept pace with the decrease in wages when measured in gold, indicating a significant erosion in purchasing power in terms of real assets, especially in comparison to wages.

>Thus, while houses and cars might seem like they still cost a similar amount in terms of USD, they have actually become much more affordable in terms of gold. The problem is that the average person's income (in gold) has dropped considerably, making it harder to afford these items despite their cost in USD seemingly remaining stable.

I fucking knew it! The price of most assets got cheaper due to tech, so everything should be more affordable, not harder to get. We're being fucking robbed on fiat.

in 1950 it was illegal to own gold

>>511002812
>Before 1933, the average home price was 242.5 ounces of gold at the fixed price of $20.67 per ounce.

>After 1933, the home price, using the new gold price of $35 per ounce, would be 142.9 ounces of gold.

>The revaluation of gold in 1933 (from $20.67 to $35) effectively meant that the purchasing power of the dollar was reduced by roughly 40%. This had a profound effect on the prices of goods, as well as the standard of living for Americans.

>In terms of gold, the price of things like homes and cars dropped because the value of the dollar was devalued, and people could acquire more goods (like homes and cars) for the same amount of gold.

Doesnt paint a good picture either way.

>>511002652 (OP)
okay now do the same analysis but with bitcoin

>>511002812
So what? The dollar was backed by it.

>>511004302

>>511002652 (OP)
I'm truly baffled why the fiat scam is not really talked about IRL. Is essentially the MAIN problem on modern economy today in the ENTIRE world.

>>511004507
Cause most people are kept in the dark about it. From school and all the way to public issues. When's the last time you saw a soccer mom go complain to the board or a politician about the federal reserve or about any fundamental issue regarding fiat? Never. They'll complain prices are going up but they never can pinpoint why.

>>511002652 (OP)
The price is over $3400 an oz.

>>511004673
Doesn't change the numbers too much. It's still the same conclusion.

>>511004755
All of your numbers are fucked up and retarded, 10 kilos of gold for an average house are you out of your fucking mind

>>511005003
Good point. I didnt realize it didnt use the correct price. What the fuck

>Home Price (before 1933): 242.5 ounces of gold

>Home Price (after 1933): 142.9 ounces of gold

>Change: The price of a home in gold terms decreased by about 99.6 ounces of gold, or approximately 41%.
>Car Price (before 1933): 29 ounces of gold
>Car Price (after 1933): 17.1 ounces of gold
>Change: The price of a car in gold terms decreased by about 11.9 ounces of gold, or about 41%.
>Homes and cars both became cheaper in terms of gold after the price of gold was raised in 1933.

>The price of a home decreased by approximately 41% in gold terms.

>The price of a car also decreased by approximately 41% in gold terms.

>This analysis shows how the devaluation of the dollar, via the revaluation of gold, made goods like homes and cars appear significantly cheaper in terms of gold. Even though the nominal dollar price stayed roughly the same, the value of gold relative to the dollar increased, making goods more affordable in gold terms.

>>511005003
>>511005284
it's keeping in the range of 41%

okay
now express annual income in bushels of wheat, hog bellies, barrels of oil, and grams of americium 241

>>511005389
I'll give you in silver instead

>Home Price (Before 1933): 20,000 ounces of silver
>Home Price (After 1933): 10,000 ounces of silver
>Home Price (Current): 131.58 ounces of silver
>Change from Before 1933 to Current: The price of a home in silver terms has decreased from 20,000 ounces to 131.58 ounces, a decrease of 99.3%.
>Car Price (Before 1933): 2,400 ounces of silver
>Car Price (After 1933): 1,200 ounces of silver
>Car Price (Current): 15.79 ounces of silver
>Change from Before 1933 to Current: The price of a car in silver terms has decreased from 2,400 ounces to 15.79 ounces, a decrease of 99.3%.

>Homes and cars have become much cheaper in terms of silver due to the significant increase in the price of silver from $0.25 per ounce (before 1933) to $38 per ounce (current price).

>The price of a home decreased by about 99.3% in silver terms.

>The price of a car also decreased by about 99.3% in silver terms.

>This shows how the substantial increase in silver's value relative to the dollar made these goods much more affordable when measured in silver.

>>511005517
And here's a more funny scenario if silver's true price was discovered:

>There are multiple ways to estimate the theoretical price of silver if it were not artificially suppressed or kept low. Based on these different methodologies, we can conclude that:

>If silver were to return to the historical gold-to-silver ratio (15:1), it could be valued at approximately $227.5 per ounce.

>If silver’s price were based on its increased industrial demand, its price could range much higher, depending on how much demand increases.
>If silver were to reflect its market cap parity with gold, its price could be around $400 per ounce.

>These are rough theoretical estimates, and the actual price would depend on various factors like economic conditions, investor demand, industrial needs, and the amount of market manipulation (if any).

>>511005732
2/2

House/ Car with theorectical adjustment

>Home Prices in Ounces of Silver
>Before 1933: 20,000 ounces of silver
>After 1933: 10,000 ounces of silver
>Current Theoretical Price of Silver ($227.5 per ounce): 22 ounces of silver
>Current Theoretical Price of Silver ($400 per ounce): 12.5 ounces of silver

>Car Prices in Ounces of Silver

>Before 1933: 2,400 ounces of silver
>After 1933: 1,200 ounces of silver
>Current Theoretical Price of Silver ($227.5 per ounce): 2.64 ounces of silver
>Current Theoretical Price of Silver ($400 per ounce): 1.5 ounces of silver

> Homes:

>In terms of silver, the price of homes has decreased significantly over time:

>From 20,000 ounces before 1933 to 12.5 ounces at the theoretical price of silver at $400 per ounce, a 99.9% reduction.

>The current theoretical silver price at $227.5 per ounce would make a home cost only 22 ounces of silver, still a drastic reduction.

>Cars:
>Similarly, cars have also become much cheaper in terms of silver:

>From 2,400 ounces before 1933 to 1.5 ounces at the theoretical price of silver at $400 per ounce, a 99.9% reduction.

>The current theoretical silver price at $227.5 per ounce would make a car cost just 2.64 ounces of silver, another dramatic decrease.

>Thus, both homes and cars would be significantly cheaper in terms of silver at the theoretical price of silver compared to historical values.

>>511004302
>okay now do the same analysis but with bitcoin
First, show us a real bitcoin.

>>511005517
>more meme metals
okay how about oil

a barrel of oil in the 1965s was $2
now it fluctuates between $60 and $100, so let's call it $80 in 2025. So a barrel of oil costs 40x more in dollars now than it did in the 60s.

What was the median family income in 1965? Google says $7000. Today it is $75000. That's 10x.

So oil has gone up 40x while wages have only gone up 10x.

Now do this for wheat, corn, copper, and ten other commodities, and then take the average. it would be better than just using gold.

>>511006145
sure whatever. but it'll be all roughly the same as far as the comparison of purchasing power vs real assets.