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http://www.economicpopulist.org/cont...istorical-data
This isn't new on iTulip - see the threads on oil vs. gold, dow/S & P vs gold, housing vs. gold and others:
http://www.itulip.com/forums/showthr...d-ratio-update
http://www.itulip.com/forums/showthr...old-Home-Ratio
http://www.itulip.com/forums/showthr...50-in-5-Months
http://www.itulip.com/forums/showthr...t-Eric-Janszen
Similarly Economicpopulist specifically notes that the wages vs. gold measurement is extremely noisy due to variability in labor demand/business cycle stage, dollar as common comparison point, and gold pricing.
But still, instructive:
Chart 2: Average day's wage in gold (1964-2010) (Source: bls.gov)
This isn't new on iTulip - see the threads on oil vs. gold, dow/S & P vs gold, housing vs. gold and others:
http://www.itulip.com/forums/showthr...d-ratio-update
http://www.itulip.com/forums/showthr...old-Home-Ratio
http://www.itulip.com/forums/showthr...50-in-5-Months
http://www.itulip.com/forums/showthr...t-Eric-Janszen
Similarly Economicpopulist specifically notes that the wages vs. gold measurement is extremely noisy due to variability in labor demand/business cycle stage, dollar as common comparison point, and gold pricing.
But still, instructive:
Chart 2: Average day's wage in gold (1964-2010) (Source: bls.gov)