Gold versus pot graph

I was wondering if a financial boffin might compile a gold versus pot graph timeline since around 1987.

Talking of pot, had an old ex surfer in at work today and he said that when he was younger, surfboards cost a week's wages. My son just bought a new board, $1000. He's in his 20's, so that means the average wage of people in their 20's should be about $52 000/year. How do we find out what the average annual income of different age groups? He tells me the average medium quality board is about 800 - 850 so that puts the average wage in the 40's.

Back to herbal medicine, now an oz of pot is worth, what $320? I don't know, but when I was in my 20's it was about $120? from memory, a very hazy memory.

Now using the RBA's ganja inflation calculator here: type RBA inflation calculator into google and comparing the dates 1985 and 2011, it seems that the price of pot has kept close to inflation and maybe even exceeded it. It turns out that $120/oz in 1985 is worth abiot $337 in 2011.

Growing pot is an inflation hedge apparently. And of course if you are into the farming of illegal vegetable matter - then it naturally would be tax free!!!!

And when the cops turn up to raid you for growing it, you plead ignorance. It's not a crop officer - it's a HEDGE!!!

Well in the 70s it was $30 an ounce . When i was a 1st year apprentice i was getting $58 a week so its about the same now ....half your weeks wages

Mmmmm free speech? According to the RBA's gunja inflation calculator (and I still can't post links), it was cheaper in the 70's compared to now.

And according to this report:

In Marijuana and Youth (NBER Working Paper No. 7703), authors Rosalie Pacula, Michael Grossman, Frank Chaloupka, Patrick O'Malley, Lloyd Johnston, and Matthew Farrelly

prices tripled from 1982 - 1992, while from 1992 until 1998 prices fell 16%.

link test

Amusing post last night by the way paranoid. Its just this kind of hilarity that will please the investors.
(Dont click links, its a random google)



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Mmmmmm that's interesting, I had a big long reply and now it's gone. Oh well, start again.

The actual prices of pot historically are difficult to obtain. Some think the market is manipulated, I am of the other school which lays the blame for a lack of data clearly at the feet of producers using substandard or even non- existent accounting methods. This selfish and incompetent bookkeeping practice has made my research difficult, however I have spent over 45 minutes googling so I think I have the facts down 100%.

One problem though, I had to use US data for the 1970, 80's and 90's - but for the 2000's and present day it was much easier, I used the Dutch Marijuana Fix price, available at all coffee shops in Amsterdam. Prices per ounce or gram were converted to troy ounces, and I used the historical average gold price in USD to create the ratio.

All are averages, and some I even used a calculator to do - others were just guesses.

@ The Pope, I don't know what this will achieve, but at least you got a chart. As I can't upload images on this forum, I have uploaded it to the other forum, and kept it pretty obscure so that The Pelican doesn't kick my butt. It's in the Gold sub-forum, entitled "GPR"

I think the chart has a limited life expectancy on SS. The Pelican has questioned its relevance, I will avoid SS until this all blows over as I do not want to explain myself, as I have already received PM's in the past from him telling me to stop being a dick etc.

Of course, it doesn't help when certain members make suggestive follow up posts. You know who you are!

Yes the lesbian is probably on duty and felt obligated to spill the beans.
Just spray some air freshener round and maybe gold pelican wont realise

Did i say thanks?
GReat work?
I'm no TA but
I have a feeling at some point an ounce of pot was the same price as an ounce of gold
And i'm wondering with all the inflation in other commodities, why pot is stagnating.
Is this an investment opportunity going under the radar?
Does your analysis suggest its time to be pot stacking?
Letme stress again that i'm no TA

You are welcome TP. What does TA mean?

I'd say it was a pound of pot was the same price as an ounce of gold, and that was during the 80's.

No pot would not make a good investment, because:
(a) like gold confiscation in the US after the 30's, the government has made pot ownership illegal. The government does this so it can seize your mary-j assets and burn them (or unscrupulous law enforcers can flip the product and onsell)
(b) gold is currency, it never rusts, it is scarce, it is difficult to get, it is malleable, it is beautiful and causes euphoria - pot only causes euphoria
(c) the only positive about pot as an investment is it is one of only a few commodities traded in a market that is not manipulated in order to further the interests of the mega wealthy (the mega wealthy are addicted to cocaine and extra-marital sex)

a TA is someone who can make sense of graphs and knows what an elliot wave curve is
At least I think thats what it means, but I'm no TA
Your hours of great research and TA work were shitcanned by the investors.
Shame really.
I cant help but feel partly responsible for asking such a stupid question

You mean Total Asshole then? They can FULLY understand that Technical Analyst stuff. Yes i will hold you partly responsible LOL

I was reading a history of venetian trade beads today. As you do.
and came across an interesting historical trading ratio

Im thinking of writing a book called poor dad poor dad on the value of glass beads.
Did you know the traditional glass bead/ Made Beaver ratio is 6 to 1?

