The Price at the Pump, Why We Don't Have Gold Fillings, and the Minimum Wage.... by 6IXSTRINGJACK

REAL WORLD EVENT DISCUSSIONS

The Price at the Pump, Why We Don't Have Gold Fillings, and the Minimum Wage....

POSTED BY: 6IXSTRINGJACK
UPDATED: Saturday, September 21, 2013 12:55
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VIEWED: 1973
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Wednesday, September 11, 2013 9:04 AM

There's always been arguments as to the true inflation that occurs from year to year. 4% is supposed to be "pretty good". I figured I'd take a little time to research three very important numbers and compare them in a way that I've never seen them stacked up against each other.

These variables are the National Minimum Wage, Gas prices and Price Per Oz of Gold. I figure that even though most people here in the RWED are currently making more than minimum wage, a lot of you are probably closer to it than you'd care to admit. I believe that since it is a STATIC number, it's a better indicator year-to-year of the devaluation of our currency than trying compare higher paying jobs that can vary wildly from region to region. Using Gas prices in this comparison a no-brainer, since everyone needs gas. Gold here would be the figure I think would get some arguments since gold really doesn't effect a majority of us in our day to day lives. I'm using it, however, because I'm starting this off at the year 1971. A year when one of our other idiot ex-presidents used zero foresight and threw us all under the bus when Tricky Dick put the final nail in the coffin of the US Dollar/Gold relationship.

Now... more about 1971.....

The Bretton Woods System, enacted in 1946 created a system of fixed exchange rates that allowed governments to sell their gold to the United States treasury at the price of $35/ounce. "The Bretton Woods system ended on August 15, 1971, when President Richard Nixon ended trading of gold at the fixed price of $35/ounce. At that point for the first time in history, formal links between the major world currencies and real commodities were severed". The gold standard has not been used in any major economy since that time.

http://economics.about.com/cs/money/a/gold_standard.htm

As you'll see from the table below, once the "Standard" had been disbanded, the price of gold has fluctuated wildly in the decades to come, but they've generally always gone up in the long run.

YEAR M/W GAS GOLD/OZ
1971 1.60 0.36 40.62
1972 1.60 0.36 58.42
1973 1.60 0.36 97.39
1974 2.00 0.39 154.00
1975 2.10 0.53 160.86
1976 2.30 0.57 124.74
1977 2.30 0.59 147.84
1978 2.65 0.62 193.40
1979 2.90 0.63 306.00
1980 2.10 0.86 615.00
1981 3.35 1.19 460.00
1982 3.35 1.31 376.00
1983 3.35 1.22 424.00
1984 3.35 1.16 361.00
1985 3.35 1.13 317.00
1986 3.35 1.12 368.00
1987 3.35 0.86 447.00
1988 3.35 0.90 437.00
1989 3.35 0.90 381.00
1990 3.80 1.00 383.51
1991 4.25 1.14 362.11
1992 4.25 1.13 343.82
1993 4.25 1.11 359.77
1994 4.25 1.11 384.00
1995 4.25 1.15 383.79
1996 4.25 1.23 387.81
1997 5.15 1.23 331.02
1998 5.15 1.06 294.24
1999 5.15 1.17 278.98
2000 5.15 1.51 279.11
2001 5.15 1.46 271.04
2002 5.15 1.36 309.73
2003 5.15 1.59 363.38
2004 5.15 1.88 409.72
2005 5.15 2.30 444.74
2006 5.15 2.59 603.46
2007 5.85 2.80 695.39
2008 6.55 3.27 871.96
2009 7.25 2.35 972.35
2010 7.25 2.79 1,224.53
2011 7.25 3.53 1,571.51
2012 7.25 NO DATA NO DATA
2013 7.25 NO DATA NO DATA

So.... what does this data mean to us?

(Before going any further, I should explain that for simplicities sake I don't figure in any income taxes on the minimum wage when I make the numbers for how many gallons of gas you could buy or how many hours you'd have to work to buy an ounce of gold. That would require an inordinate effort on my part with no tangible return on investment. Just keep in mind that for any given year that you'd be able to buy less gas per hour and it would take more hours to buy the gold than I mention below.)

In 1971, the year Nixon did that horrible thing, the US minimum wage was $1.60. Gas could be purchased for an average of .36 cents a gallon. Gold could be purchased at an average price of $40.62 an oz. This means that with one hour of work at minimum wage, you would be able to purchase 4.4 gallons of gas, and you would have to work 21.88 hours to buy an ounce of gold.

