When you take that first bite of turkey this Thanksgiving, be thankful for silver and gold.
This post by Lorimer Wilson, Managing Editor of munKNEE.com, is an edited ([ ]) and abridged (…) version of a article by Jeff Clark
Over the past 20 years, the cost of the average Thanksgiving meal has risen 40.3% but, priced in gold, the cost of turkey day has fallen a whopping 78.4%!
Here’s how many ounces of gold it has taken to buy all the ingredients for the average Turkey day dinner since 2001 (we used the gold price on Nov 1 each year, or the first day of trading that month).
As usual, silver’s ratio to a Thanksgiving meal is even more dramatic.
It took 8.3 ounces of silver to fund your Grandma’s turkey feast in 2001, but now it only takes 2.1 ounces. In other words, 74.6% less silver is needed to fund the exact same meal today than 20 years ago, even though the price of that meal has risen…
Let’s be clear about this: Not only have silver and gold preserved our buying power, when it comes to Thanksgiving dinner they’ve increased it. This is the real value of monetary metals. Since they’re money, it’s what they can buy us that matters at the end of the day, not to mention that their next spike could be one for the record books.
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