In 1960 an oz of Silver was 92 cents per oz
A gallon gasoline was 31 cents per gallon.
An oz of silver could buy 3.22 gallons of gasoline.
Currently:
Silver is $21.60 per oz.
A gallon of Gas in California is $6.40.
An oz of silver can buy 3.37 gallons of gasoline. Obviously in some states it could buy a little more gasoline.
Silver and gasoline are always changing in value compared to each other. But after 72 years they are almost the same value compared to each other.
Silver is money and a commodity, it is not an investment. The same can be said for Gold. Although Gold is really not a commodity.
The 90’s fox ‘gold must be nooowwww’ thing probably caught a lot of conservatives in that market.
Metals have never been even very good as a money sink. Thank you for pointing out the real market issues.