By 1981, Reagan's first year, the minimum wage was $3.35, gas was $1.19 a gallon and an ounce of gold was a staggering $460!!!!! You could buy 2.8 gallons of gas per hour of minimum wage worked, but it would take nearly SEVEN times as many hours to purchase an ounce of gold at 137 hours.

In 1989, Reagan's last year, the minimum wage was STILL $3.35. It's better than it sounds though, since 8 years later not only was gas .29 cents cheaper at only .90 cents a gallon, and gold was down $79 to $381 an ounce. Eight years later, with the same minimum wage job, you were able to buy 3.7 gallons of gas and it would take you 114 hours to buy an ounce of gold.

In 1993, Clinton's first year, minimum wage was 4.25. Gas was $1.11 a gallon and an ounce of gold set you back $359.77. With the higher minimum wage, you were able to buy slightly more gas (3.8 gal), and since the price of gold was a little lower than 1989 you only had to work 84 hours for an ounce of gold.

In 2000, Clinton's last year, minimum wage was 5.15. Gas was 1.51 a gallon and an ounce of gold was $279.11. You could buy 3.4 gallons of gas and it would take you only 54 hours to buy an ounce of gold.

(Seriously, who could not like Clinton? Even if gas did slightly rise during his term and the minimum wage was increased by a good margin, he shaved 30 hours off the time it would take a minimum wage guy to buy an ounce of gold. Eight years of a Democratic president and not only did the T-Party D-Bag types not drive the price of gold into the stratosphere, but it actually went down pretty significantly.

Haha... Methinks maybe Wild Bill played us all with that little "Blue Dress" scandal. All of the ultra-conservative-big-money-players at the top gave him a wink and the secret handshake, taking them in as one of their own.)

In 2001, W. Bush's first year, minimum wage was still 5.15. Gas was 1.46 a gallon and an ounce of gold was $271.04. You culd buy 3.5 gallons of gas, and it took you 53 hours to buy an ounce of gold.

AND HERE'S WHERE THINGS START GOING (REALLY) BAD........

In 2005, the first year of W.'s 2nd term, minimum wage was still 5.15. Gas was $2.30 a gallon and an ounce of gold was $444.74. You could buy 2.2 gallons of gas, and we're right back up to 84 hours of work for an ounce of gold.

In 2008, W.'s last year, minimum wage was up to $6.55. Gas was 3.27 a gallon and an ounce of gold was $871.96! Even with the 20% increase in minimum wage, for the first time in US history an hour of minimum wage work only netted 2 gallons of gas. Oh... and it also took 133 hours of minimum wage work to buy a stupid ounce of gold......

AND THEY JUST KEEP GETTING WORSE......

In 2009, Obama's first year, minimum wage was $7.25/hr. Gas was $2.35/gal and an ounce of gold was $972.35. All of that feel goodness of "hope and change", admittedly, was good for gas prices in the short term. We're back up to 3.1 gallons of gas for one hour's minimum wage work. It didn't do much for gold prices though since even with the higher minimum wage it would require one extra hour to buy an ounce at 134 hours.

Unfortunately, there are no tables yet for Obama's last year of his first term, so I will have to just go with 2011 for the final breakdown. Not a bad number anyways, since it's exactly 40 years after the first year presented here. Anyone easily depressed should probably just skip the stats.....

2011, minimum wage was $7.25/hr. Gas was 3.53/gal. An ounce of gold was $1,571.51. You could buy 2 gallons of gas per hour. It took 217 hours to buy an ounce of gold.

In 40 years (1971-2011), here's the breakdown.....
Minimum Wage went from $1.60 to $7.25. (x4.53125 increase)
The price of gas per gallon went from .36 cents to $3.53 a gallon. (x9.81 increase)
The price of gold per oz went from $35 to $1,571.51. (x44.9 increase)

In 1971, you could buy 4.4 gallons of gas per hour, and it took you 21.88 hours to buy an ounce of gold.

In 2011, you could buy 2.0 gallons of gas per hour, and it took you 217 hours to buy an ounce of gold.

My bottom line here is how funny all of the bitching about gas prices are today when the rise of "bigger picture" stuff is skyrocketing in the background. Sure, it costs more than twice as many labor hours today per gallon of gas than it 40 years ago, but it costs TEN TIMES AS MUCH for gold.

