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OneTinSoldier66
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A Visual History: How Much $1 Used To Get You (And How Much It Gets You Now)

- Mac Slavo - ShtfPlan

Silver's purchasing power has indeed pretty much remained the same. Back in 1964, before they took the silver out of our coinage, you could buy a gallon of gas for a Quarter, which was a quarter ounce of silver. The Quarter at that time was 90% silver. In 1965 the silver content was removed and now we have copper filled quarters(and zinc filled pennies started in 1981). But if I have a quarter ounce silver round(of which i have many), and if I could take it to a clerk at the gas station and get the dollar equivalent for it, it would buy me a gallon of gas just like it did before silver was removed from our coinage.

In other words, if I could take a 1964 quarter to the gas station(which i have one of), it would still buy me a gallon of gas if our monetary system was based upon gold and silver as money. And that's because gold and silver are money.

Commented 3506 days ago

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Beginning of the headline :Ever since the creation of the Federal Reserve in 1913 Americans have seen the value of their currency dwindle. We know the dollar has lost some 97% of its value since the Fed took over. But it’s hard to actually grasp this destruction of value without some examples. The infographic below, originally posted at The Burning Platform, is self explanatory. We are being robbed bit by bit, on a daily basis, and there is no end in sight. This is why you should be investing in hard assets like precious... Read More

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