Jim Taylor
Inflation
Wednesday, August 09, 2023, 06:53

1888 $20 Liberty Head Gold Coin

A Colt SAA was priced between $14 and $17 in 1880's. If you bought a new Colt SAA and paid for it with a $20 gold coin you received change.

If you have that same 1880's gold coin today, you can still buy a Colt SAA with it and, depending on the condition of the coin, you would still receive some change.

In the 1880's it took 20 of our US Dollars to get that gold coin. Today, again depending on the condition of the coin, it takes between 3000 and 4000 US dollars to get the same coin.

I realize that this is a simplification and it does not apply literally across the entire economic sector, but it is a good indicator of how our government has constantly de-valued the money over the years. It's not that prices are going up. It's that the money is becoming worth less and less.

My Opinion: It will not get any better.