Meanwhile.... Any plastic crap from China that we could by at the dollar store 5 years ago now costs $5.99 at WalMart. Sure, China's been saving up that gold we send them for plastic shit, but that's not the scary part. Gold really has no intrinsic value, other than what humans and the stock market put on it. They're also stockpiling useful and much cheaper metals like iron and steel and copper by the boatload.

Hope you're all planning for those dark days ahead when China calls in our debt to them.

EDITED TO ADD:

Bibliography:

Federal Minimum Wage Rates, 1955-2013 -

http://www.infoplease.com/ipa/A0774473.html

Historical Gold Prices, 1833 to 2011 -

http://www.nma.org/pdf/gold/his_gold_prices.pdf

Historical Gasoline Prices, 1929 to 2011 -

https://www1.eere.energy.gov/vehiclesandfuels/facts/2012_fotw741.html

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Wednesday, September 11, 2013 9:57 AM

6IXSTRINGJACK

Afterthought......

I mentioned breifly that 4% inflation was considered "pretty good". If all other economic indicators are within healthy perameters, an increase of 4% inflation overall is considered very much within the copacetic range.

I did another little experiment with that number. If, for 40 years, I was to live in a perfect world where we all shat rainbows and rode unicorns to work, and inflation was exactly 4% a year for the last 40 years, one US dollar in 1971 would be worth almost exactly $4.80 in 2011.

If you gave a 4% a year increase to the minimum wage of $1.60 in 1971 until 2011, you might be as surprised as I was to see that we're just under it by 15 cents. The minimum wage would be $7.38/hr. You probably wouldn't be surprised in the least to know that we're seriously overpaying for gas when it should only cost $1.73/gal.

Oh.... and Gold would only be $187.52 per ounce too..... :)

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Wednesday, September 11, 2013 10:23 AM

6IXSTRINGJACK

Second, and probably more important afterthought......

I'd bet more than a few individuals in the "billing department" in the top echelon of the World Bank a.k.a. our Masters would start causing quite the ruckus if we were somehow able to get the minimum wage of the US tied daily and directly to the price of gas.... in your specific region....

HAHA!!!!! I (figuratively) just sprayed beer out of my nose thinking about that one.

You'd have to either invest billions of dollars infrastructure and software licenses for the government approved software to calculate people's checks. Either that, or every major retail outlet in the country would have to hire at least 5 full time CPAs to do it by hand. You can pay shit to EVERYONE else, but if you need humans doing your finances you have to pay for the best since it's your ass in court one day if the weakest link in your accounting team falsified proof of his (or her) GED.

But goddamnittttt!!!!!

If a direct link to minimum wage and gas prices was approved by Congress, all of those major annoyances would be ironed out over the years.

Hell... not only would you have the top tier guys and gals at all the multi-national corporations screaming for the end of the rabid fluctuations, but now you'd have some of the smartest minds and loudest voices in the world fighting to lower gas prices....

hrmmmm.....

Shit.

That sounded like a good idea, until I realized they'd just use it as a way to lower the minimum wage while increasing the price of everything else but gas.......

Ahhhhhhh.........

Thinking is fun though.

If there's a lesson to be learned here, don't ever get married to an idea unless you've projected all of the possible outcomes.....

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Thursday, September 12, 2013 10:29 PM

FREMDFIRMA

Credit for tryin, and credit for seeing the big flaw in such plan before insisting it be foisted on the public - but worth remembering your own behavior has seriously diminished your credibility around here, yes ?

Oh, and I mentioned a coupla months in advance about the spying coming out, as maybe some very clever folks round here with good memories might recall ?

Next Target -

2-3 months, give or take.
Watch and wait - the world wonders.

-Frem

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Friday, September 13, 2013 8:04 AM

GEEZER

Keep the Shiny side up

Quote:
Originally posted by 6IXSTRINGJACK:
Second, and probably more important afterthought......

I'd bet more than a few individuals in the "billing department" in the top echelon of the World Bank a.k.a. our Masters would start causing quite the ruckus if we were somehow able to get the minimum wage of the US tied daily and directly to the price of gas.... in your specific region....

Better yet, tie it to the price of gold. $63.00 an hour, anyone?

"When your heart breaks, you choose what to fill the cracks with. Love or hate. But hate won't ever heal. Only love can do that."

