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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: barrcuda who wrote (79526)	11/22/2001 5:28:29 AM
From: Zardoz	Respond to of 116759

I don't know where you buy your cheap suits from, but my cost 2+ ounces of gold. This is me, flying over you hard working peasants... angelfire.com But I do have this lovely Solid gold Zippo... {I got the idea to buy it from the post back in May 21} Message 15828161 Yeah I bought the Zippo, why not ask me what I have written on it:

To: barrcuda who wrote (79526)	11/25/2001 1:54:12 AM
From: E. Charters	Read Replies (2) \| Respond to of 116759

You could buy a good suit in 1930 for about ten dollars. Or about 1/3 of an ounce of gold. That was not even one day's wages for a gold miner in Kirkland Lake back then. On the other hand, an average labourer made not much more than that a week. As a matter of fact many miners used to cash their weekly paycheck by buying a three piece suit on friday night from the tailor in that town, as the banks were closed on friday night. A friend of my father's once showed him a closet full of suits he had blithely bought just to cash his miner's check. It would be impossible to buy a decent suit today , even a Tip Top Tailor job, for 1/3 an ounce of gold. ($142 CDN) By the 1950's gold miner's were relatively poorly paid. It was an average labour job by 1970. I earned 7 dollars an hour at Kerr Addison in 1977 and made perhaps 15 dollars bonus a day. Sudbury Contact Mines used to advertise for mine labour for $3.50 an hour (CDN) in the seventies! Today there are few gold mines open. Pay varies widely. The high paying mines in the Yukon are now defunct, a victim of Peggy Wittes lack of wisdom in handling labour and lack of progressiveness in reducing costs and increasing recovery. With today's labour market, I will bet people would line up a block long to get 25 dollars an hour to become miners. That rate of pay would be less than half the pay of a stope miner in those Yellowknife mines when they went bust. Some miners earned 160,000 a year with bonus. A good question is what is the actual inflation rate since the 1920's or 1930's. It is not easy to compare costs and disposable income. Is the higher tech lifestyle worth so much more wealth wise? In other words has life and technology improved to the point where the dollar buys more value? It buys less durable goods today in general. Despite the high salaries of today and shorter hours, there is a still a cash crunch given the life style people naturally aspire to. Despite the social security safety net, the poor are just about as miserable as they were then, and finding work that is satisfying to the individual and pays enough to support a family, is as big a problem today as it ever was. Today it is imperative that the wife works, otherwise most families would not operate economically. I would say the economy and the health of the nation needs more repair today than it did in 1935. EC<:-}