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The Power to Create Money: In 1971, the average new home was $25,000 or 714 oz of gold. Today, it is

The Power to Create Money: In 1971, the average new home was $25,000 or 714 oz of gold. Today, it is $256,900 or 174 oz of gold

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Comments

  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    Using real inflation (shadowstats.com) calculations, equities are actually right about where they were in 1963. Appears to be quite obvious which is the better inflation hedge. (Que the local anti-gold committee).

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    The decline from democracy to tyranny is both a natural and inevitable one.

  • s4nys4ny Posts: 1,562 ✭✭✭
    The "average" new home in 2013 is larger and has a lot more features. Two car and more
    likely a 3 car garage just as an example.

    US citizens were not allowed to own gold bullion in 1971.
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