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Friday, September 13, 2013 2:41 PM

6IXSTRINGJACK

Hey Frem...

Well... wasn't really "tryin'" for anything here, especially since most people in these parts just ignore me now since I had the gall in 2012 to call a wicked Spade a Spade....

Maybe I should have skipped the entire thought process and just gone to the main point that was probably missed even by you Frem....

In 40 years (1971-2011), here's the breakdown.....
Minimum Wage went from $1.60 to $7.25. (x4.53125 increase)
The price of gas per gallon went from .36 cents to $3.53 a gallon. (x9.81 increase)
The price of gold per oz went from $35 to $1,571.51. (x44.9 increase)

That is all real research and everything i posted, including the table, took quite a long time to gather for my own information and for yours.

To put it in simpler terms (which I know you don't require), In 40 years, we make only little over 45% of what me made in 1971 if you tie the minimum wage to the National Average of the price of Petrol at the Pump (not including ANY taxes of any sort). If you're looking at it from the perspective of buying gold, we make ONE TENTH of what we made in 1971.

Wow... only 2 posts in over 48 hours to a self-made post with an honest bibliography and nobody cutting and pasting ten paragraphs somebody else wrote......

Maybe the mistake we're making here Frem is bothering to post within a forum who's cattle seem to swarm to the lowest common denominators. If I were somebody else here who posts 18 stories word for word wrapped in quotes per day, I might get 30 people to reply within the first 5 hours of every post.

Here's my challenge to you Frem.....

Rewrite my post in a meaningful way using any research I gathered under your own name. Better yet, find some dumb kid to do it.

I guarantee if it came from any other name other than my own, we might be having a legitimate conversation about legitimate research about a VERY legitimate subject in here right now.........

Rather than the usual 18 posts by mindless idiots without anything more than their usual uni-partisan, toting the line, BS that comes out of nearly every regular poster here.

Yes Frem... I'm still an asshole. Always will be.

So are you.

The only difference is, for whatever reason, you slight me for the fact....

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Friday, September 13, 2013 3:13 PM

6IXSTRINGJACK

Quote:
Originally posted by FREMDFIRMA:
Oh, and I mentioned a coupla months in advance about the spying coming out, as maybe some very clever folks round here with good memories might recall ?
-Frem

Oh... and about that.... and saying you were only saying it for months......

You're so kind to the readers here and/or very cautious about labeling yourself as a PN type of FREAK so nobody would listen to you.

I was the crazy one telling people that the government and phone companies had the power and money to do that 10 and even 15 years ago. I also said that with the proper software in place, that it really wouldn't take much effort or money at all.....

You know Government agencies Frem..... There is at least 1 million dollars per Alphabet office per year doing it that didn't need to be spent if the private sector was doing it.

Oh nevermind.... We were paying AT&T to spy on us. The local, friendly ganster that offered us all protection.

You know why this guy was smiling Frem?

I'm gussing it's because he was able to take a break from hearing one more second of whining from the male cunts who litter the world with their bitching and moaning about how bad they have it.

J's dad never bitched about how bad he had it.

Sure I'm an asshole Frem. But I'm really hard pressed to believe that I come even close to some of the even "moderate" types you've straightened out over the years.

Anyways... here's me....

EDITED TO ADD: If you didn't figure it out by now, I'm the 6'2" blonde with legs up to her neck.

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Saturday, September 14, 2013 4:04 AM

MAGONSDAUGHTER

Your lines are certainly blurred...

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Saturday, September 21, 2013 10:55 AM

6IXSTRINGJACK

Quote:
Originally posted by FREMDFIRMA:

Credit for tryin, and credit for seeing the big flaw in such plan before insisting it be foisted on the public - but worth remembering your own behavior has seriously diminished your credibility around here, yes ?

Oh, and I mentioned a coupla months in advance about the spying coming out, as maybe some very clever folks round here with good memories might recall ?

Next Target -

2-3 months, give or take.
Watch and wait - the world wonders.

-Frem

I'm sure I have seriously damaged my likability Frem. For many people that probably also equates to credibility, so I concede your point.

My "Big Picture" here wasn't at all to try to foist anything on the public. If this all came up as a big build up to that, I seriously need to take stock of what I'm trying to say and what I'm actually saying. I was originally just trying to put out backed up facts in a way that it hasn't been presented before. You have to admit that those numbers are VERY bad in the "big picture".

