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Old 09-19-2012, 19:21   #1252
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Join Date: Nov 2009
Location: north central Illinois
Posts: 311
In 1964, silver was at #1.21 per troy ounce. Aroy ounce of siklver could make 5 1964 quarters (90%) silver.

A gallon of gas cost 25 cents in 1964.

Now, 48 years later, a gallon of gas costs $4.02 and silver is valued at $34.66 per troy ounce. It would take one troy ounce toi make five 1964 quarters (still after all these years) and a single 1964 quarter is valued at $6.24. In other words or in another way of looking at it, that sqame 1964 quarter would now buy buy one and a half gallons of gas.

tangible value is just that, it's tangible, while fiat currency is soon to be worthless.

I am converting my worthless fiat currency in my savings account into silver and gold as fast as possible. Not as an investment but because i want to transport whatever wealth i have today into whatever replaces the dollar sometime in the future.
"America" is the best idea we ever had. The only way to destroy an idea is to kill everyone that believes in it and I am not dead yet."
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