I recently made this video where I talked about the value of $1 Face Value of 90% Silver and how it compares to the price of staple products in todays world like Milk, Bread and Eggs. It really got my thinking about how much other things would cost in todays world if we were still on the Silver Standard and if Silver in a Silver Standard world would be the price it is today.
So using the spot price that I used in that video, we are able to estimate a few more things and on a larger scale, such as a House and a Car…
According to Kelley Blue Book, the average price for a new light vehicle purchased in 2020 is about $37,850. Using that figure we can see that it would cost just over $1900 in Face Value of 90% Silver. Now as for home prices, they’re all over the place depending on where you are in the country, so I decided to just go with an average of about $250,000. At the amount of $250,000, a new home if purchased with 90% Silver Coins would could just $12,607.
You can keep doing this for any number of things that were available in 1964 just as they are today, but you can also do it for more modern things like computers, cell phones and phone service etc! It really opens my eyes to how important it is to continue to stack Silver as a way to store wealth!
If you didn’t see the video, here it is… be sure to watch it and leave a comment! Let me know what YOU think!