Gm nostriches, Great work nostr:nprofile1qqsza748zkamgmw4he4hm2xhwqpxd5gkwju38wqh3twmtshx8kv8xvgpr9mhxue69uhhqatjv9mxjerp9ehx7um5wghxcctwvsq3gamnwvaz7tmjv4kxz7fwv3sk6atn9e5k78e8ltm , while at a macro level very good argument, but over the time period, the demoinetisation and remonetisation of gold plays a role. I think at the moment gold is remonetising in real time so making your argument stronger.

But This is not only about 1899, in 2003 I got my first paycheque for £950 (after tax, per month), this would have bought me 4.1 ounces of gold. Inflation adjusted, today this wage would buy 0.67 ounces of gold, 84% loss of purchasing power. An effective loss of purchasing power of around 7.7% a year.

In today’s figures, my first job would earn me £144k a year (before tax). Annoyingly, at the time of my first job, I was quite interested in gold, just didn’t have a way of buying the physical stuff.

Work based #coffeechain already running low, but at least I’ve spent the first part of my day doing something productive!!!!!!

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