Re: Money value
[Re: riverratdm]
#8527081
4 hours ago
4 hours ago
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Joined: Feb 2010
pa
hippie
trapper
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trapper
Joined: Feb 2010
pa
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That doesn't seem right......
"I'd have to make almost 1/4 million a year to equal historical equivalence."
If that is true, you're saying you earned the equivalent of 1/4 million (in today's money) in 2004?
Last edited by hippie; 4 hours ago.
There comes a point liberalism has gone too far, we're past that point.
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Re: Money value
[Re: riverratdm]
#8527084
4 hours ago
4 hours ago
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Joined: Jan 2008
Alaska and Washington State
waggler
trapper
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trapper
Joined: Jan 2008
Alaska and Washington State
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The mass importation of cheap foreign made consumer goods has masked the declining value of the dollar over the last forty years or so. Now the chickens are coming home to roost. You can only kick the can down the road for so long.
"My life is better than your vacation"
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Re: Money value
[Re: riverratdm]
#8527085
4 hours ago
4 hours ago
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Joined: Feb 2010
pa
hippie
trapper
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trapper
Joined: Feb 2010
pa
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I made around $30000. Gold was at $450oz. So you could've bought one new car with your yearly wage in 2004. Even with cars at 60,000 now, A quarter million is gonna buy you 4 cars now.
There comes a point liberalism has gone too far, we're past that point.
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Re: Money value
[Re: riverratdm]
#8527089
4 hours ago
4 hours ago
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Joined: Feb 2010
pa
hippie
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trapper
Joined: Feb 2010
pa
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I do agree, the dollar is wayyyyy weaker than 20 years ago but that seems extreme.
8-1 ratio. 30,000=250,000
Last edited by hippie; 4 hours ago.
There comes a point liberalism has gone too far, we're past that point.
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Re: Money value
[Re: riverratdm]
#8527094
3 hours ago
3 hours ago
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Joined: Feb 2010
pa
hippie
trapper
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trapper
Joined: Feb 2010
pa
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That sounds more like it.
8-1 didn't, lol.
If buying gold and gold only, then yeah.
There comes a point liberalism has gone too far, we're past that point.
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Re: Money value
[Re: riverratdm]
#8527101
3 hours ago
3 hours ago
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Joined: Dec 2006
williamsburg ks
danny clifton
"Grumpy Old Man"
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"Grumpy Old Man"
Joined: Dec 2006
williamsburg ks
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Melt value of a silver dime today is almost 5 bucks. In 1964 when dimes were silver a hershey bar cost a dime. Its 2 bucks today. A gallon of gas where I lived was about 23 cents. Here its about 2.70 today. Lots less than the 9 bucks of silver in two dimes. It's my opinion that gold and silver are over priced.
Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
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Re: Money value
[Re: riverratdm]
#8527122
2 hours ago
2 hours ago
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Joined: Feb 2011
alberta
spjones
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trapper
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alberta
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To make an accurate comparison I think you would need to compare the expansion of above ground gold supply, to the expansion of m2 money supply
It would be an interesting exercise,,,,,
Problem is that nobody actually knows how accurate the numbers are,,,,especially for above ground gold
But yes,,, they’ve lost control of the value of the dollar
It’s only going to get worse, as they issue more dollars
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Re: Money value
[Re: riverratdm]
#8527124
2 hours ago
2 hours ago
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Joined: Dec 2006
williamsburg ks
danny clifton
"Grumpy Old Man"
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"Grumpy Old Man"
Joined: Dec 2006
williamsburg ks
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I don't remember exactly but late 70's early 80's gold/siver spiked. Gold spot hit over 600 an ounce. A month later it was half that. I won't be surprised if the same thing happens again.
Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
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Re: Money value
[Re: white17]
#8527136
2 hours ago
2 hours ago
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Joined: Dec 2011
MT
snowy
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MT
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an item that cost $1.00 in 2004 would cost $1.72 today.
That's a cumulative rate of inflation of 72% over that 21 years That is pretty misleading if not altogther incorrect. The 1 to 1.72 is a 72% increase, but the average inflation rate to cause that is 2.6%. The more meaningful number would have been a dollar today is has lost 42% of it's value since 2004. And again, that's an average annual inflation rate of 2.6% To me, the term "inflation" only makes sense when referring to a basket of goods and services. The price of a particular item varies in a zero-inflation environment based on supply and demand.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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Re: Money value
[Re: riverratdm]
#8527141
2 hours ago
2 hours ago
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Joined: Dec 2006
ND
MJM
trapper
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trapper
Joined: Dec 2006
ND
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Well everyone at work been compaining how straped they are. We make good money but its barely enough to keep the bills paid it seems sometimes so got to thinking of comparing what I make to the value of gold and seen some intetesting things. I get paid about 16 oz of gold a year at todays value. When I started in 2004 I got paid about 70oz at the value then. In 84 it looked like the average wage was equal to about 50oz. In 1933 durring the depression the average wage according to google was equal to about 54oz. What do you all think? Have they lost control of the value of the dallar? I knew inflation was bad but I would have to make almost 1/4 million a year for it to equal historical equivance. To many bills if you make good money and can hardly keep the bills paid. You are spending more then you are taking in.
"Not Really, Not Really"
Mark J Monti
"MJM you're a jerk."
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Re: Money value
[Re: white17]
#8527143
2 hours ago
2 hours ago
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Joined: Dec 2011
MT
snowy
trapper
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trapper
Joined: Dec 2011
MT
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That's why I specified CUMULATIVE rate of inflation....all those years added together. Here's a link to an inflation calculator . you can specify the years you are interested in. https://www.usinflationcalculator.com/Yep, not that the numbers are wrong but cumulative is an odd way to describe that time frame in numbers or %. The real number is average number of 2.6% inflation. Nothing I said is meant to belittle your numbers and your extreme knowledge on financing. Thanks White for letting me share on your post.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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Re: Money value
[Re: MJM]
#8527146
2 hours ago
2 hours ago
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Joined: Mar 2012
Iowa
riverratdm
OP
trapper
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OP
trapper
Joined: Mar 2012
Iowa
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Well everyone at work been compaining how straped they are. We make good money but its barely enough to keep the bills paid it seems sometimes so got to thinking of comparing what I make to the value of gold and seen some intetesting things. I get paid about 16 oz of gold a year at todays value. When I started in 2004 I got paid about 70oz at the value then. In 84 it looked like the average wage was equal to about 50oz. In 1933 durring the depression the average wage according to google was equal to about 54oz. What do you all think? Have they lost control of the value of the dallar? I knew inflation was bad but I would have to make almost 1/4 million a year for it to equal historical equivance. To many bills if you make good money and can hardly keep the bills paid. You are spending more then you are taking in. This is the excuse most give. I have no loans I am surviving. I dont have near the extra I used to just trying to show some perspective.
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