I remember as a kid buying candy bars for a nickel. When they raised the price to a dime, I said I would never buy a candy bar again. Of course that promise to myself didn’t last long, but today, a candy bar costs 20 times as much as it did in 1964 when a silver dime could buy you two of them. To put things into perspective, the dollar of today could buy you 20 candy bars in 1964. What can a dime buy you today?
Well, a 1964 Roosevelt dime today can buy you $2.67 or 2 1/2 bars of candy, which sure is a lot more than what the FDR dime of today can buy you. In fact, the FDR dime of today’s metal value today is less than a 1982 penny, the last year they made pennies with 95% copper.
To put things into even further perspective, a $1,000 worth of Roosevelt Dimes or Washington Quarters (aka 90% silver bags) in 1964 is worth today $26,359 at the current spot price of $36.89.
This shows you the effect of inflation has had on “real” money over the years.
The 90% silver bags we sell here at Buy Gold and Silver Safely will maintain their purchasing power over time. The U.S. currency, whether it be the coins they mark with a face value of a dime or a quarter, will not. The paper dollars you hold in your CD’s, and various bank accounts will not hold their purchasing power either. A $1 bill could buy you 20 candy bars in 1964. Today it will buy you one.
This is what our government has done to our money.
But you have choices. Today you can still acquire the 90% silver of old and American Silver Eagles at just a 1% cost. No other gold dealer is offering you these 90% silver bags and American Silver Eagles at such a low cost.
Call 888-604-6534 today and speak to a representative about acquiring real wealth that will keep pace with the coming inflation…the same as it always has.
I will be publishing an article on the current gold and silver outlook related to what’s really going on in Europe this week. It’s not what people think.
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About Doug EberhardtDoug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
Disclosure:
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.
All trades, patterns, charts, systems, etc. discussed in this outlook and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author.