| Author |
 Replies: 20 / Views: 4,116 |
|
Pillar of the Community
United States
586 Posts |
Back in 1960s, 1 oz of silver can buy 4.5 gallons of gasoline. (31c junk silver per gallon) Over the last 50 years, it seems this ratio stay roughly the same; excluding the years when silver spot spiked. This year the US national average gasoline costs about $2.60 per gallon; if using the multiple of 4.5 (historical norm), we should have seen $11.7 per oz. Just another way to calculate  |
|
|
|
Pillar of the Community
 United States
586 Posts |
In the late 90s, I was working in Midwest; still remember gasoline was about $1.09 per gallon. And average silver spot at that time was just about $5/oz.
So the ratio of 4.5 kinda stayed for almost 40 years; unbelievable.
|
|
Valued Member
United States
374 Posts |
Where I live, gasoline is about $1.75! So the ratio for silver:gasoline for me would be 7.5!
|
|
New Member
United States
36 Posts |
and Pluto was a planet and a Brontosaurus was a Brontosaurus.
stuff changes
|
|
Pillar of the Community
United States
1119 Posts |
what is a Brontosaurus now?
|
|
Pillar of the Community
 United States
5828 Posts |
Quote:
gasoline is about $1.75! $1.95 here! |
|
Pillar of the Community
United States
1119 Posts |
|
|
Pillar of the Community
United States
7390 Posts |
$2.69.... stupid California!
|
|
Pillar of the Community
United States
1911 Posts |
I am with Steele... what is a brontosaurus now? Lol, and I wish that ratio was still around. $1.89 x 4.5 = $8.51/oz silver would be nice!
|
|
New Member
United States
36 Posts |
they renamed it to Apatosaurus, then decided that Apato and Bronto were different
Edited by grinx76
12/08/2015 08:59 am
|
|
Pillar of the Community
United States
7390 Posts |
And Bob Bakker is still fummimg over it lol
Edited by Cascade
12/08/2015 08:49 am
|
|
New Member
United States
1 Posts |
With a few of exceptions, a 90% silver quarter has always been able to buy around a gallon of gas. Below is a graph I made that shows the last 50 years with data through 2014. Today, a silver quarter is worth about $2.54, and the national average for gas today is $1.83 (from AAA), so the price ratio between gas and silver does seem a little off lately.  |
|
Bedrock of the Community
Australia
21788 Posts |
One thing is for sure:
Almost all commodity prices are lower, just now.
Another thing is for sure:
Expect a World cyclical price upturn. I can't predict exactly when that will happen, but it WILL happen.
|
|
Pillar of the Community
United States
4333 Posts |
I thought a Brontosaurus was now Texas tea - crude, that is.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
United States
5832 Posts |
Gas here is cheap compare to other areas. $1.55 average.
|
|
Valued Member
United States
51 Posts |
Gas in Virginia is a mere $1.80 / gal. A silver quarter currently will purchase well over a gallon, and I'm not too sure that the price of oil isn't being manipulated to be driven especially low. Former Texas oil boomtowns are going ghost as the cost of operation exceeds the profit of production. It's a double-edged sword, this lowering of oil prices. Soon, the barrels they ship oil in will be worth more than the oil itself!
|
| |
Replies: 20 / Views: 4,116 |
Posted 12/07/2015 11:51 am
