Perspective
I have mentioned before that I enjoy reading Mark Mead Baillie’s “The Gold Update” each weekend. Some weeks it is just a recap and others offer a little more perspective, such as this week, quoted below. The whole edition is worth reading.
“? Not to be outdone, DJN returned on Thursday with “People Have Money but Feel Glum—What Does That Mean for the Economy?” …if your first Big Mac cost 45¢ but is $5.63 today, (+1,151% from ’67),’tis reason to so feel…
–> Gold since ’67 (from $35 to $1,707 today): +4,777%. You have held on to your Gold, right?” https://goldseek.com/article/gold-completes-five-down-weeks
Thank you for this – very interesting…
Big Mac cost 45¢ but is $5.63 today but 45 cent in US silver coins today with silver at $18.50 = $6.01 in melt value