Price of Gas in 1921 "Silver ".

UconnL

From what I was able to find out...
We are still ahead with Silver at an Incredible $47.00/oz.
If you multiply .715 X $47.00 you get $33.60 times face for 90% coin "not silver $'s"
Reg. gas was .20/Gal in 1921 x 33.6 = $6.72 gas...

Still ahead but not by much!

savoyspecial

gecko109

That shirt is SO outdated now!


Today.....as I type.....1 oz of silver buys 10 gallons of gas!

BigRick

Forget the gold/silver ratio.

Play the silver/gas ratio.

OzzyAndy

So is silver overvalued or is gas undervalued?


Does anyone know how many gallons of gas an ounce of silver bought in 1921? Couldn't quite work it out from the OP. Or a graph? Might be the start of a new investment philosophy!

gecko109

<< <i>So is silver overvalued or is gas undervalued?


Does anyone know how many gallons of gas an ounce of silver bought in 1921? Couldn't quite work it out from the OP. Or a graph? Might be the start of a new investment philosophy! >>





OP says 20 cents/gallon in 1921. Since there are .77oz of silver in a 1921 silver dollar, that would work out to 5 gallons per .77oz, or 6.5 gallons per ounce.

Smittys

How many people had a car in 1921
Use 64 prices

Overdate

If I recall correctly, a typical gasoline price in the mid-1960s was 25 cents a gallon. So a silver quarter would buy one gallon of gasoline.

At $48.22/oz., a silver quarter contains $8.62 worth of silver, which will buy slightly more than two gallons of gasoline.

ttown

I remember gas wars in the mid to late 60's here was 18 cents and typically you could purchase a gallon for 22 cents so it wasn't much higher in the 60's than the 20's doesn't sound like.