Sure you could buy an ounce of gold in 1970 for $35.00, but when adjusted for inflation, that oz. in 1970 cost $286.00.

$35.00 was a lot more money in 1970 than it is today.

Gold today is around $2132. If you deflate that to 1970 $ that would be $265. So gold has only increased in price by $235 oz.

(Sorry, mistake. Gold is $2311 today, but still you get my drift)

Gold price last 100 years.

I remember back in 70's when I was around 18 yrs old, once shopping for something in Penny's. A girl ask me if I wanted to apply for a credit card. I ended up not doing it, but it was a good opportunity to talk with her so I pretended that I wanted to.

She got to the line that asked me what my income was. I said $300.00 a week. She said, how much do you take home, and I said $300 a week. She was astonished, like I was a millionaire lol.