What an understatement. It is way more than a full time job and we really appreciate all the PP team does.
Here is proposing a different way to value that pre 65 junk silver.
(coinage contained silver back then. I could still get silver dollars at the department store business office with the money I made mowing lawns back in 1964.)
Imagine we time traveled back to Jan 1, 1965.
I hold one Peace or Morgan silver dollar $1 in left hand.
real constitutional money.
I hold 4 crappy quarters worth $1 in my right hand.
(1965 alloy quarters) real artificial krappy raccoon banker in the henhouse coinage.
The Jan 1, 1965 purchasing power of either hand is one dollar,
which back then could typically buy 4 gallons of premium gasoline at 24.9 cents per gallon. Actually if there was a gas war between filling stations going on I could get it at 19.9 cents per gallon. I know because I did it.
now, around 59 years pass.
its Jun 7, 2024 now, and the coinage is valued at the moment for:
Left hand: (per coinflation.com website)
$22.74 for a Morgan or Peace Silver dollar, or
$21.27 for the $1 face value of 1964 silver quarters.
Right hand:
$1.00 still holding the 4 krappy quarters. (should there be a raccoon and henhouse stamped on them? 
This implies being better off by a factor of 22.74 times with the silver dollar (silver coins). But, here is suggesting it is far worse than that.
22.74 does not account for the loss of purchasing power of the $1 krappy 1965 coinage has been held for the same time 58 year period.
The purchasing power of those 4 krappy quarters has decreased significantly. I would suggest using the 22.74 to 1 ratio here also for evaluating purchasing power that has been lost.
$1.00 (krappy quarters) / 22.74 is O.O44
i.e. purchasing power of the 4 krappy quarters,
has been eroded to 4.4 cents today’s purchasing value vs the 100 cents ($1) purchasing power it had on Jan 1, 1965…
$22.74 (silver dollar purchasing value) divided by
$0.044 (krappie quarters purchasing value) = 516.82
The combined lost purchasing power appears to be a factor of
516.82 to 1 !!!
The same lost purchasing value applies if it was a paper dollar.
Visually imagine that.
that’s the purchasing power difference between
RIGHT HAND: 5 CENTS (current coinage)
versus
LEFT HAND: 22 dollars & 74 cents. (current coinage)
That visually is what the raccoons in the henhouse have done to the purchasing power of our coinage / currency in my opinion.
Gasoline today:
$4.46 per gallon premium.
- At the time of writing, AAA reports a nationwide average for one gallon of regular gasoline is $3.66 (versus the record high of $5.016 in June 2022). Premium grade costs $4.46 on average,
so, the
$4.46 per gallon, divided by 516.82 currently equals
about 9 cents per gallon in 1964 purchasing power.
maybe the difference between the 9 cents per gallon backward calculated purchasing value and the 24.9 cents per gallon I paid in 1964 is changes in oil, efficiency, and taxes. Still that is pretty close.
Still looks like a 516 to 1 decrease in purchasing power to me so far. Tribe members, please ck my math and give me your thoughts.
(Having thought more about this, there are many examples wherein that 516 to one ratio has not happened. It is so complicated between exchange rates, whole world economic interactions that likely have not yet been fully felt, manufacturing / raw resources process improvements and so many other issues. I guess I am comfortable thinking that the true impacted ration lies out there in excess of the 22.74 current ratio that is made worse by dollar purchasing value decreases and silver value manipulations since then. Which is impacted differently in many different product and services areas over the years.)
Due your own do diligence, as I am not an investment advisor nor expert. Just been around the block many times and got some sharp corners knocked off.
Truth Seeker
from the net;
(and these numbers appear to be using the offical CPI type data, which may be much more generous than the real inflation numbers)
- The U.S. dollar has lost 90% its value since 1964 Updated: May 15, 2024 $100 in 1964 is equivalent in purchasing power to about $1,011.45 today, an increase of $911.45 over 60 years.
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