Re: $100-a-barrel oil may be only a few months away

If you do a simple google search you will see that adjusted for inflation
gas prices
are about what they were in the 1980's.  And fuel economy is better than it
was
in the '80's so the price of gas per mile is lower for almost everybody.

http://www.randomuseless.info/gasprice/gasprice.html

Another factor that most don't understand, is inflation caused by the
inability to
raise taxes due to a general taxpayer revolt that is going on.  So the
government
resorts to printing money to pay for what it wants.  The result of the
printing press
money is that the Silver dollar that has been retired now has about $10
worth of
silver.  So really gas still costs about 30 cents per gallon using Silver
dollars.

DOLLAR, money. A silver coin of the United States of the value of one
hundred cents, or tenth part of an eagle.
2. It weighs four hundred and twelve and a half grains. Of one thousand
parts, nine hundred are of pure silver and one hundred of alloy. Act of
January 18, 1837, ss. 8 & 9, 4 Sharsw. Cont. of Story's L. U. S. 2523, 4;
Wright, R. 162.
3. In all computations at the custom-house, the specie dollar of Sweden
and Norway shall be estimated at one hundred and six cents. The specie
dollar of Denmark,  at one hundred and five cents. Act of May 22, 1846.


372.25 grains of pure silver

480 grains = 1 troy oz.

480 / 372.25 = .7755

1 Silver $ .7755 oz pure silver

Sept 20 Monex.com Silver @ $13.36 per ounce Spot.

.7755 oz. = $10.36
[ Auf dieses Posting antworten ]