How Much Silver Do I Need For That Loaf Of Bread?

Hyper-Inflation coming to your town soon

well if copper was 8 bucks a pound how many copper cents change do I get

just trying to figure out the value of metal in 2014?

google hyperinflation

don't come over to the main forum often, but I really should!

would have to disagree with this one though:


If silver hits $75, it'd be certain that the dollar would be worth a lot less. So, more likely that you'd be not as poor with silver, but not rich with it.

I occasionally use PM price histories (sometimes over periods of 100 years or more), to relate the prices of common items to buy now, against those items a long time ago.

Ugly: The general average rate of inflation for an otherwise stable economy of a country is around the 3.5% to 4.5% per annum mark.

So, if you key in say 4% on a calculator with an exponential function over the the number of years you are looking at, you have a rough measure of what a predicted price should be.

For example, say I bought a coin for $10.00, 22 years ago.
At 4% average inflation over 22 years the price of that coin is now 2.37 x $10 = $23.70. Such a coin would have gained no real value at all, according to this calculation. It would not have lost any value, either.

With this information, you then check the calculated price against current market values. If the current market value is $48.00, you have doubled the value of your investment in real terms, over 22 years.


(In my case that is easy, I mark the purchase price and date on the 2x2 which holds the coin.)

Rough rule of thumb for any investment:
'The Rule of 72'
If you divide 72 by a %age rate, that will give you the number of years that an investment will numerically double in value.
For example,
72 divided x 4 = 18 years.
Like I said, a rough rule of thumb. It doesn't agree exactly with the calculation above. Useful with mental arithmetic, when you don't carry a calculator, perhaps at a coin show.