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/biz/ - Business & Finance

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16326277 No.16326277 [Reply] [Original]

In America in 1950:
The 40hr/week min wage income per year in gold was 40.5 ounces.
&
The median 40hr/week salary in gold was 82.5 ounces.

In America in 2019:
The 40hr/week min wage income per year in gold was 10.2 ounces
&
The median 40hr/week salary in gold was 32.4 ounces

How do I make profit off this information?

>> No.16326289

>>16326277
I buy gold but worry we're trapped in this matrix economy for the rest of our lives

>> No.16326297

>>16326277
buy the dip

>> No.16326321
File: 15 KB, 644x800, dda.png [View same] [iqdb] [saucenao] [google]
16326321

>Wahhh Mommy why isnt the economy collapsing?? wahhh my rocks arent going up!

>> No.16326324

>>16326321
>t. Illiterate nigger
The whole point of the thread is that the economy is collapsing

>> No.16326368

>>16326324
i thought the whole point is to explain what inflation and real savings are

>> No.16326386

Put on some clown makeup and prepare for chaos.

>> No.16326417

>>16326368
Inflation wouldn't be a problem if wages rose proportionately with costs etc.
Gold is a great tool to hold value and measure how the market was in different time periods
>>16326386
What if I don't want to be a tranny?

>> No.16326445

>>16326324
No thats just what your retarded teenage brain thinks

>> No.16326455

>>16326445
You're literally fucking stupid and straight up ignoring op's numbers. Down syndrome incarnate.

>> No.16326457

>>16326321
You missed the point where we have had falling wages in real terms for decades. Now even the productivity is falling because advancement in technology can not outmatch the fall in IQ in the general population due to mass immigration of low IQ third worlders.

>> No.16326458
File: 80 KB, 800x561, 1562509844687.gif [View same] [iqdb] [saucenao] [google]
16326458

>>16326455
lol

>> No.16326479
File: 25 KB, 1093x471, 1568694571575.gif [View same] [iqdb] [saucenao] [google]
16326479

reminder to sage retarded goldbug threads

>> No.16326529

>>16326458
>>16326479
This isn't about saving gold it's about quality of life and wages for working people you complete fucking retard.

>> No.16326533
File: 46 KB, 1369x611, Screenshot from 2019-11-20 22-52-49.png [View same] [iqdb] [saucenao] [google]
16326533

>>16326479
idk man watching another dem debate got me thinking again i'll throw in with the countries run by adults, the west is biblically insane

>> No.16326534
File: 72 KB, 2192x762, 1574027010036.png [View same] [iqdb] [saucenao] [google]
16326534

>>16326458
>>16326479
blatantly false

>> No.16326548

>>16326479
Your graph is made by a moron. It looks like in every war or crisis, the price of gold suddenly crashes. Reality is that the basis for the graph is most likely milk or some other necessity product and not the usual assets to measure purchasing power, like land. So in a war time, or famine, there will be scarcity of food, prices are rising and your idiotic chart will not show a sharp rise in prices, but a sudden drop in gold. Mickey Mouse economics.

>> No.16326554
File: 14 KB, 590x351, USD-1787-log.png [View same] [iqdb] [saucenao] [google]
16326554

>>16326548
his graph is a straight up lie the price of gold was not variable prior to 1971 because it was pegged

cpi is the biggest lie in the world

>> No.16326561
File: 23 KB, 590x347, DJIA-1900 (1).png [View same] [iqdb] [saucenao] [google]
16326561

>> No.16326565

>>16326458
Gold is a currency and wealth protection. Will only be a speculative asset in the time of war or crisis. Whoever made the graph has no clue. Apple and bananas.

>> No.16326610

Good was relatively cheap in 1950 compared to today. If you did the same comparison from 1970-1980 you’d have an even bigger disparity. Source:(https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart)) You can’t measure wealth and prosperity based on a single commodity you dumb fucks.

>> No.16326617

>>16326610
Gold* I hate having to phone post, but this thread is retarded

>> No.16326636

>>16326610
the price of gold from 1934 to 1971 was $35 because it was literally defined by that

>> No.16326667

>>16326561
based

>> No.16326678

>>16326636
And the value of USD (I assume you mean USD) didn’t fluctuate at all during that time? Is that what you are saying?

>> No.16326679

>>16326610
Gold wasn't cheap, money was strong. You're a fucking retard.

>> No.16326689

>>16326678
1 ounce of gold cost 35 usd during that time

>> No.16326707
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16326707

>>16326636
>>16326678
>>16326689
the $35 price is not accurate because
1. nixon only had 5% of gold reserve by the time USD became fiat
2. the government confiscated everyone's gold so there was no one keeping the $35 price honest
3. you couldn't even exchange USD for gold anyway, it was only the "gold window" for foreign governments that was trading at that price.

