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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

mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
in Precious Metals
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

VIDEO


Coin's for sale/trade.


Tom Pilitowski
US Rare Coin Investments
800-624-1870

Comments

  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    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).

    image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • s4nys4ny Posts: 1,569 ✭✭✭
    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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