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AAAU - Appreciating Our Current State Of Low Commodity Prices
Goldman Sachs Physical Gold ETF
When I was younger, I had the thought that "a standard of living" was simply a reflection of how much commodities a person consumed. Simply put, a person with a high standard of living consumed a lot of resources to sustain that living standard.
With that same idea in mind, I've been observing the ratio of the producer price index of commodities vs. average hourly earnings as a good measure for the cost of a good standard of living.
This is a really good measure of the state of the working-class American, both lower and