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Title: Gasoline at 20 Cents a Gallon (in Ashland Oregon)
Source:
Infowars
URL Source: http://www.infowars.com/gasoline-at-20-cents-a-gallon/
Published: May 16, 2011
Author: Michael S. Rozeff
Post Date: 2011-05-16 12:17:42 by Hondo68
Keywords: silver coins
Views: 496
Two Roosevelt dimes contain 0.14468 oz of silver. If gas costs $4 in FRNs, then the implicit price of silver that makes $4 equivalent to 0.14468 oz of silver is $27.65 per ounce. So, this price seems roughly in the ballpark. But, if we take $35, which is nearer today’s silver’s price, then the implied price of gasoline is $5.06, which is steep. At any price less than $5.06, I’d hold on to the dimes and use FRNs. One has to be careful about these things. One also needs a conversion table. This could be sold as an application on a handheld device. I’m giving away a profitable idea here. The device could read in the spot price of silver from a web site. The user punches in the FRN price. Then the equivalent amount of silver coin is the output.
Poster Comment: Amazing difference between real money and today's dollar.
Sign at Ashland, Oregon station. (Thanks to Katcha Sanderson for the photo.)
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