Silver Purchasing Power

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by Gary Christianson, Miles Franklin:

We know:
a) Federal Reserve and U.S. government policies devalue the dollar—down about 98% since 1913.

b) US. government spending is out of control, increases every year, regardless of revenues, and shows no sign of plateauing or declining.

c) Few people encourage balanced budgets and LESS spending. All government agencies, lobbyists, congresspersons, military contractors, and many corporations encourage MORE spending, and by necessity, more debt.

d) Debt based fiat currency units “printed” almost without limit enable deficit spending.

WHAT IF WE EXAMINE PRICES IN TERMS OF SILVER?

Crude oil is the world’s most important commodity. It takes three to four ounces of silver, at current prices, to purchase a barrel of crude oil. That has changed little in 35 years.

Crude oil and silver prices rise and fall, but silver’s purchasing power for crude oil has been flat for 35 years. As the dollar devalues, silver and crude prices increase.

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