you are viewing a single comment's thread
view the rest of the comments
[–] 2 points 1 week ago* (last edited 1 week ago)

Gross earnings for the whole year bought in gold at that same year as a reference. An ounce of gold was $35 in the same time period. That's 89 ounces of gold at $1.5/hr working 40 hours a week.

And yes, I know the US went off the gold standard which made the ratio of dollars to gold go haywire. What's interesting is whatever amount of gold it took to buy a house in 1970 is roughly what you needed to buy it before gold prices skyrocketed recently.

A person in Canada making a 6-figure income today is earning a minimum of 17.55 ounces of gold in gross income

  • source
  • parent