huswest

How Much Oil Can Gold Buy?

I get your point, but a dime has never been "pure" silver. This from Wikpedia:
The composition (initially 89.24 percent silver and 10.76 percent copper) remained constant until 1837, when it was altered to 90 percent silver and 10 percent copper. Dimes with this composition were minted until 1966,


On Apr 27 08:32 PM Know Nothing and Do Nothing wrote:

> Similar cases happened before. In the 70's, when government produced
> no more pure silver dimes. Some gas stations were very happy to take
> the silver dimes as 90 cents when customers filled up the tank.<br/>Similar
> title at that time should be "How much oil can silver buy?"
> History is a revolution, whatever happened before will happen again
> in future.

Confirmatory Bias and Oil Investing - Continued

Too, too true. Also applies to man caused global warming, tulip mania, Y2K doomsday scenario, cost effective "recycling", ad infinitum.
We are as sheep, herded by a self serving academia and pseudo intellectuals aided and abetted by power-at-any-price politicians.