Fair enough.
TTUArmy said:
Saw your Friday post for silver on Stock Market thread.
Silver to take a breather by Wednesday.
Do we get a significant pullback in gold as well?
TTUArmy said:
Who's going to get wrecked when this bubble pops?
- That guy
- Everyone
- Everyone but Wall Street
- Republicans in mid-terms
- Not me...I saw this coming miles away
Quote:
The bottom line is that, in terms of gold, wages have fallen by about 87 percent. To get a stronger sense of what that means, consider that back in 1965, the minimum wage was 71 ounces of gold per year. In 2011, the senior engineer earned the equivalent of 63 ounces in gold. So, measured in gold, we see that senior engineers now earn less than what unskilled laborers earned back in 1965.
That's right: today's highly skilled professional is making less in real, comparative terms than yesterday's unskilled worker.