From Anus Intelligence:

Historically, the lowest wage-to-ounce of gold ratio, meaning the point where an average person's wage could buy the least amount of gold, was likely seen during periods of high inflation and low gold prices, with some experts pointing to the late 1970s as a potential time frame where this ratio was at its lowest, due to a combination of stagnant wages and a relatively low gold price at the time.

I got in pretty deep around 2013-2014 with Au, then kept stacking Ag since, with a little more Au along the way since then ...Ag was bending the safe shelves... and I wanted some Au snap off bars just in case SHTF. Au has increased around 250% and Ag at least 150% (for me)...it was sitting at $17 (of all prices, right?!) for a long time.

The depressing part of it all is the fact that the buying power of the dollar has tanked so hard in just 10 years... so I'm not really up on any of it, it's just locked in some buying power that they haven't stolen from us yet. I look at PM as a yard stick for how lame the dollar has become...

Yes - the wage ratio...As someone who runs his own gig one of the biggest challenges is getting customers to understand the cost of raw materials and how I've got zero control over that... it's fking depressing and a real challenge with razor sharp margins. Most days I'm better off staying in bed....the Chinese kids might be on to something with the rise of bai lan...