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5,886 Views • 10 months ago • Click to toggle off description
How much gas can you buy with a single silver coin today? The answer might surprise you!
#silver #silvercoins #silverprice
Views : 5,886
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Uploaded At 10 months ago ^^
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RYD date created : 2024-12-02T11:50:36.585259Z
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90 Comments
Top Comments of this video!! :3
Yeah good, now to find a gas station that accepts silver as payment…
5 | 1
You have an excellent point! Precious metals keep their value. Sometimes more than what they used to be valued. However where I live you cannot buy a gallon of gas for $3!😂
7 | 3
1.30 for one ounce of silver. Wasnt minimum wage about the same? If thats the case, the minimum wage should be $30.00 per hour
10 | 2
Consider buying Texas oil ETF
8 | 0
In 1942, you could buy 1 gallon of gas
For 2 mercury dimes. Today, those same 2 dimes will buy a little more than that.
14 | 8
I can remember gas selling for a dime a gallon in 1964. If you calculate the value of the silver in a 1964 dime today, you’ll find that you have just about enough dollars to buy a gallon of gas. A little short due to market manipulation, but it demonstrates the point. Between 1964 and now, the value of the silver and gas hasn’t changed. (Don’t confuse price with value. They’re not the same thing.) The value of the dollar, however, has decreased to barely 3% real value (buying power). That is inflation 101. Too many dollars in circulation means that every dollar printed reduces the value of every existing dollar and therefore it takes more dollars to buy the same amount of goods and services.
2 | 2
In california it 5 bucks gas
1 | 0
I love this explanation
| 0
well in california gas is still $5…
7 | 6
May have things changed! I remember buying a 10 pack of baseball cards for 10 cents. Stick of gum included.
| 0
53$ spot or sell privately for 70$ all day long in New Zealand could get yourself half a tank of gas
| 0
Trouble is if it gets to the point where we are trading silver for gas, Gas won’t be $3. More like $50. But I understand your point.
| 2
That is great information...now tell every man, woman, and child in the U.S. and watch realization spread acrosstheir faces!
| 0
5$ gallon in California
1 | 1
That's almost an increase of 3 fold in value
| 0
If you invested that same $1.30 into the S&P 500, you would have $547.79 today. Or enough to buy about 230 gallons of gas.
| 1
Not accounting for the premium though
| 0
Cool👏👏
| 0
Try trading and you will learn different. Be lucky to get any. People are confused.
| 0
@clapclapscream
8 months ago
Yeah but $1.30 compounded at just 5% over 60 years is $33.80 and you can expect more than 5% if you invest in the S&P.
Don’t get me wrong though, I still hoard silver as it’s a more enjoyable way to “invest” (with something readily tangible)
8 | 1