Something does not make sense

Hello All! Time for me to come back.

Something does not make sense:

1. Since the days of Legend (e.g., GIM), I used the following analogy to explain silver as money to people:
a. A 1964 90% silver quarter in 1964 bought you a gallon of gas.
b. today, 20xx, it buys you about a gallon of gas (varies by year and geography in the US, but typically 3/4 gallon to maybe 2 gallons from 2010 to early 2025);
c. This worked from 2010 to the beginning of 2025;

Today, a silver quarter ($20) buys 4-5 gallons of gas! SOMETHING(s) has changed drastically.

I always taught/saw the purchasing power of silver/gold was pretty constant over time. See What Do Silver and Gold Buy? Now it seems that
1. We are in a transition from income tax based economy to a more 19th century style tariff based;
2. By cutting Russia off from SWIFT and stealing their money, we taught the world to not trust the US$ for reserve process, and accelerated the transition back to gold/silver; add resource positioning with China...
3. We are becoming more local (e.g., Monroe Doctrine) and ready to end the cold war era; when the wall came down in East Germany, I said to myself it will take at least 50 years before things begin to recover...
4. The industrial need for silver is MUCH greater than it was in 1964;
5. We have been in a silver (and probably gold) mining deficit for at least 5 years;
6. Trump may move us towards sound money again. He may even remove any taxation on fake gains vs. Federal Reserve dollars.
7. AI is the big thing, but quantum computing may make it look like child's play.
42. Remember the giant computer that took millions of years to answer the question to "life the universe and everything?" Were it a quantum computer, it may have finished in a few minutes, at which point humanity would have said, "let's try and reformulate the question a little".

A perfect storm for silver/gold and other metals is upon us.

The economy is still booming because of rapid advancement of technology (AI, eVTOL, hypersonics, quantum computing, etc.).

Wasn't it a Chinese saying, "May you live in interesting times?". Well, folks, we are living in interesting times.

True wealth in America is measured in beaver pelts. And they aren't traded on paper.

So oil is under priced now or was under priced back in the sixty's?

Quote:

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Originally Posted by osoab

So oil is under priced now or was under priced back in the sixty's?

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It is clearly cheaper now in silver, today. Last year it was about the same as in the 1960s.