>> No.16326714

>>16326689
I made the OP on the assumption it was about $40.50 not $35, If so boomers fucked up America even more than my cynicism accounted for.

>> No.16326718

gold and labour are the best tools we have to measure and compare anything.

either labour has become cheap or gold more valueable, either way buy gold if you want real savings.

>> No.16326744
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16326744

>>16326718
I don't want to make savings, I want to make a killing

>> No.16326746

>>16326277
If we stayed on the gold standard the amount of gold paid per worker would have decreased with time. The weekly 40hr min wage would still be 10.2 oz. Automation mixed with exponentially more workers fighting over the same jobs equals lower wages.

>> No.16326787
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16326787

>>16326718
it was $20 until 1933

>>16326707
it was like tether.
its worth $1 till it aint, que 1971

>> No.16326803

>>16326277
They had unions back then.

>> No.16326813

>>16326803
And segregation and no spics and almost no jews, and no Asians

>> No.16326825

>>16326803
>>16326813
cue the socialists

>> No.16326838

>>16326825
Socialists are usually Jews or shitskins. We're against those.

>> No.16326853
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16326853

>>16326838
>ethnic collectives are the problem
you sound like pic related?

the existence of socialists is the reason the fed had to be created.

>> No.16326920

>>16326853
You're a fucking retard. The federal reserve was started in 1913 before any socialist revolution or movement gained traction or prominence.

You're either a boomer or a jew and either way you're a retarded piece of crap.

>> No.16326946

>>16326920
>what is ww1

>> No.16326965
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16326965

>>16326920
Just microwave some milk and get some sleep son you have a long day of shit posting ahead of you tomorrow. I left your favorite 'hitler did nothing wrong' shirt on your dresser.

>> No.16326966
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16326966

>>16326946
WWI happened more than a year after the federal reserve and the first communist revolution didn't happen until the very end of WWI. You're quite literally a retard. I'm not even going to berate or make fun of you.

>> No.16326976
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16326976

In America as of 1 week ago;

Say goodbye to your fucking middle class;

70% of Americans are struggling financially;
>https://www.cbsnews.com/news/70-americans-are-struggling-financially/

Largest decline in consumer confidence since 2008;
>https://upfina.com/largest-decline-in-consumer-comfort-index-since-2008/

58 million US jobs pay less than 793 USD a week;
>https://thehill.com/opinion/finance/470769-americas-workers-continue-to-struggle-despite-strong-jobs-reports

50% of US workers make less than 33000 USD per year;
>https://davidstockmanscontracorner.com/goodbye-middle-class-50-of-american-workers-make-less-than-33000-a-year/

Most US jobs earn less than 20 USD an hour;
>https://money.cnn.com/interactive/economy/us-jobs-wages/

US business hiring hits 7-year low
>https://abcnews.go.com/US/wireStory/survey-us-business-hiring-falls-year-low-66575183

The worst decline in US industrial production since 2009;
>https://www.zerohedge.com/economics/us-industrial-production-plunges-most-march-2009

Auto loan delinquencies are worse than during the GFC;
>https://wolfstreet.com/2019/10/25/subprime-auto-loans-blow-up-60-day-delinquencies-shoot-past-financial-crisis-peak/

The case index has fallen for 10th month in row;
>https://beforeitsnews.com/opinion-liberal/2019/10/the-boom-turns-into-a-bust-here-are-14-signs-that-the-us-economy-is-steadily-weakening-2598144.html

4th quarter GDP growth is 0.3%;
>https://www.cnbc.com/2019/11/15/gdp-economic-growth-close-to-negative-for-q4-according-to-fed-gauges.html

The Fed is purchasing 60 billion in Treasuriess every month;
>https://www.bloomberg.com/news/articles/2019-10-11/fed-to-start-buying-60b-of-treasury-bills-a-month-from-oct-15

>> No.16326979

>>16326965
Why are you posting a brainlet when I am quite literally correct? I didn't say anything nice about Hitler or the Nazis ypu retarded fuck

>> No.16326982

>>16326966
>he thinks no one expected ww1

central banks issue bonds during times of war to redistribute wealth from individuals to the collective so that it can be wielded by the state.

>> No.16326983

>>16326417
>Gold is a great tool to hold value and measure how the market was in different time periods
not really since its a speculative asset

>> No.16326994

>>16326277
>muh free stuff
Checked. So the Boomer in the pic was doing all the work and the millennials only contribution was watching him do things they can't do.
Life has never been easier on this planet than it is today, stop standing there with your hand out like an entitled spoiled child and do something constructive faggots.

>> No.16327004

>>16326982
Unless your point is the jews that ran the federal reserve are socialists, you're wrong. And if that is your point, you sound more like a nazi than I do. >>16326983
Literally everything else is speculative and fluctuating in value. What's your point?
I didn't say it was a perfect tool.

