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<p>[QUOTE=&quot;Collector1966, post: 730983, member: 17919&quot;]I beg to differ about your statement.</p><p><br /></p><p>First of all, the price of silver does not rise in tandem with the price of gasoline. Sometimes a dollar in face in &quot;junk&quot; silver might buy 4 gallons, other times it might buy more-- or less.</p><p><br /></p><p>For example, in 1968 in Arkansas, and I assume elsewhere, silver coins still had practically no premium because they still could not be melted and silver Kennedys were still being minted, but a gallon of gas, during some &quot;gas wars&quot;, went to as low as 19 cents. Thus, a dollar in silver coins could buy more than 5 gallons of gas at such times. Four years later, before the first oil crisis, the price of silver had shot up to $4 per ounce (or about $2.90 for $1.00 face value in junk silver), but gas in Arkansas was still a relatively cheap 29 cents. Thus, one dollar in junk silver, if sold to a dealer, could buy 10 gallons of gas. In 1978, when I took my first cross-country car trip, I was paying an average of 38 cents per gallon, in several different states, yet junk silver was selling for about 4 times face value-- once again, about 10 gallons for one dollar face in junk silver. But then in 1979, the price of silver really started to zoom, and at one time I was selling junk silver to a dealer for 13 times face value, and one lucky day I even got 16 times face. Yet the price of gasoline did not rise to $4/gallon-- in fact, it was still in the cents-per-gallon range, probably 75-80 cents. You don&#039;t think people were cheering that the price of their silver coins was rising faster than the gas prices?</p><p><br /></p><p>Then the bottom started falling out of the silver market after the Hunt Brothers fiasco was exposed, and by 1984 silver was back down to 3 or 4 times face. And maybe gas was $1/gallon then, which would be close to the 4 gallon/dollar face figure. But in 1989 and 1990, gas in Washington State was approximately $1.20/gallon, while I was buying junk silver for $3.20 to $3.60 per dollar face, or about 3 gallons per dollar face. </p><p><br /></p><p>Today, junk silver is selling for approximately $12.50/ dollar face, while gas in Arkansas is less than $2.50/gallon- for a more than 5-to-1 ratio. However, it is undoubtedly more in other parts of the country, because there are now major regional discrepancies in gas prices. Be that as it may, if the price of silver goes up, there is no guarantee that the price of gas will go up accordingly.[/QUOTE]</p><p><br /></p>

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