Day: January 12, 2011

MONEY: The US$ is worth less; dramatically less

Published on by reinkefjLeave a comment

http://seekingalpha.com/article/244020-coins-vs-bags-comparing-two-options-in-physical-silver

Coins vs. Bags: Comparing Two Options in Physical Silver – Seeking Alpha

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The 90% Silver Bags consist of coins — dimes and quarters — that were once used as money in the United States. In 1964, one could take a dime to the store and buy a loaf of bread (if you are old enough to remember). Today, that same 90% silver dime is worth $2.10, enough to buy a loaf of bread.

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Interesting? It’s not that the cost of that loaf of bread has increased. It’s that the value of the money has decreased. Even though, I KNOW that, and I think I UNDERSTAND that fact, still concrete examples like this are a punch to the solar plexus. Leaves you sucking wind. By the same formula, I bout gas for 40¢/gallon. That equates to $8.40/gallon. So, gas has gotten “cheaper”! Argh! Makes me sick to my stomach. And, it’s only getting worse.

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