True prices measured in gold
This final note, which will appeal to the Ron Paul fans out there. His best-known saying is “end the Fed,” of course, followed closely by, “it’s only money if you pull it out of the ground.” By which he means gold.
Anyway, I clicked on college tuition and it turns out that, if you’re paying in gold, a year at Yale University costs about the same today as it did in 1900. One kilogram.
‘Course, today there’s that price of gold thing to deal with. Today, ’bout $1,700 an ounce.
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