Replying to myself... The average gold price in 1980 was about $612. The average silver price was about $16.40. It's not a fair comparison, though, because the years 1979 and 1980 appear to be the highest silver prices in history.
> 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... ] > > > -- > The Silver List is a moderated forum for discussing Colloidal Silver. > > Instructions for unsubscribing are posted at: http://silverlist.org > > To post, address your message to: [email protected] > Silver List archive: http://escribe.com/health/thesilverlist/index.html > > Address Off-Topic messages to: [email protected] > OT Archive: http://escribe.com/health/silverofftopiclist/index.html > > List maintainer: Mike Devour <[email protected]> > [Mike Devour, Citizen, Patriot, Libertarian] [[email protected] ] [Speaking only for myself... ] -- The Silver List is a moderated forum for discussing Colloidal Silver. Instructions for unsubscribing are posted at: http://silverlist.org To post, address your message to: [email protected] Silver List archive: http://escribe.com/health/thesilverlist/index.html Address Off-Topic messages to: [email protected] OT Archive: http://escribe.com/health/silverofftopiclist/index.html List maintainer: Mike Devour <[email protected]>
