The average US family income in 1971 was a jaw-dropping 252.2 ounces of gold or $1,053,623 at today’s price.
Wages In Gold
October 2 (King World News) – Adam Livingston: Want to have your mind blown?
The median U.S. family income in 1971 was 252.2 oz of gold.
That would be $1,053,623/yr today.
Just in case you think this sounds too ridiculous to be true…
Own hard assets or get left behind.
Big Oil Shock Is Still To Come
Graddhy out of Sweden: Strait of Hormuz tensions are ongoing. The word ceasefire has a new meaning by now.
Posted this chart for the first time 9 months ago at $58.40 low.
Is it an oil shock yet considering price level or impact on costs?
Not yet. But, it is coming.
Is it an oil shock yet considering rate of price change and volatility? Yes.
The big upmove is still to come.
KING WORLD NEWS NOTE: The Big Up-Move To $369 Oil Is Still To Come
Cracks In The Financial System Spreading
Graddhy out of Sweden: Both yields and bonds have now broken out from their green triangles.
KING WORLD NEWS NOTE: Brutal QE Will Be Unleashed At Some Point To Save The US Bond Market
Rates “can not” go up cause of all sovereign debt.
Rates “have to” be raised cause of coming inflation.
Something has got to give.
Right now, yields are moving up.
Brutal QE is coming in order to try and pamper it all over.
Winning?
Luke Gromen: If the oil is flowing freely, & the Iranians have been completely defeated, why would we need another aircraft carrier & 10,000 more troops?
The Hormuz Letter: BREAKING: Oil executives warn US diesel prices will not return to normal for more than a year, with almost half of 100 oil and gas companies surveyed by the Dallas Fed now saying it will take more than four quarters to get back to 2025 levels, per the FT.
“Diesel is the mother’s milk of the economy,” one respondent says. “We are just starting to see the impact on the wider economy.”
Chevron CEO Mike Wirth said two weeks ago that the Great Fuel Crisis executives had warned about has arrived and that the mechanisms mitigating price and supply risk have “largely now played out.”
Middle East War Escalating
Brett Erickson: NEW: With all eyes on the Strait of Hormuz after a vessel was struck by Iran and is currently ablaze, a FAR more significant escalation just took place:
Saudi Arabia bombed the Yemeni capital city of Sanaa…
Ansar Allah (Houthis) will respond, and if past effectiveness of strikes repeats, we should expect to see significant damage within Saudi.
Nice Work Scotty!
White Metal Macro: The $6B Treasury buybacks today CRUSHED the yield on the US10Y to levels not seen since…yesterday. Nice work Scotty!
Norway To Dump $80 Billion Of Us Treasuries
Gold Telegraph: Norway’s $2.3 trillion sovereign wealth fund has proposed significantly reducing its exposure to U.S. Treasuries
Estimates suggest the move could reduce its Treasury holdings by nearly $80 BILLION
In a world drowning in sovereign debt, gold-backed bonds would help restore trust
Roadmap To $7,000+ Gold
Rashad Hajiyev: If gold were to form a higher low or a right shoulder of an inverse head and shoulder’s pattern, then this is how run to $7k plus would look like. A pause around $5k, then $6k and and blow off top to $7k plus in the present cycle within the next 6 months…
ALSO RELEASED!
Gold Price Saw 33 Plunges Of -3.5% Or More In 1980, But Look At How Many In 2026 CLICK HERE.
Companies Are Preparing For Shortages And Higher Prices CLICK HERE.
Panicky Sellers Signal Major Bottom Approaching In The Gold Market CLICK HERE.
BUCKLE UP: We Are Already Witnessing Crisis-Like Volatility CLICK HERE.
The Hidden Criminals That Rig Markets Across The Earth CLICK HERE.
Nomi Prins Says Gold Price Will Soar To $6,000 In 4 Months! CLICK HERE.
There Will Be Little To No Warning When Financial Markets Collapse CLICK HERE.
This Is Why Gold Price Has Been Firmly Above $4,000 Despite Rising Interest Rates CLICK HERE.
Last Time We Saw This It Ignited Historic Bear Markets In 1973 & 2000 CLICK HERE.
Many Investors Have Seen Their Money Frozen With No Access To It CLICK HERE.
We Are Moving Closer To A Shockwave Event CLICK HERE.
© 2026 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
