Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Fumesucker

(45,851 posts) Sun Apr 15, 2012, 04:49 PM Apr 2012

In 1912 the price of a top quality men's tailored suit was about the equivalent of an ounce of gold. [View all]

In 2012 the price of a top quality man's tailored suit is..

About the equivalent of an ounce of gold..

Someone who watches the markets a lot told me that today, it sounds like it may be in the ball park.

Discuss?

38 replies

= new reply since forum marked as read

Highlight:

In 1912 the price of a top quality men's tailored suit was about the equivalent of an ounce of gold. [View all] Fumesucker Apr 2012 OP

And that was like 20 dollars? zeemike Apr 2012 #1

28 grams to the ounce and the 20 dollar piece weighed 33 g.. Fumesucker Apr 2012 #2

Troy Ounce, Sir, About 31 Grams, is Used For Precious Metals The Magistrate Apr 2012 #8

I used to know that, slipped my mind, thanks for reminding me. Fumesucker Apr 2012 #10

No it was mixed with 10% copper because gold is too soft. Lucky Luciano Apr 2012 #17

Not Sure What You Think You Are Correcting, Sir The Magistrate Apr 2012 #19

I don't know of it being considered one ounce of gold. Lucky Luciano Apr 2012 #20

Check The First Parenthetical, Sir The Magistrate Apr 2012 #24

Ah missed the first parenthetical and reacted to the second. Lucky Luciano Apr 2012 #25

How much did it cost in Morris County, New Jersey? FarCenter Apr 2012 #3

Good find.. Fumesucker Apr 2012 #5

If you look at the various categories of goods, some have gone up x10 and others x100. FarCenter Apr 2012 #12

Yes, we could.. Fumesucker Apr 2012 #14

An old Adage lacrew Apr 2012 #4

There's another lesson I think.. Fumesucker Apr 2012 #7

I have also heard there is more 'Paper' out lacrew Apr 2012 #16

Yup, paper gold = no hedge against inflation. Zalatix Apr 2012 #28

And a decade ago it would have bought you a cheap suit n2doc Apr 2012 #6

I don't recall claiming there was anything "magical" regarding gold.. Fumesucker Apr 2012 #9

Sure. You were claiming that it is an inflation hedge n2doc Apr 2012 #18

I didn't make any claims at all.. Fumesucker Apr 2012 #26

LOL, well said. Zalatix Apr 2012 #29

Depends on the opinion of what a "top quality man's tailored suit" is. flvegan Apr 2012 #11

Armani is evidently around $2K now.. Fumesucker Apr 2012 #13

Didn't someone do this with a Harvard education recently? Robb Apr 2012 #15

We Went Off The Gold Standard In Order to Pay for a Global Military Empire Yavin4 Apr 2012 #21

About 50 years ago safeinOhio Apr 2012 #22

Irrelevant since we started using gold industrially. saras Apr 2012 #23

Could you elaborate a bit? n/t Fumesucker Apr 2012 #27

Gold Was $35.00 an Ounce in the Late 1970's zorahopkins Apr 2012 #30

I might even have a Silver Certificate around here somewhere.. Fumesucker Apr 2012 #34

It used to be that gold was worth what you could buy a man's suit with in Cleita Apr 2012 #31

An Armani suit is $2,000 give or take a bit.. Fumesucker Apr 2012 #33

What Would Frank Zappa Say? slackmaster Apr 2012 #32

that suit was made in america and could have been union made.... madrchsod Apr 2012 #35

Soup and sandwich are not a meal, Jerry. n/t DefenseLawyer Apr 2012 #36

Depends on how much money you have.. Fumesucker Apr 2012 #37

It was DefenseLawyer Apr 2012 #38