Historical Price of Gold vs. the Price of a Man’s Suit

The amateur economist

Historical Price of Gold There is an adage in economic circles that a one ounce gold piece could always buy a good mans suit. This Amateur Economist wanted to try this theory on for size and test its validity. To begin, we needed a starting point in history, the financial data for the price of an average man’s suit and the price of an ounce of gold during the same period. The starting point was easy enough as this is […]

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