Do you ever watch the prices of silver and silver coins on www.coinflation.com/silver_coin_values.html ? The price of an ounce of silver has risen $0.45 since 4:46AM today: from $19.57 to $20.02. Maybe the $21/oz I have in a story that I'm working on should be higher? It was $23.07 in September of 2013.
At 10:20AM PDT on 21 July, silver is at $21.15/oz. At 8:17AM PDT on 20 July, it was $19.81. That's an increase of $1.34 (6.7%) in 26 hours. Wonder which "thing" is pushing the silver market this month?
Silver had dropped back to the $24.xx numbers but today it's back up: $26.74 at 10:36AM PDT. In physical terms, a handful of coins - one dime, four quarters and ten silver dollars, totaling $11.10 - are worth $228.10 in FRNs. Inflation since the days of silver certificates is $228.10 / $11.10 = 20.55 times or 2055%. Things don't cost more: your "dollar" is worth less. Remember that "dollar" is from a Spanish word for a one ounce silver coin and that FRNs are backed by "the faith and confidence of the US Govt" - it seems there may be little faith or confidence. The PAW stories with "new dollars" at the rate of 10, 20 or 100 "old dollars" for one "new dollar" no longer seem far-fetched...
At 2:05PM PDT today (6 Aug) silver is $28.91/oz, up more than $2 from the %26.74 at 10:36AM PDT yesterday. That same handful of coins is worth $246.61 today.
Instead of the company's retirement plan, I should have been collecting junk silver the first 5 years I was there - pick up some rolls of dimes, quarters and halves every week and check the dates. Certainly would have had more return on my investment.
When I think of every dime I put in a Coke machine... Yes, kids, one used to be able to drip a dime in a machine, open the lid and slide a cold soft drink along the racks 'til it could be pulled through a mechanical gate, On the front of said machine was mounted a gizmo into which the top of the bottle could be inserted and with a flick of the wrist the bottle cap was removed. Or, some guys had a choke chain attached to a belt or belt loop with a church key attached. One end hat an opener that lifter bottle caps off and the other was pointed to punch into beer cans, in the days before pop tops.
Did you ever encounter the 6 cent Coke machine? In the interim between selling for a nickel and going up to a dime, the service station at the end of the block had the nickel vending machine with a small box added that had a slot for a penny. If you fed both slots, the machine would dispense the small glass bottle of Coke.