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Re: Do any of you invest in silver and gold?


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Posted by jimg.allentown on December 11, 2018 at 12:27:12 from (98.115.30.180):

In Reply to: Re: Do any of you invest in silver and gold? posted by dhermesc on December 11, 2018 at 12:03:48:

And, back in 1989, I was making a bit less pay as well.

If I go back to 1970, I was making about $7.50 per hour working at the local Buick dealer flat rate. I drove a 1967 Buick Electra 225 that I bought from our used car lot for $350. Hamburger was around 59 cents a pound, and bread was around 30 cents a loaf. Gasoline was around 35 cents a gallon, and life was good.

Now, on the grand scale of things, in 2000, thirty years later, I was making considerably more money. Decent used cars were in the $3000 range for the ones that I would buy, and every other thing cost more. BUT, if I stopped to calculate how many hours of labor it took to buy a gallon of gas, a pound of hamburger, a loaf of bread, or even a used car, it figures out to be pretty close to what it was 30 years ago.

It may not be that way in farming, but if you had a town job, inflation was not as bad as it seemed IF you look at the whole big picture. I do feel that I lived better years ago, but advances in technologies and medicine make up for a lot of the differences we find today.


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