"Early Spanish Conquistadors and Priests traveled from the Florida Keys to California. In 1741, the Russians reached the coast of Alaska and from there down the western coast of North America. A North West Company trader, Alexander Mackenzie, crossed Canada to the Pacific Ocean in 1793. All of these explorers, as well as David Thompson and the Lewis and Clark Expedition, carried glass beads for presents and as a medium of exchange in dealing with the American Indians.

Bead prices varied with location, demand, and how bad Indians wanted a particular bead. When trading for beaver pelts, the Hudson's Bay Company used a standard value based on made beaver...a made beaver was stretched, dried, and ready for shipment. Records from early trading posts show a made beaver was worth: six Hudson's Bay beads; three light blue Padre (Crow) beads; two larger transparent blue beads.

."

Beads for beavers? Mmmmmm. Apparently in New Orleans (I don't think it exists any more, George Bush flushed it into the Gulf of Mexico) on one particular day of the year, you could trade beads for boobs. I'm unsure of the ratio, or the quality of either bead or boob.

I will visit ebay and buy a variety of beads and present them to my wife. I will report back with statistics of how many beads I was required to trade with her before she granted my wish.

Make sure its Made Beaver for accuracy

remembering that "a made beaver was stretched, dried, and ready"

The Pope wrote:Make sure its Made Beaver for accuracy

remembering that "a made beaver was stretched, dried, and ready"

I don't like my boobs stretched and dried, more plump and bouncy. And I don't mean they're my boobs, you know, more like, the type of breasts I prefer.

Paramoid its not my job to give you the birds and bees talk. But I'll give you a clue- the beaver is the area with hair around it. (the smelly end)

This topic was too good to share amongst just 3 members so I've taken it to silverstackers.

You can add to it there with the results of your experiment to see what todays bead/beaver ratio is/

Yes TP, I see this topic has migrated (that's modern tech talk, but fucks me what it means) over to that other forum. Your upcoming novella should receive rave reviews from The Investors.

Might I suggest a tour upon release. Go down to Circular Quay and catch the ferry to Manly and back. That should generate some interest.

Paranoid wrote:

The Pope wrote:Make sure its Made Beaver for accuracy

remembering that "a made beaver was stretched, dried, and ready"

I don't like my boobs stretched and dried, more plump and bouncy. And I don't mean they're my boobs, you know, more like, the type of breasts I prefer.

I don't like your boobs stretched and dried either

Dogmatic wrote:

Paranoid wrote:

The Pope wrote:Make sure its Made Beaver for accuracy

remembering that "a made beaver was stretched, dried, and ready"

I don't like my boobs stretched and dried, more plump and bouncy. And I don't mean they're my boobs, you know, more like, the type of breasts I prefer.

I don't like your boobs stretched and dried either

Ive heard theyre great on toast with eggs

FREE SPEECH wrote:

Dogmatic wrote:

Paranoid wrote:

The Pope wrote:Make sure its Made Beaver for accuracy

remembering that "a made beaver was stretched, dried, and ready"

I don't like my boobs stretched and dried, more plump and bouncy. And I don't mean they're my boobs, you know, more like, the type of breasts I prefer.

I don't like your boobs stretched and dried either

Ive heard theyre great on toast with eggs

Hey! whose supposed to be Butch round here?

Tethlon wrote:

FREE SPEECH wrote:

Dogmatic wrote:

Paranoid wrote:

The Pope wrote:Make sure its Made Beaver for accuracy

remembering that "a made beaver was stretched, dried, and ready"

I don't like my boobs stretched and dried, more plump and bouncy. And I don't mean they're my boobs, you know, more like, the type of breasts I prefer.

I don't like your boobs stretched and dried either

Ive heard theyre great on toast with eggs

Hey! whose supposed to be Butch round here?

This place is full of imposters theres even some dickhead that thinks hes john wayne

I think Marion above was a little butch in his day

Dogmatic wrote:I think Marion above was a little butch in his day

Who the fucks Marion?

Tethlon wrote:

Dogmatic wrote:I think Marion above was a little butch in his day

Who the fucks Marion?

That was johns real name no wonder he changed it.
his parents either wanted a girl or wanted him to be a good fighter