In 1950, a gallon of gas cost right around 25 cents. Silver was 75 cents an ounce, so an ounce of silver could purchase 3 gallons of gas. If you used US quarters (90% silver, in circulation), you could have bought more, about 5.5 gallons.
A US quarter contains 0.181 troy ounces of silver, so you would need 5.52 quarters to equal an ounce of silver, or, roughly, in 1950, $1.38. With that, you could have basically purchased 5.52 gallons of gas. So, even back in 1950, the trading price of silver (0.75) was actually lower than the amount of silver in circulating coins ($1.38).
Fast forward to 2020, where the price of a gallon of gas is around $2.00 and an ounce of silver is $28. Today, with the same ounce of silver you had in 1950, you could buy 14 gallons of gas. If you use US quarters (taken out fo circulation in 1964), which are now worth $5.00 each, the same 5.52 quarters are worth $27.60, or roughly the same as a raw ounce of silver.
Either way you slice it, the value of a dollar has declined significantly against silver (and gas).
How much? A lot. If you use the price of one ounce of raw silver, you could purchase nearly five times the amount of gas today than you could in 1950. If you used 1950 quarters (circulating) today (not in circulation), you'd get a little less than three times the amount of gas.
Here's another calculation we can make: since the price of silver was much lower than the value of circulating currency (quarters) in 1950, in fact, the price of silver was just 54% of the circulating currency, which is why coins stayed in circulation instead of being melted down for their silver value because the coins were worth much more than the actual raw metal. That's what currency in a strong economy looks like.
Taken in 2020 terms, if the price of silver is still just 54% of what it should be, the price of silver should be $51.85 and those 5.52 quarters would be worth not $5.00 each, but $9.39.
It gets worse - for the US dollar, that is. Because of inflation, which is, in reality, the gradual destruction of the value of a currency, gas, that was 25 cents a gallon in 1950, is now $2.00 a gallon, so we are getting just 1/8th of the 1950 value in current dollars, or 12.5%, meaning that since 1950, the value of the US dollar has fallen by 87.5%. OUCH! This is what the Federal Reserve calls "stable prices."
So, in dollar terms, the real price of silver should be eight times what it is today, and then it would still have to be reajusted upward because that number would still be 54% lower than what it should be.
Here's the math: price of silver today ($28.00) x 8 = $224. Now, since that's just 54% of its true value, ($224 x 100) ÷ 54 = $414.81. There you have it.
The price of silver (in US dollars) has been kept down purposely so that people would not be clamoring to go back to a gold or silver standard. In the early days of the United States of America, the country was on a bi-metallic standard, using gold and silver as currency, according to the constitution. The Federal Reserve Notes (FRNs) issued by the Federal Reserve (a private bank, BTW) are not constitutionally-mandated currency.
Now, many people think we should be going back to a gold standard. Here are some truly amazing numbers about how much an ounce of gold should be worth today. At the current gold-silver ratio of 70.35 ($1970:$28), using our $414.81 (let's just round up to $415) price of silver, an ounce of gold would be a staggering $29,195.25.
Since the current gold-silver ratio is way off the traditional, time-honored measures of 16:1 or 12:1, an ounce of gold would be, at those ratios, $6,640, or $4,980, respectively. Since gold bugs won't be satisfied with those figures, and most rational people would be happy with a gold-silver ratio around 25:1, or $10,375 per ounce of gold.
This is why, when people say the central banks manipulate the price of gold via the spot price and futures trading, they're missing the point. Central bankers truly do hate gold - it's competitive currency, after all - but they really hate silver much more and there's evidence of it. Once you do some reading on the Crime of '73 and here, you'll understand why central bankers have a standing obligation to keep the price of silver (and gold) at criminally low levels.
NEXT!
People who are older are at greater risk for serious illness, and possibly death, from Covid-19. The CDC reports that 8 out of 10 Covid-19 deaths reported in the U.S. are people over 65 years old.
That's an honest and correct CDC statistic. There have been 186,000 deaths attributed to COVID-19 in the United States. Just on this data alone, the number of deaths of people younger than 65 is 20% of the total, or 37,200. In a population of 330 million, that makes the chances of anybody under the age of 65 dying from COVID-19, 1-in-8870, or 0.0088%, or less than one-tenth of one percent, which would be 0.01%.
This is THE point. If the chances of dying from this so-called "killer virus" is so small, why then did governors across the country issue maddeningly-restrictive conditions on the general population, including closing businesses for weeks or months, shutting down schools, churches, any gathering of more than 15 people, various quarantines, ridiculous amounts of testing with tests that were wildly inaccurate, mandatory mask-wearing and all the rest of the absurd social distancing requirements?
The very best one can conclude from this six-month episode which cratered the global economy is that government reacted far too ham-handedly and excessively cautiously in its efforts to safeguard against the spread of COVID-19, which managed to spread itself quite readily, regardless.
The federal and state governments have acted in wholly irresponsible manners regarding a virus that is not even as deadly as the common flu variant, bringing people to the point of asking whether the governors, mayors, county officials, and hospital administrators were willfully negligent in their response to the virus.
It would seem sensible to most people that causing a nationwide panic would lead to worse outcomes overall than the virus itself posed. The mainstream media, which promoted the virus as a deadly health risk when it was only deadly to people with existing medical conditions, is equally at fault for pushing the narrative of the medical community, which, from day one never advised anybody to strengthen their immune systems, whether it be through healthy eating and exercise or a regular regimen of vitamins C, D3, Zinc and green tea, a preventative measure that has proven effective.
While the CDC's findings that only six percent of the deaths attributed to COVID-19 were caused by that alone is damning evidence enough, an understanding that the general population was never at any serious health risk goes against the grain of the roles of government, media, and the medical community, which is to work for the good of the general public. The actions of governors, mayors, medical practitioners, and mainstream media outlets has been poor public policy at best. At worst, their actions have been nothing short of a criminal conspiracy intended to cover up the foundational cracks in the economy, to shroud radical policies by the Federal Reserve that have bankrupted the country, and to undermine the re-election of Donald Trump to the presidency.
Would that the people of the United States could levy an indictment against the elite individuals, organizations, and institutions upon which the people entrusted their very lives, the evidence would indicate that decisions were made rashly, irresponsibly, and without regard to the well-being of the public.
The case for universal mask-wearing, social distancing, and some mendacious, profit-driven push for a vaccine is closed.
None of it was necessary. The American people - and people in nations around the world - have been duped once again, this time with the implicit assistance of social media companies which censored and banned the truth from emerging.
It is well past time for people to wake up to the reality of the situation: that the government/media/medical cabal engineered a diabolical panic for personal, political, and economic gain.
The vast majority of people in America and especially anybody under the age of 40 in good health should remove their masks and loudly proclaim, "we do not believe you. We do not consent."
This was a scam from day one.
Case closed.
At the Close, Tuesday, September 1, 2020:
Dow: 28,645.66 +215.56 (+0.76%)
NASDAQ: 11,939.67, +164.17 (+1.39%)
S&P 500: 3,526.65, +26.34 (+0.75%)
NYSE: 13,113.74, +68.14 (+0.52%)
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