I always explained this as being paid todays minimum wage in 1964 90% silver quarters. This is even more depressing.
Discussion
Silver is a shitcoin so makes sense right?
We're talking about these relative to the USD which is king of shitcoins. No?
Yeah with gold as our best proxy for historical value
Gold was the best. Until Bitcoin. But gold is still the best comparison because it's real world value has held most true and Bitcoin is still not even widely considered money, as gold was for thousands of years. Our great grandkids will be grateful for us.
Bitcoin is absolutely the best going forward but it's hard to gauge things since its monetization process is what's steering the price action
Gold is best looking backwards absolutely
That said, someone else made a great comment here that the price used for this 1971 comparison was artificially low, causing the current dollar price comparison to be artificially high
Who knows where true stands and that's the problem
