Just ran the numbers on this again. With today’s gold price of $5072/oz you now have to make $188.92/hr to make 1971 minimum wage
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Absolutely insane stuff
My new contract for clients:
"... must be paid an hourly rate equivalent to the value of Federal minimum wage in 1971."
Could you legally own gold in 1971?
Ironically I just spent the first two hours of Globex open scalping Gold.
Made about $300, so I’m not too far off tue $188/hour
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🤯
That's depressing
1971 minimum wage was $1.60, not $188.