Step into the “Wayback Machine” and journey back in time to:
|1932:||Silver was selling for about $0.25 per ounce (average annual price per Kitco.com). Our $100 bill would buy about 400 ounces.|
|1962:||Silver was selling for about $1.20 per ounce. Our $100 bill would buy about 83 ounces.|
|1982:||Silver was selling at about $10.60 per ounce. Our $100 bill would buy about 9 ounces. (Early in 1980 silver spiked to about $50 per ounce for a day or so and then crashed.)|
|2012:||Silver was selling for about $31 per ounce. Our $100 bill would buy about 3 ounces.|
|Today:||Silver prices have been volatile. Our $100 bill will buy perhaps 4 ounces of silver.|
Over the course of the last 100 years, during which we have been blessed with the Federal Reserve and massive government spending, our $100 bill no longer buys 400 ounces of real physical silver; now it will purchase only about 4 ounces.
Read the complete article at The Deviant Investor here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.