True enough. I use the silver dollar rule for all kinds of comparisons. One will still buy a bag of groceries, box of bullets, pair of britches, and a whole lot more. It’s the best measure of inflation I know of. When I was in school a buck’s worth of gas would get me home.
When I was little, I remember gas stations on opposite corners having "price wars" all the time. Lowest price for gas that I remember is 27 cents/gal. Today, that price seems like something out of a dream.
.0723 Troy Oz/silver dime for math doing purposes.
I think as of the last 15-20 years you need also consider that when silver gets pricey it’s probably getting its legs cut from under it by the sale of paper contracts into market.
I’ve always considered that there isn’t a “dislocation” in the market if the price of a gallon of gasoline doesn’t deviate outside of approximately $0.18-$0.32/gallon in silver dimes over a maximum of 6 months. At my local prices (top of my head average $5.25/gal, FRNs) that puts us at $0.35/gal so we’ve poked above the upper limit of that for a bit, but I’m betting that that re-norms in no more than a few weeks with a silver rise.