ziero0
14th June 2023, 05:04 PM
I had a conversation with an ex coworker today. He is 93 and has been retired for 20 years. He was telling me he had bunches of stock in the company we both had worked at and his dividends amounted to around $50k annually. Actually a pretty decent return to supplement social security and his company retirement.
As you no doubt know junk silver is going at 28 x face. A silver dime 1964 or before is worth $2.80. I use this at the gas pump when I am paying $3.19 a gallon for E15. Basically perhaps $.12 in 1964 silver. In the late '60s the lowest I paid for gas was $.15 a gallon at a gas war once. So I feel pretty good about the price of gas today.
So I was wondering how farm ground pencils out in terms of silver. In the early '60s the local price of farm ground was was around $280 per acre. Using junk silver today that price would be $7,840 an acre. The actual price locally is closer to $12,000 to $14,000 an acre.
In the '60s a decent new car might set you back $1,200 and a muscle car $1,800. Today $30,000 might be a reasonable price for a car. Divide this by 28 and you are still in the $1,200 1960s range.
We used to buy used cars for a hundred bucks or less. $100 x 28 means the hundred dollar cars are still around. They will just set you back three grand and if they need anything major you had better plan on putting six grand into them.
Back to my friend and his dividend. Fifty k is impressive as a dividend until you divide it by 28 to put it in a 1960s frame of reference. That sum ($1,785)would still be pretty good for that time though but....
As you no doubt know junk silver is going at 28 x face. A silver dime 1964 or before is worth $2.80. I use this at the gas pump when I am paying $3.19 a gallon for E15. Basically perhaps $.12 in 1964 silver. In the late '60s the lowest I paid for gas was $.15 a gallon at a gas war once. So I feel pretty good about the price of gas today.
So I was wondering how farm ground pencils out in terms of silver. In the early '60s the local price of farm ground was was around $280 per acre. Using junk silver today that price would be $7,840 an acre. The actual price locally is closer to $12,000 to $14,000 an acre.
In the '60s a decent new car might set you back $1,200 and a muscle car $1,800. Today $30,000 might be a reasonable price for a car. Divide this by 28 and you are still in the $1,200 1960s range.
We used to buy used cars for a hundred bucks or less. $100 x 28 means the hundred dollar cars are still around. They will just set you back three grand and if they need anything major you had better plan on putting six grand into them.
Back to my friend and his dividend. Fifty k is impressive as a dividend until you divide it by 28 to put it in a 1960s frame of reference. That sum ($1,785)would still be pretty good for that time though but....