>> No.16327017

>>16326994
Great job betraying your descendents boomer.
I work and I am doing something, I'm immigrating to a country white country that didn't destroy it's economy to give you faggots your free handouts.
I won't pay for your social security, retirement etc etc.
Kill yourself in Minecraft faggot

>> No.16327035

>>16327004
>if there were only "white" people in the usa there would be no federal reserve
kys. organising society by ethnic collective is socialism

>> No.16327058
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16327058

>>16327035
>organising society by ethnic collective is socialism
So you're saying that Israel is socialist and also bad?

Sir stop being an Antisemite in my thread.
Also no ethnic make up has literally nothing to do with socialism.

Socialism is about government ownership of means of producing goods/services.
A multi racial country could be socialist like Brazil.
A mono ethnic country can be capitalist/monarchist/imperialist,/Republic etc

You're so stupid.

>> No.16327089

>>16327058
>>16327058
you can't mediate ethnic makeup without the state having socialist powers you moron

Israel is nearly as bad as china you should go live there

>> No.16327121

>>16327089
>you can't mediate ethnic makeup without the state having socialist powers you moron
You're literally saying the concept of a nation-state and race is socialist because tribes/races/nations defend their boarders collectively through the state or pre-state government.

You're literally saying if it isn't open borders it's socialism.
Even the concept of a state at all would be socialist in your view.

All of this has nothing to do with the definition or even connotation of socialism. You're an imbecile, I'm surprised you have enough iq to figure out breathing

>> No.16327175

>>16327121
true

still
>if there were only "white" people in the usa there would be no federal reserve
you're the brainlet

>> No.16327202

>>16327175
I literally never said that you autistic glue sniffer.

>> No.16327219

>>16327202
how do you think the government should control ethnic make up?

>> No.16327228

>>16327219
The same way all governments did for all of history unitl recently, don't allow immigration from areas that aren't the same race/ethnic group.

>> No.16327278

>>16327228
what problems does mixed ethnicity cause

>> No.16327287

>>16327278
A shorter list would be the problems it doesn't cause or contribute to.

>> No.16327297

>>16327287
does it cause central banking?

>> No.16327308

>>16326679
That means it’s RELATIVELY cheaper than today you stupid fuck. Please kys.

>> No.16327330

>>16327297
No Jews and shabbos goys cause banking. Central Banking causes multi ethnic societies.

>> No.16327340

>>16327330
how is it that jews cause central banking?

>> No.16327392

>>16327340
Because they literally do it's a fact that everyone knows.
Muslims, Christians, Buddhists etc have qualms with usury, Jews don't.
Look up the Rothschilde family and most famous bankers from history.
Jews and banking have more of an entwined history than Asians and rice.

>> No.16327428

>>16327392
>if jews ceased to exist there would be no central banking
brainlet

>> No.16327446

>>16327428
I never said it would cease to existing if jews did you fucking craterbrain.

>> No.16327455

>>16327446
so if there were no jews what would cause central banking?

>> No.16327479

>>16327455
The shabbos goys left behind obviously.
If ypu completely got rid of jewry and all Jewish influences central banks would be like the ones in Libya and Nazi Germany that didn't have interest bearing loans.
Central banks would exist but they wouldn't be all fucking evil and shit

>> No.16327510
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16327510

>>16327479

>> No.16327591

>>16327479
Kek, I knew it was a good choice to enter this thread.

>> No.16327618

>>16327510
You're the one that said is an evil country and Jewish people shouldn't be allowed to habe an ethnic homeland.
If anyone here is a nazi, it's you.
>>16327591
Glad I could provide the funny

>> No.16327622

>>16327017
There is nothing more pathetic than a millennial faggot who was raised on fapping to women who wouldn't make eye contact with them and vidya complaining how hard life is. It couldn't be any easier for you. Kys and live stream it please.
t.gen x

>> No.16327662

>>16327622
>faggot who was raised on fapping to women who wouldn't make eye contact with them and vidya
That projection lol, I won't tell you to kys I know your life is a greater punishment than your death will be.

>> No.16327686

>>16326277
just be yourself and maximize your profit

>> No.16327764

>>16327479
This is true, thou.

>> No.16327816

>>16326457
If you think in terms of IQ then you're a brainlet. Sorry to break it to you.

>> No.16327827

If you don't know about Breton Woods you don't belong on /biz/

>> No.16327832
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16327832

>>16327816
Specifically why? Standard of living, economy, innovation, crime etc all have strong correlations to iq
>>16327686
Thanks famalam

>> No.16328463

>>16326321
Are you a child?

>> No.16328479

>>16326983
What is a non-speculative asset?

>> No.16328486
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16328486

>>16326458
>>16326479
You think anyone is going to download your bullshit graph gifs which are probably hiding something illegal huh moishe?