munKNEE.com Your Key to Making Money
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…
Conclusion
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.
- Click the “Like” button at the top of the page if you found this article a worthwhile read as this will help us build a bigger audience.
- Comment below if you want to share your opinion or perspective with other readers and possibly exchange views with them.
- Register to receive our free Market Intelligence Report newsletter (sample here) in the top right hand corner of this page.
- Join us on Facebook to be automatically advised of the latest articles posted and to comment on any of them.
