are y'all better off than you were 4 years ago ?

[hemet dennis]

Next you will compare the price of a 1800s buggy with 2012 Porsche.So you would have us all driving buggies ? The $400 TV is the $2K Mac book pro today. You cant compare a TV then an a TV now. Food, housing, land, pay all can be compared but using a new innovation to compared to its self years later is no where near accurate when rating monetary power.

An that chart is accurate.




FYI, using your $ standard, a last price I saw on a space rock was $6K for a bolder. an about $45 for a pebble.

So a round steak is different now ?
Like I said one person can still support a family in 1960's standard of living. Your chart by it self is meaningless. It shows the price for a standard of living that no one wants to go back to. How does it show we would be better on a gold standard ? Most people want to move ahead and not back.

 

[hemet dennis]

The Black line in that chart is real, I have seen that representation before and to the best of my knowledge its accurate. However, just a little thought will clearly show you that the red line cant possibly be correct.

Look at what it actually says, there is absolutely no possible way that adjusted to 2011 monetary values that 1980 would be that high. In the three years from 1977 to 1980 the purchasing power of gold went from $400 ounce to $2466. So according to the chart $130 was equivalent to $400 in 2011 and just three years later $850 was equivalent to $2466. Then in a year the price of gold goes up $200 while the equivalent buying power drops $1066 over night. That's absurd. The cost of goods would have had to have dropped to ridiculous lows for that to even be remotely true, then they would have had to have rocketed up in price an obscene amount. That would be like going to the store for a can of soda at 50 cents, then having it cost 3 cents a year later, then find it costing 3 dollars the year after that.

That's absurd

Regardless of any other argument you could nit pick on this chart, there is no possible way that gold in 1980 had $766 more purchasing power than it does now, 32 years later.

In 1980

[FONT=Arial, Helvetica, sans-serif]Cost of a new home: [/FONT]​

[FONT=Arial, Helvetica, sans-serif]$76,400.00 [/FONT]

[FONT=Arial, Helvetica, sans-serif]Cost of a new car: [/FONT]​

[FONT=Arial, Helvetica, sans-serif]$ 7,210.00[/FONT]

[FONT=Arial, Helvetica, sans-serif]Median Household Income: [/FONT]​

[FONT=Arial, Helvetica, sans-serif]$17,710.00 [/FONT]

[FONT=Arial, Helvetica, sans-serif]Cost of a first-class stamp: [/FONT]​

[FONT=Arial, Helvetica, sans-serif]$0.15 [/FONT]

[FONT=Arial, Helvetica, sans-serif]Cost of a gallon of regular gas: [/FONT]​

[FONT=Arial, Helvetica, sans-serif]$1.25 [/FONT]

[FONT=Arial, Helvetica, sans-serif]Cost of a dozen eggs: [/FONT]​

[FONT=Arial, Helvetica, sans-serif]$0.91 [/FONT]

[FONT=Arial, Helvetica, sans-serif]Cost of a gallon of Milk: [/FONT]​

[FONT=Arial, Helvetica, sans-serif]$1.80 [/FONT]​

If I could have I would have deleted the red line I don't know how they figure that part. If you noticed it was a short lived spike so it wouldn't have even had time to effect prices because we weren't on a gold standard.
If you want the price of a first class stamp to go back to $0.15 then we need to get rid of E-Mail. And if you want to go back to all these prices you will have to lower the average income back to about $19,000 a year from about $43,000 now.

 

[rebelcowboysnb]

I have not ate a steak in years.

I live in the same house as my grandfather raised 5 kids in in 1960. I bring home about what he did. Basic food, power, water, an heat takes all of that. No way You play with the math, the two of us cost more than what it cost them with 5 kids. FYI. My TV was free along with most of the things I own. I dont have cable ether.

In 1998 I made the same an drove over 50 miles a day to college. I cant drive that much in a week now an still pay the bills.

I think most people with a fixed income can tell you that it cost way more now to just get by compared to years ago. That is not even getting in to needing a computer for highschool now.

 

[rebelcowboysnb]

And if you want to go back to all these prices you will have to lower the average income back to about $19,000 a year from about $43,000 now.

That is inflation.. The exact thing you are trying to say is not happening?

 

[hemet dennis]

I have not ate a steak in years.

I live in the same house as my grandfather raised 5 kids in in 1960. I bring home about what he did. Basic food, power, water, an heat takes all of that. No way You play with the math, the two of us cost more than what it cost them with 5 kids. FYI. My TV was free along with most of the things I own. I dont have cable ether.

In 1998 I made the same an drove over 50 miles a day to college. I cant drive that much in a week now an still pay the bills.

I think most people with a fixed income can tell you that it cost way more now to just get by compared to years ago. That is not even getting in to needing a computer for highschool now.

So it's being off the gold standard that has kept you from keeping up with the average income ?
The only thing you have shown is the standard of living was lower on the gold standard.

 

[JD4570]

Steak? Mmmmmm steak. I haven't had one in two. . . no three years. Mmmm steak.

 

[rebelcowboysnb]

You are talking in circles. You make post after post about how the dollar is not being devalued (inflation), that its actually gold that being inflated. Now inflation is happening so I should keep up an make more money? That proves my whole point.

I am disabled by the way so my income is based on reported inflation an still it cant keep up.


And going off the gold standard, if anything lowered the growth of the standard of living that innovation has given us.

 

[rikithemonk]

I hate to say it, but your both right. The dollar is circling the drain, and gold is being manipulated. Even the Pro Gold gurus agree that market manipulation of gold is happening. Does that mean that I throw out the dollar and gold too? Nope. That means you use moderation and common sense. While the dollar has value left, its still the best way to buy things, and while gold is being manipulated, it is still the best way to keep your savings inflation proof as long as you think in terms of 5, 10, 15 years down the road.

The truth is that if things break bad like it did in Germany just after world war one, neither gold, or cash will be much good. What saved people was barter and one on one trades. Those who could trade cigarettes, booze, or a professional skill got ahead. Paper money was worthless, and shops would give your gold "scrap gold" pricing. Much like modern pawn shops do.

Stock up on coffee, medical supplies, booze, cigarette.

Moderation is key. A little cash, a little gold and silver, a little provisioning with an eye to barter.

Riki

 

[Capvin]

The reality regarding inflation is that it is always with us to a certain extent; sometimes more and sometimes less. However, over the last 20 years the rate of inflation has been compartively pretty small and has not really been a serious economic worry. The only spikes in inflation during that time period was the Katrina spike and some temporaty spikes related to oil.. As far as the dollar is concerned I have no fears for it as a safe currency and I can be fairly certain we will never go back to a gold standard.

 

[rebelcowboysnb]

I hate to say it, but your both right. The dollar is circling the drain, and gold is being manipulated. Even the Pro Gold gurus agree that market manipulation of gold is happening. Does that mean that I throw out the dollar and gold too? Nope. That means you use moderation and common sense. While the dollar has value left, its still the best way to buy things, and while gold is being manipulated, it is still the best way to keep your savings inflation proof as long as you think in terms of 5, 10, 15 years down the road.

The truth is that if things break bad like it did in Germany just after world war one, neither gold, or cash will be much good. What saved people was barter and one on one trades. Those who could trade cigarettes, booze, or a professional skill got ahead. Paper money was worthless, and shops would give your gold "scrap gold" pricing. Much like modern pawn shops do.

Stock up on coffee, medical supplies, booze, cigarette.

Moderation is key. A little cash, a little gold and silver, a little provisioning with an eye to barter.

Riki

Thats why what little I have is invested in livestock.