In August 1971, President Nixon took America off the gold standard.
In 1971, the median U.S. family income was equivalent to 252.2 ounces of gold.
At today’s gold price, that would be $1,053,623 per year. 🤯
According to the U.S. Census Bureau’s Money Income in 1971 of Families and Persons in the United States, the median family income was $10,290.
Historical data puts the average gold price in 1971 at $40.80 per ounce.
$10,290 ÷ $40.80
= 252.2 ounces of gold.
MattA
npub13l…chmy5
2026-10-02 10:26:02 UTC
Author Public Key
npub13ldzrxwy8x066ll5zf45qtcltms40ld7fsy4rejdlcc64my80lcslchmy5Seen on
wss://relay.primal.netPublished at
2026-10-02 10:26:02 UTCEvent JSON
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"content": "In August 1971, President Nixon took America off the gold standard.\n\nIn 1971, the median U.S. family income was equivalent to 252.2 ounces of gold.\nAt today’s gold price, that would be $1,053,623 per year. 🤯\n\nAccording to the U.S. Census Bureau’s Money Income in 1971 of Families and Persons in the United States, the median family income was $10,290.\nHistorical data puts the average gold price in 1971 at $40.80 per ounce.\n\n$10,290 ÷ $40.80 \n= 252.2 ounces of gold.",
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}