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Silver And Gasoline Ratio Points To $10-$11 Bottom

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fistfulladirt's Avatar
United States
4333 Posts
 Posted 01/25/2016  5:53 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
Gas in Virginia is a mere $1.80 / gal. A silver quarter currently will purchase well over a gallon
You have gas stations in Virginia that will accept a silver coin for gas payment?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bertensgrad's Avatar
United States
1192 Posts
 Posted 01/25/2016  6:09 pm  Show Profile   Bookmark this reply Add Bertensgrad to your friends list Get a Link to this Reply
It could be said that gas and oil right now is artificially low right now due to a weak OPEC. Everyone is selling when usually they would cut production. Wheter it's to drive some modes of oil production out is a fair guess. Either way oil is doing its own weird thing right now.
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Joe2007's Avatar
United States
3843 Posts
 Posted 01/25/2016  6:34 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
I fear that $30 a barrel gasoline is only a short-term mirage and will be going up shortly when the infighting in OPEC ceases. The Saudi's desire to corner the market (increase production) in cheap oil to hurt their rivals (Iran) has been a blessing for middle class families in this country. Not sure how much longer this can last since the Saudi's are running a huge budget deficit due to cheap oil.
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Steele's Avatar
United States
1119 Posts
 Posted 01/25/2016  9:46 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply

Quote:
You have gas stations in Virginia that will accept a silver coin for gas payment?


it seems to be an Oregon only thing.

http://www.blog.providentmetals.com...-payment.htm
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kg5's Avatar
Australia
491 Posts
 Posted 01/26/2016  12:13 am  Show Profile   Bookmark this reply Add kg5 to your friends list Get a Link to this Reply
Your US gallons are short somewhat!

Your gallons here costs AU$4.40

If it was a real gallon it would cost AU$5.25

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