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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.74

-1.2%

Dec 31 4:00 PM EST

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To: E. Charters who wrote (85519)	5/19/2002 9:53:55 PM
From: long-gone	Read Replies (1) of 116836

<<I have difficulty with some of the figures. In 1929 in NY state the per capita income was 1152 dollars. In year 2000 it was 34,547 dollars. That is a factor of 30 times. Yet the inflation index is only 10.33 times today's dollars. Were times so hard then? My father owned a car, and a lot of people owned their own houses. Of course personal income tax or many other (sales, manufacturing) taxes did not exist then. You could deduct 50% for that. But that still leaves a gap. I don't think people were that badly off compared to today.>> All depends on "which people" and "where" you speak. In 1929 eastern New Mexico only 1 in every 750-1000 people owned a car - despite the massive number of miles to anywhere or anything better. There, they knew of the "Great Depression" not because they didn't have any money but, instead, because not even the "rich" had money.

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