Cost of a $1000

Discussion in 'General Discussion' started by TnAndy, Feb 26, 2008.

  1. TnAndy

    TnAndy Senior Member Founding Member

    Many of the folks here were around when silver was circulating money, back in the 60's ( Ok...some of you were in diapers, but you were still here )

    The question "what did a $1000 cost" was silly.....a $1000 was a $1000, of course...paper, coin, it didn't matter.

    Flash forward 40 years.

    What does a REAL $1000 worth of US silver coin cost today ???

    13,000 Federal Reserve Notes.

    In 40 years, the value of silver has remained constant......silver has remained constant, the Federal Reserve Note has gone down in value by a factor of 13 times. The paper dollar of 1964 is now worth 7.69 cents.
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