1971:
-Gold was $43/oz
-Average hourly wage was $3.70
-Time needed to buy one oz of gold: 11.6 hours
2026:
-Gold: $5,000/oz
-Average hourly wage: $28
-Time needed to buy one oz of gold: 179 hours
What does this mean?
Your time is literally less valuable today than it was 50 years ago. Look at it this way:
In 1971: Work 12 hours ➡️ get 1 ounce of gold
In 2026: Work 12 hours ➡️ get 0.07 ounces of gold
Gold is still gold. One hour is still one hour.
