Jon quoted the following:
> In 1980 you could buy the average family house for 1,500 oz. of silver.
> 
> Today it would take 40,000 oz. of silver.

Can you formulate the same kind of statement using gold? It would be 
interesting to compare.

If silver's still around 7 bucks an ounce, that says that the "average" 
house would be about 280 grand. That's outta my league, but sounds 
about right. <grin>

Gold is around 400 right now. That would mean 700 oz of gold would buy 
a 280000 house. So, what was the spot price of gold back in 1980?

Be well,

Mike D.
[Mike Devour, Citizen, Patriot, Libertarian]
[[email protected]                        ]
[Speaking only for myself...               ]


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