Gas at 20 cents a gallon

  • Get a FREE Bullet with Orders $59+

Gas at 20 cents a gallon

wetone123 wetone123
Gasoline at 20 Cents a Gallon



Sign at Ashland, Oregon station.

Two Roosevelt dimes contain 0.14468 oz of silver. If gas costs $4 in FRNs, then the implicit price of silver that makes $4 equivalent to 0.14468 oz of silver is $27.65 per ounce. So, this price seems roughly in the ballpark. But, if we take $35, which is nearer today’s silver’s price, then the implied price of gasoline is $5.06, which is steep. At any price less than $5.06, I’d hold on to the dimes and use FRNs. One has to be careful about these things. One also needs a conversion table. This could be sold as an application on a handheld device. I’m giving away a profitable idea here. The device could read in the spot price of silver from a web site. The user punches in the FRN price. Then the equivalent amount of silver coin is the output.
05/21/2011
  • Buy 1 Toy, Get 1 FREE
  • Save 20% on Luxury Toys
  • Add Some Buzz To Your Favourite Toy & Save 60% On Kit
  • Pick Any 2 E-Stim Toys, Get 60% Off A Kit
  • Stock Up On Gifts! Save 80%. Limited Quantity
  • 1
  • 2
  • 3
  • 4
  • 5
All promotions
Chilipepper Chilipepper
Yeah, my father remembers drag racing when gas was 20-cents a gallon. Even a kid with an after school job could afford a full tank of gas every week with those gas guzzlers made by Ford, Chevy, and GM.
05/21/2011
DustBunny DustBunny
I have a collection of silver coins. When I worked in a casino we'd see them passed around from time to time, I was always sure to buy them as soon as I saw them. I even got quite a few when I worked at McD's. I had one guy pay with walking liberty silver dollars, I bought all of them back from the store. They're worth like $10 each.
05/21/2011
El-Jaro El-Jaro
This post is really interesting. I like to collect coins too.

A friend of mine gave me a silver certificate when it came into McDonalds. It was in pretty good shape too.
05/23/2011
wetone123 wetone123
Quote:
Originally posted by El-Jaro
This post is really interesting. I like to collect coins too.

A friend of mine gave me a silver certificate when it came into McDonalds. It was in pretty good shape too.
My dad collected old coins, and I like it too. Thats cool about your silver certificate!
06/18/2011
Total posts: 5
Unique posters: 4