20 Cents for Gas Shows the Power of Silver
Take a look at this picture, taken at a gas station in Ashland, Oregon, May 2011:
See what I mean?
The gas station is accepting payment for gas in the old, un-debased version of the currency.
A gallon of gas was nearing $5 per gallon at the time the picture was taken. Two old 90% silver dimes were worth about $5.00 of the newer 0% silver dimes and quarters. If you'd saved your money in plain ol' currency back before the Treasury pulled another fast one, you'd be able to buy about a gallon and half of gas for $0.20.
We often tell people to start saving their nickels. This is why. This isn't a get-rich-quick scheme. It's not even a get-rich-slow scheme. It's a don't-get-hosed-by-central-bankers scheme.
Note that for all the years that dimes and quarters were 90% made of silver, the price of gas was around two of those (mostly) silver dimes.
Also note that there is a red line that shows the inflation adjusted gas prices. When the currency was sound and stable and the Dollar price of gas was stable, people were better able to afford gas. This is because prices were stable as incomes were rising, a condition that Keynesians generally can't stand.
(And heaven forbid prices actually fall slightly while incomes stay the same or even rise slightly. That sort of "deflation" is to be stopped at any cost.)
But see what happens when the silver is removed from the coinage in 1964? The price trends up a bit. And then after the US Dollar is entirely cut from gold in 1971, the price of gas really started to move in Dollar terms. There was a spike leading up to 1980, a slight drop and leveling off for years (for various reasons we won't go into now) and then it was back off to the races.
In 1918, a gallon of gas was about two 90% silver dimes. In 1928 about the same. And in 1948. Fast forward to 2011 and a gallon of gas is still about two 90% silver dimes, despite the rise in price in terms of the debased currency that really got going in 1974.
Even with all the Hunt Brothers drama and attendant price drops after 1980, silver's price movements in Dollars looks suspiciously like that of a gallon of gas…
Source: SilverPrice.org
You see, a gallon of gas isn't getting expensive. Your currency is getting cheaper. Has been for a long time, since the official closing of the gold window. The speed at which it's getting cheaper appears to be accelerating, too, as the central bank creates unprecedented amounts of new cash – unbacked by anything commodity or productive activity of course – to inject into the economy.
Silver Dollar Pricing - News
But see what happens when the silver is removed from the coinage in 1964? The price trends up a bit. And then after the US Dollar is entirely cut from gold in 1971, the price of gas really started to move in Dollar terms. There was a spike leading up
This will more than likely be the last buying opportunity at these prices. When this pullback bottoms out, look for the buying opportunity of a lifetime. For those who are thinking of buying gold and silver, dollar cost averaging into a position is the
The gold price has traded as high as $1643.70 and as low as $1618.80 while the spot gold price was adding $16.10, according to Kitco's gold index. Silver prices were up 94 cents to $40.25 an ounce. The US dollar index was up 0.19% at $74.46 while the
Follow me on Twitter! If you want daily, or nightly, up-to-the-second market analysis on gold and silver price action, then follow me on Twitter. It's free, too. My account is @jimwyckoff . By Jim Wyckoff of Kitco News; jwyckoff@kitco.com.
The gold price has traded as high as $1634.50 and as low as $1608.20 while the spot gold price was shedding $5.70, according to Kitco's gold index. Silver prices settled down 79 cents to $39.30 an ounce. The US dollar index was up 0.84% at $74.37 while
How To Calculate Silver Dollar Values And Other Junk Silver Coin ...
How To Calculate Silver Dollar Values And Other Junk Silver Coin Prices
Junk silver coins are old US coins that contain silver. Up until 1965, US coins were minted with a 90% silver content. They are a great way to invest in silver but you should know a little about the different coins before buying them. This information below should help you also calculate Silver Dollar Coin Values and other Junk Silver Prices
Junk Silver Coin - Silver Content (ounces) Peace Dollar 1921-1935 0.77343
To calculate the value of each coin get the current silver price from the website linked below and then multiply that by the silver content in each coin. So for example if the Silver Price is then the value of a Morgan Silver Dollar is 16×0.77343=.37.
Remember that when you go and buy these coins the dealer may quote the price in terms of “face” (i.e. face values) in the above example he might quote you 12.3 times face. It is always handy to know the spot price of any coin before buying it so you know how much premium you are paying. For these kind of coins in small amounts it is not unreasonable to pay up to 20% and this premium will get less the more you buy.
The advantage of junk silver coins over buying one ounce silver rounds is that junk silver coins are lower denomination – they are smaller amounts of silver meaning 1) you can start investing in silver for much less (a silver dime will cost you under ) 2) for those people who see buying silver as a good hedge against financial collaspe. The low denomination of junk silver coins makes them an ideal bartering tool. Yes I am sure someone will give you a loaf of bread for your ounce of silver but it was a very expensive loaf!!!
Chris Interviews Ted Butler: The End of Silver Price Manipulation www.chrismartenson.com 2010 has been an exceptional year for silver. The price has increased over 50% to-date, and the CFTC (the US commodity regulatory body) issued a statement last month admitting that the market price of silver may have been (and still may be) fraudulently manipulated. An investigation is underway. Ted Butler is one of the pre-eminent commentators on the silver market. In addition to his decades following the metal, he’s spent years raising suspicions about silver’s suppression by a few large banks taking on egregiously large short positions. The current CFTC action is a direct result of Ted’s activism. In the podcast below, Chris conducts an in-depth interview with Ted focusing on the most important aspects that anyone interested in silver needs to know now. In short, Ted predicts the imminent end to the manipulation will ultimately send the price higher – much higher.
Silver Dollar Pricing - Bookshelf
North American Coins & Prices: A Guide to U.S., Canadian and Mexican Coins
53.50 Madison / Bill of Rights Date Price 1993 2 coin set: uncirculated half dollar and silver dollar; KM240, 241. 37.00 1993 2 coin set: proof half dollar ...Silver Dollar
Some say, stop the coinage of the silver dollar. But if this were done, the market price of silver bullion would sink from 93 to about 70 cents per ounce, ...The Official Blackbook Price Guide to United States Coins
SILVER DOLLARS EARLY, 1794-1804; PATTERNS, 1836-1839; ... The word "dollar" is a corruption of Taler or Thaler, a large silver coin widely distributed in ...Public policy
Our statement made above was "at the present price of silver. ... gold dollar and a silver dollar, each worth the same as an equal weight of the bullion it ...Public opinion
Railroad rates have not been reduced to keep pace with falling prices and ... The silver dollar is now hc-M up to the goH dollar by legal-tender laws and ...Knowledge Base Directory
Silver Dollar Prices | The No.1 Place to Buy Silver Dollar Coin
Enjoy checking and shopping for silver dollars prices, old silver dollar prices, morgan silver dollar prices, 1921 silver dollar prices, silver dollar coins
Silver Dollar Values: Check Here for Silver Coin Dollars with ...
While past price appreciation never guarantees future growth, these silver dollar values have consistently trended upward over time. Check out these silver coin ...
Silver Dollar Prices - Silver Dollar Values - Rare Silver Dollars
Silver Dollar Values - Get information on rare silver dollars and collecting other rare coins online at SilverDollarPrices.org.
Morgan Silver Dollar Prices - Morgan Dollars Value - Grading ...
Morgan Dollars Value - Get information on grading Morgan dollars and other collectible coins online at MorganSilverDollarPrices.com.
Peace Silver Dollar Coin Prices
At this time, Morgan Silver Dollars were also being produced. ... Value and price of the peace silver dollar are also indicated under the VAMs classification system. ...