As I've likely mentioned before I told my friends the housing market would crash 3 years before it did (albeit for a very different reason that would all but spiral the US into 3rd World status if it happened today), and I had been telling people that the technology to record every email and digital call already existed and so it HAD to be happening 10 years before the NEWS told us so.

What's surprising at all to me is that while "everyone else" is just finding out about this now and they all have opinions on it, I'm just kind of cool with it. Most of my friends have children who are younger than my belief this was happening. But....

No matter how "interesting" or "unique" I think I am, I bet there are people who post/write emails/discuss things on the phone/or even ponder before sleep that are a thousand times more interesting than me.

With the foresight and (now proved) knowledge I've held for all of this time, there are only two explanations for the fact that Big Brother hasn't at least slapped my wrist.....

1. As I mentioned before, I am so much less interesting than I give myself credit for.

2. I am actually so interesting that there are some low to lower-mid ranked government employees somewhere that are getting a decent paycheck with benefits to personally monitor my every email, cellular phone call, facebook post and everything I post here and the reason my hand hasn't been slapped is because they're just DYING to hear what I have to post or speak about tomorrow......

Occham's Razor.....

Not saying I like it, and especially not saying that I agree with the practice of recording everything, but......

Meh.....

I really don't give a shit. It's been happening to all of us for at least a decade. As bad as some people here think I am for my sudden outbursts of vulgarity and warped opinions, I doubt anybody even here who have seen some of the worst of me would agree that I should be locked up.

1984 scared me because in that short and horrifying novel, I took away that everyone's life was exactly the way that the main character's eyes and mind perceived the world around him. Having only read it once and, for years, too afraid to read it again, I have forgotten the "protagonists" name. But the strange thing is, I'm remembering now certain things that he said in the novel that make me wonder if the story was truly terrifying, or if my own wild imagination took sides and made it that way.

I put the following ideas in "quotes" but I'm just paraphrasing ideas I'm remembering from the protagonist's viewpoints from a book I read 12 years ago which shaped a lot of negative views in my overall outlook of everything. These are ideas I didn't consider at all when I read it or years after being effected by it.

"Most people by 30 have been married for years and even have a few Kids."

"Most people don't have government jobs and all of the perks that come with them."

"Most people have little money and have to work harder to provide for not only themselves, but their family. "

Hrmmm...... Doesn't sound any different than my life since I've been keeping track (which started about 16 years after the title of the book).

As for the paranoia theme of the whole story...

I almost wonder if it was just the viewpoint of a madman who's own perception of everything and everyone around him was so skewed that he had created this whole terrible world view of life only being a boot stomped repeatedly on your face forever as nothing less than fact.

Let's face it Frem....

All of these words came from a bachelor well past optimal family-rearing age, just like us. But not only was he single with no responsibilities to a wife and children of his own, but he had that government job with pay and perks that most other people won't ever get. Having never read a biography on the man, I can only assume that Orwell was projecting at least a part of himself into the protagonist.

I'm not giving up, my friend. I'm not burying my head in the sand.

People may look at it that way, especially people like you who I do and have always admired.....

I just have more important shit to do and worry about.

STOP right there... That is a LIE...

I really got nothing important at all going on at this particular point in my life.

I just am better off not knowing "your" big-picture Fox News/CNN/MSNBC viewpoints on well... ANYTHING.

The fact that I can even be ZEN about things is a testament to how healthy one can be when they TUNE OUT THE NEWS entirely.

You know the rough edges around my current living situation. Though it may not be everything my 6 year old self ever aspired to in his wildest dreams, I'd be an ungrateful prick to not admit that I still got it better than most.

I enjoy NOT knowing the newest news. I enjoy NOT spending far more time than is healthy obsessing over things which I have ZERO control over. I enjoy hearing what little news I do only from workmates or friends or family and finding that even though I NEVER read the story or saw it on TV that I can form an opinion just on what other people believe without reading a story written by some unknown journalist who wrote it with their own personal bias and whatever opinions they had about it.

Facts are Facts.... and even a lot of those are made up by people "better" than you or I. Everything else is just bullshit.

This viewpoint, to me anyhow, is quite liberating.... :)

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Saturday, September 21, 2013 11:00 AM

6IXSTRINGJACK

Quote:
Originally posted by Geezer:
Better yet, tie it to the price of gold. $63.00 an hour, anyone?

