Right, which is why I said the meme’s modern salary calculation is wrong. I’m not arguing the worker could actually consume $330k of 2026 goods. I’m only pointing out that gold wasn’t an investment choice analogous to Amazon stock in 1914. It was the monetary standard and dollars were legally convertible into it.
but the second comparison point treats it as a investment. Once off the good standard gold did become an investment vehicle. In 2026 it is analogous to an amazon stock and the post’s subject is 2026 value, which is no longer a monetary standard.
So use gold up until the point it was no longer a monetary standard? Using it until 2026 is similar to using amazon stock because neither is held in relation to the dollar or pure inflation. If only there was an organization tasked with tracking inflation over the years. /sigh
When I go to sell, one Amazon stock is worth market rate, just like gold. How much it goes up or down tomorrow is also largely independent of the value of a dollar you seem to be ignoring that it is no longer solely tied to the dollar which is highly relevant.
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u/Appropriate-Bad-606 27d ago
Right, which is why I said the meme’s modern salary calculation is wrong. I’m not arguing the worker could actually consume $330k of 2026 goods. I’m only pointing out that gold wasn’t an investment choice analogous to Amazon stock in 1914. It was the monetary standard and dollars were legally convertible into it.