1999 to 2011

WilD_CaT said:
A Short History of Gold in the South African Monetary System
By Chris Becker

http://www.mises.co.za/2011/12/a-short-history-of-gold-in-the-south-african-monetary-system/

This should explain one of the primary reasons why prices have risen so much.
Click to expand...

Thanks, good article even a idiot can follow!

While reading it I clicked where the phrase 'as good as gold' comes from :D

What gives governments the right to monopolies the monetary systems? The world would be better off without government interference.
 
stupid depressing thread.

// kicks thread.

Wish my salary did that :(
R5500 x 4.7

That would be nice.
 
1994 - bottle of wellington, 2liter coke and Chesterfield 20's(do you still get this) = +/-R20
today - Cheap Scotch, tap water(mix is to expensive) and Camel = +/- R120
 
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I miss the days of getting R5 for lunch at school.
And the days when you got R10 - R20 you could buy food for your friends also!!
 
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The_Unnamed said:
I miss the days of getting R5 for lunch at school.
And the days when you got R10 - R20 you could buy food for your friends also!!
Click to expand...

We had this one bloody rich kid at school, his mom gave him R10 we only got R50. With that he bought about 1000 of those 1c ysies and shared it with all his friends.
 
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When I was in school - R10 rand filled my bikes tank and bought me smokes and some eats...

Bennie & Hennie Special Mild cost 20c a packet... Camel was expensive - 50c a packet!!
 
I think I am older than many of you folk. I was in school when the Rand was introduced in 1961. During my last 2 years at school, I got R1 a week pocket money. My teacher told me I was spoiled as most boys in the class received between 50c and 80c. After 3 years at UCT my first job paid just over R 100,00 a month and with that I bought a car and spent quite a bit on hi-fi equipment.

Although we talk about the old days when things were cheap, I really think that most things are cheaper today. Today's earnings are about 900 times what they were in 1967, but a new car, which cost R 1500 in 1967, does not cost R 1.35 million today (talking about a regular car like a Toyota Yaris, not a Ferrari) and my first house, which cost R 15000 then, sold recently for R 1.6 million, whereas if it had kept up with earnings, should cost R 13.5 million. On the other hand, the price of petrol, once 17c/litre, is now 60 times more expensive than in the late 1960's.

Just to make you envious, I went to a Beatles Concert at Wembley Stadium in 1965, after they returned from the first USA trip. It was a fabulous event, but I was so far back that I had to use binoculars to see the musicians on the stage. It was Britain's first really big outdoor rock concert and the sound could be heard 20 miles away. It took 5 hours from the time the concert ended to get back home.
 
ponder said:
Thanks, good article even a idiot can follow!

While reading it I clicked where the phrase 'as good as gold' comes from :D

What gives governments the right to monopolies the monetary systems? The world would be better off without government interference.
Click to expand...

Nothing gives them the right. They simply have the means to enforce their rule via courts/police/army so there is little you can do about it. But government also has an incentive to centralise and monopolise money for its own benefit. This is why it has happened across the whole world.
 
Usually while I was still studying in 1999 when I got home I paid R10 for THREE Black Label quarts. This was when I went to visit my folks for the weekend. My first stop was always to get sloshed before I go home.

Today I have to pay R30 for those same three beers!!!
 
I think a Castle draught was R2, on special even less. I do remember part of a night when it was R1 a draught, but that could have been a few years before 1999.
 
Ahh.. the good old days. No microwaves, no tv (in SA), apartheid that made you ashamed when you went overseas, smallpox hadn't been eradicated, air travel was expensive but you could go by ship at 1/4 the cost, strip roads in Southern Rhodesia, no open heart surgery, no MRI scans, ddt, the Woodstock Festival in 1969, miniskirts and London in the swinging 60's.
 
You shouldn't be at all saddened by this...
Unless your wage is the same as it was in 1999.
 
chrisc4290 said:
Ahh.. the good old days. No microwaves, no tv (in SA), apartheid that made you ashamed when you went overseas, smallpox hadn't been eradicated, air travel was expensive but you could go by ship at 1/4 the cost, strip roads in Southern Rhodesia, no open heart surgery, no MRI scans, ddt, the Woodstock Festival in 1969, miniskirts and London in the swinging 60's.
Click to expand...

Didn't Chris Barnard performed the first open heart surgery in South Africa or was that just the first heart transplant.
 
In 1996 there was a promotion for 500ml Coke @ R1-00, in a glass bottle with a few cents for the bottle as refund.

I got R2-00 pocket money a month in the 80's and that was enough for a slab of chocolate and a handful of toffees, etc.
 
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