How Silver Preserves your Purchasing Power - One Page Punch

in #silver8 years ago

Silver Quarter.JPG

In 1960, the price of gas was .25 cents.

The average price of gas in California right now is $2.50 per gallon (80 cents higher than the national average).

If you approach a gas station with a quarter these days, you can't buy much gas.

But if you have a quarter that is from 1964 or before, which is 90% silver and has a value today of 3.02 (check coinflation.com), you can cash in that quarter (at a dealer somewhere) and buy a gallon of gas.

This is an example of how silver is immune to inflation, preserves wealth and protects your purchasing power. Of course, this is at the bottom of the range, we all know silver is massively more valuable than a gallon of gas, and there are items out there that you can't compare the price of silver to...yet.

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people can't see whats right in front of their faces my friend!!!

So true, thankfully there are a few that are looking.

That's the problem my friend, it's just a few that are awake!!

Don't worry Silverbug, when their money either disappears or doesn't work anymore, they'll be a lot more attentive, of course that's after they pass their mad phase.