Gasoline at 20 Cents a Gallon

Told you this would start happening. Spare yourself and buy a bag of dimes from apmex right now. Stores do not have to accept paper FRNs by law, they just choose to. One day when inflation really kicks in, they may choose not to.

But yeah make sure you're not being scammed. Use spot price and use a calculator to get the true conversion ratio.

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Gasoline at 20 Cents a Gallon



http://www.infowars.com/gasoline-at-20-cents-a-gallon/

Sign at Ashland, Oregon station. (Thanks to Katcha Sanderson for the photo.)
Two Roosevelt dimes contain 0.14468 oz of silver. If gas costs $4 in FRNs, then the implicit price of silver that makes $4 equivalent to 0.14468 oz of silver is $27.65 per ounce. So, this price seems roughly in the ballpark. But, if we take $35, which is nearer today’s silver’s price, then the implied price of gasoline is $5.06, which is steep. At any price less than $5.06, I’d hold on to the dimes and use FRNs. One has to be careful about these things. One also needs a conversion table. This could be sold as an application on a handheld device. I’m giving away a profitable idea here. The device could read in the spot price of silver from a web site. The user punches in the FRN price. Then the equivalent amount of silver coin is the output.

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