Loading ...Since entering the workforce, in 1962, and getting married in 1965, most of the inflationary price increase changes I remember average 20 times more now than back in the day. In other words if a cup of coffee was .10 cents figure $2 a cup today plus or minus.
I remember we almost bought a house for $12,000, X 20 $240,000 estimate, and one on the waterfront $18,000 X 20 $360,000 estimate. They are more that though, more like $375 to $400k and $500k to $550k. on the water. There is a small cheap house for sale for $315k right now.
If I remember right, you could switch a paper $1 bill for a $1 silver dollar. You can get Silver Dollar today for around $20 plus or minus re condition. Or key date. Factor of 20.
Gold? When we were first allowed to buy it was $140/oz X 20? Should be $2800/oz today.
Silver Dollars were $1 and Silver Eagles today are $22.42, factor of 22, about where it belongs.
Therefore, we can say that Gold is more under priced than Silver. However, Silver being like a Penny stock can go crazy high and crazy low. We have seen both. Under $5/oz in many many years and $40 in 1980 $45 in 2011.
Silver Chart: https://www.mrci.com/pdf/si.pdf
Gold chart: https://www.mrci.com/pdf/gc.pdf