Good call Geezer :)

Why didn't I think to give that stat?

Brilliant!

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Saturday, September 21, 2013 11:12 AM

6IXSTRINGJACK

Quote:
Originally posted by Magonsdaughter:
Your lines are certainly blurred...

Hey MD...

Not one to censor posts, especially my jackass ones.....

I'm assuming atop of using a (truly) witty pun against me, you're referring to the thread killer I posted where I, once again, used the "C" word. I'll take the fact that I got no hate mail about it that it was tolerated because it's use was directed towards the male population this time.

Yeah.... my sincerest apologies. Not one of my prouder moments... Just add it to a long list of my personal walk of shame.

Don't let that make you hate the song/video though.

I'll post it again just in case you missed it :)

Oh... did I mention that not only is Robin Thicke the son of the "Growing Pains" Dad, but it's also a testament to racial unity in 2013? Although I gotta say that by August my tan is so dark that I look quite a bit "blacker" than Pharrell and the sexy girl with mixed heritage did in this video.

Seriously MD... let's talk about the actual original post. Are those lines blurry?

I'd really love to hear your opinion.

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Saturday, September 21, 2013 12:09 PM

SIGNYM

I believe in solving problems, not sharing them.

6IX, all you're doing in pointing out that the minimum wage hasn't kept up with SOME price indexes. If this was generalized inflation, everything would be going up... industrial metals, food, etc. But food is still relatively cheap, for example. Overall, the only thing this is telling me is that the minimum wage hasn't kept up.

Well, of course hon. Do you think the wealthy really want to squander "their" wealth on the working stiff?

Anyway, there is a long disquisition possible on the topic of the creation and circulation of capital, but suffice it to say that private BANKS create capital when they create loans (from money they don't have), and that most of that created money floats upwards. That puts price pressure on the things that the wealthy like to speculate on ... gold, real estate, art, diamonds, and the like... but doesn't translate downwards all the way.

HOWEVER, there is one thing to be cognizant of now: be prepared for currency wars. Much of the rest of the world is ready to dump the USD as the world reserve currency. The only question is: Which one takes its place? The IMF currency? The BRICS currency basket? The renmimbi? In the meantime, currency uncertainty will prolly drive up the price of gold.

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Saturday, September 21, 2013 12:55 PM

6IXSTRINGJACK

Hehe Sigs... I'd like to think that "all I was doing" was pointing out a little more than what you say I'm pointing out.

In 1971, you could buy 4.4 gallons of gas per hour, and it took you 21.88 hours to buy an ounce of gold.

In 2011, you could buy 2.0 gallons of gas per hour, and it took you 217 hours to buy an ounce of gold.

To me Sigs... that's two polar opposite ends of the spectrum.

Just like you and I and 99% of the people out there, we don't give 2 f's about gold because we can't ever hope to afford any of it. On the flip-side, Rich people don't give a shit what gas costs unless they have shares in Petrol or manufacturers involved heavily in Petrol. They give a lot of creed to Gold though.

I'm just pointing out that back in 1971, gold was 10 times as cheap. Also in 1971, gas was only 1/2 as much as it is now, and the minimum wage has kept up almost perfectly with our "pre-determined" 4% a year increase due to inflation since then (how many of you have gotten a 4% "merit" increase these last few years?????? yeah.... me neither)

I don't go by SOME price indexes, or ANY indexes for that matter.....

THIS is the 6STRING index.....

As much as some people in here don't like me, I'm not bullshitting here. I'd LOVE for you and FREM to corroborate and give your endorsement to the FACTS I've stated here.

I'm pretty comfortable now, and my brother is taken care of at least as long as we don't get our National Balls cut off by China.

I still am nowhere near able to buy any gold.

Hell... maybe, personally, that's all I'm bitching about. I'm a paradox. The higher ups where I work don't know how to deal with me. On one hand, I'm their strongest worker, but on the other hand, I'm the most likely to start a Mutiny.....

Bottom line, I SHOULD be able to buy gold at 35 an ounce. I never filed bankrptcy. I never didn't buy a house that was paid for in hard-earned, new-money cash by navigating the foreclosure/rehab market with more than a few home improvement skills up my sleeve.

If I were in my exact position in 1971, I would be buying an ounce of gold every other week.

My End-Game, of course, nothing less frivolous than to build a bathroom entirely out of gold....

That's right....

Please... Do Not Touch.

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