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X @Nick Szabo
Nick Szabo· 2025-10-19 22:50
Gold Affordability - Gold is becoming increasingly unaffordable, requiring 116 hours of work in the US to purchase 1 ounce, a record high in at least 100 years [1] - The time required to buy 1 ounce of gold has doubled in just 18 months, indicating gold price increases are significantly outpacing income growth [1] - The current ratio of work hours to gold price surpasses previous peaks of approximately 80 hours observed in the 1930s, 1980, and 2011 [1] - At the start of the century, it took less than 20 hours of work to buy 1 ounce of gold [2] Gold Price and Earnings - Gold prices reached a record close of approximately $4,225 [1] - Average hourly earnings in the US reached $3650 in August [1]
X @Investopedia
Investopedia· 2025-10-13 23:30
Market Trends - Americans are capitalizing on record-high gold prices [1] - Jewelry shops and gold refineries are experiencing increased activity [1] - One store's gold purchases have doubled compared to last year [1]
Can gold prices hold the line as U.S. labor market remains healthy?
KITCO· 2025-07-30 12:26
Group 1 - The articles do not provide any relevant information regarding companies or industries [1][2][3][4]