To: wrench
15 oz of gold buys a new car for a family. That has been a rough valuation since 1976. Not so when the government held the value of gold at $35/oz. Once it floated to $120/oz, it roughly tracked a new car at 15 oz.
20 posted on
07/30/2014 6:27:29 PM PDT by
Myrddin
To: Myrddin
Go back 100 years,a new rifle cost an ounce of gold. Today about the same cost.
Tracks for hay, grain, eggs, etc.m and that can be examined back as far as you can get data.
23 posted on
07/30/2014 6:34:24 PM PDT by
wrench
To: Myrddin
An Oz could always buy you a good suit
34 posted on
07/30/2014 7:15:40 PM PDT by
reefdiver
(Be the Best you can be Whatever you Dream to be)
To: Myrddin
15 oz of gold buys a new car for a family. That has been a rough valuation since 1976. Not so when the government held the value of gold at $35/oz. Once it floated to $120/oz, it roughly tracked a new car at 15 oz. In the 1920s a Model T cost $260 (7½ oz).
A top of the line Bugatti about 800. (the same as today)
49 posted on
07/31/2014 7:07:38 PM PDT by
Oztrich Boy
(Wikipedia is wrong. who knew?)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson