Eric Sullivan
@ericrypto
Founding Director of Siplyhomes.org. a nonprofit home builder looking to #rebuildWNC
ID: 947538371164983297
31-12-2017 18:42:06
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BTC Hard Charger skum🧊 In July 1971, US federal min wage was $1.60/hr ($64/week at 40 hrs). Gold traded ~$40.20/oz, so that bought ~1.59 oz of gold per week. Today (gold ~$5,020/oz), same gold purchasing power equals ~$8,000/week or $200/hr. That's the direct gold-measured equivalent.