Priced In Gold

[tesskansas]

Helpful. Great idea to create these graphs.

[pismo10]

To say the standard of living has decrease since 1980 is totally ridiculous. The greatest economic expansion the world has ever seen for 25 years and everyone saw the benefit of it. 1% earn the minimum wage so it is not a good tool to use to make such a silly statement. It is over now tho and the Feds are doing everything in their power to bring on Great Depression 2. Good stuff otherwise.

[formulaprimer]

Standard of living has only increased due to borrowing from others thus taking wealth from on pocket of society and giving it to others, thus a wide disparity from country to country but now the payment is due and the medium will be reached after a swing to the other extreme. US will be the first undeveloping country.

[pismo10]

The credit bubble has only been a problem recently, the last 8-10 years. The 80s and 90s was true growth, and true increases in standard of living. If you think the 60s and 70s were higher standards of living than the 80s and 90s then you must be young.

[jdouche]

If you earned minimum wage, you would have an easier time raising a family in the 1950s and 1960s than now. Look at the red line. The early 1970s and the late 1990s and early 2000s were good. Right now poor people are struggling like in the late 1970s and early 1980s.

[formulaprimer]

I think you better study the great depression. The stock crash was caused by a massive credit bubble in the 1920's.... Buying for non durable goods is not an increase in standard of living... Purchasing power is a real measure of prosperity and that as decreased over 90% so that means increase in wages is not real it is just inflation. All bubble are caused by cheap money and easy credit and that has happened dozen times in the US already.

[suave286]

Really good video..it tells the real story...how the government is fooling the public by creating an illusion of increased wealth by generating inflation.

Thanks for the video

[bugsbugmenot]

louder please

[edmack4me]

yes louder please

[madridisinSpain]

Thanks for posting this. Very interesting graphs, what program did you use? Anyone can tell?

[jdouche]

Just excel

[NicNasty1981]

Thanks for this video. I would love to know all that you know. This is a great graph but not just doing things like this. At the min i have limited funds, i do have some gold in goldmoney . com but ive been looking to buy shares for a few months now and dont know the best way to go about it. I was thinking on the net to keep prices down but at the end of the day i dont yet have enough knowledge.

Any recommendations? How do you go about doing it?

[jdouche]

I use TDAmeritrade; they are pretty good and cheap. You could also hold physical metal in a safety deposit box. Northwest Territorial Mint has good price but there is a wait.

[NicosMind]

Thanks man for the help. IIl look into it :)

[NicosMind]

oh this is my other account

[hotrodguitar1]

Well done.

Thanks for the info.

ps-might want to take some gold and buy a better microphone. ;)

[jdouche]

I agree; my microphone is very quiet.