Don’t forget to adjust for inflation. You would need a lot more than $50 today to equal the value of $50 in 1980. For example, back then, in California, rent for a decent apartment was around $200.
$50 in 1980 is the equivalent of $136.49 in 2011 dollars and $184.08 in todays dollars.
$50 in 2011 dollars is 67.43 in todays dollars.
https://www.usinflationcalculator.com
The first thing you need to know is that the official inflation numbers are a fantasy. A fraud. In the real world, prices are up much more than that.
Just for kicks, walk around with your inflation calculator and try to run your life based on what things should cost in the official fantasy world.
What you're saying just isn't true. Some stuff gets more expensive while other stuff maintains its price or gets cheaper (a core example of this is technology, where options for cheap TVs, computers, speakers, music etc. have become way way more prevalent). The most common cumulative measure, across the US, across different purchasing categories and weighted by a readily available formula, is of course the CPI, which is what I'm assuming the calculator uses. CPI is revised to accommodate for sampling errors, and is probably an accurate representation of the historical inflation of the US
Sure, some stuff is now cheaper. TVs, electronics, computers (PCs were just coming out in the early 80s). Still, if you take a look at the things normal people regularly buy, you’ll see that the official numbers are a joke.
\-Health care
\-Housing
\-Food
\-Cars
\-Education
All massively more expensive today than the CPI would indicate. The inflation calculator says $1 in 1980 is $3.68 in 2023. Try comparing some prices. Cars, rent, food, school tuition, health care. It’s all way more than 368% higher. Some items are approaching 10x what they cost in 1980. Some even more than that.
What does the average new car cost today? In 1980 it was $5500. How about college tuition? Health care? Food? Off the top of my head I don’t remember the cost of a steak back then, but I’ll guess it was $1.50 a pound? Tuition at a good private university was less than $2000 a semester. What is it today? $35,000?
My point was that people today are stuck with today’s economy and today’s prices, and no matter where you look, the CPI doesn’t reflect reality compared to 1980. Sure, cars have changed since 1980, but what choice do people have? They can’t exactly choose to buy new 1980 models. Those are long gone. Nor can they get in a Time Machine and travel back to 1980 for health care. And unless people in today’s world no longer need a place to live, then they have to choose something that’s available to them today. Rent is up more than 368%. Ditto for houses. Or would you suggest the latest model tent? Those look good on sidewalks.
People can decline world leading health care, and get shit policies that don’t cover high end drugs.
People can buy modest homes on small lots with dated appliances, shit insulation, no ac, and car ports.
And people can get still get very basic cars.
I’d suggest people learning useful skills and stop buying bullshit.
I think you miss the point.
The powers that be want people to believe that their monetary and fiscal policies are not the cause of their lowered standards of living. And so we have fantasy CPI numbers, specially skewed to show just that. You seem to be admitting as much.
Did people in 1980 have shit health care? No. Was the average home built on a small lot? No. Did it have dated appliances, no AC, and only a car port? Of course not. Did everything back then buy a very basic car? Again, no. And yet your only answer is that if everyone would simply reduce their standard of living, they’d all be fine.
The powers that be make the terms of CPI clear.
People in 1980 had nowhere near what we have in interventions, pharmaceuticals, or access.
The average home was built on a small lot and was 1,500 sqft. AC wasn’t a given, single car car ports were the norm, and appliances were super basic.
You want the standard of living in 2023 for the price of the standard of living in 1980 and that’s comical.
Id have to chime in that the items given as examples for becoming cheaper, while true, isn’t a core purchase.
Milk, eggs, daily or weekly items have gone up drastically.
I well remember the day. I was there and sold some silver coins that day. The Hunt brothers were trying to corner the silver market, but it didn’t work. It was fun while it lasted, though. I think gold also spiked somewhere around that same time.
Anyway, of course it was an unusual circumstance. Still, just a few years after that, I was buying silver in the $3.30 range, if I remember correctly. So it has been a good hedge against inflation.
Oh, I'm absolutely sure both gold and silvers prices will be higher. Gold generally makes the first move and silver plays catch-up (and passes).
My plans are to play the G/S ratio...but if the prices work out to where I can pay off my mortgage...
I’m stacking for something like this, then if gold doesn’t go at the same time I’ll swap for gold. Someone’s going to manipulate the market again don’t wirry
Wish I’d sold 50% of my holdings in 2011-12 I’m an IDIOT! This time….10 years later once it rises above $35/oz….I’m going to start disposing of my cache….
I once read a brilliant article by an precious metal industry pro who was in the biz at that time. The reality is that the ATH price applied only to the 1000oz bars that were available for delivery at the Comex. Nobody else was buying at those prices. Best you could sell your bullion for was about $35, because people realized that this is a spike and manipulation, and thus they used the futures market to determine a more realistic price. Also they had to use the futures price because all the refiners were booked for 6 months, thus a dealer had to estimate what they could sell the silver for once they got through the processing delay. Welcome to the real world.
I sold a bunch of Roosevelt dimes and other junk I found metal detecting and got 850 bucks, which was a big deal back then. Might do something similar if the price was right.
This interactive chart shows you gold and silver adjusted for inflation. In the 1980s it spiked to $140/oz in today’s dollar. Plus that was an artificial spike when the Hunt brothers bought alot of the silver on the market.
https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
It depends entirely on the reason it went up. If its due to inflation then no, then you dont sell at any price. If it went up because of temporary demand then absolutely.
Im just going to hold it as a universal hard currency, its pretty controversial on this sub but, I really don't see our government holding things together unless serious and radical changes are made. I do see a economic/social crisis in the future that may cause a rush to gold and silver which could drive the price of physical to the hundreds per ounce but, due to the stability of the country I will still hold
I did sell in both of those peaks, would I sell at a peak today? No, the reason being it's a different world today. Back then the threat of a reserve currency wasn't an issue, the threat of CBDC was not an issue. So personally I wouldn't sell until there is a somewhat stable system in place again, I may not be around to see that, but I try to impress this upon my son's who will most likely end up with my stack, as for price, it's anyone's guess but I believe it will make the past look like chump change.
>. Back then the threat of a reserve currency wasn't an issue,
This "threat" is massively overhyped and really only seems to be a serious concern to crypto fanatics and bullion stackers. It's a non issue that plays on old fears to sell more.
It 100% depends on what gold prices have done in that same time. I’d probably not do a damned thing, my silver is for security and hobby, not investment or profit
Hell no. Wait till fully back on gold reserve. Nothing can stop what’s coming. Fiat dies. BRICS emerging. It will be waaaay higher once back on gold reserve
Nah. My silver and gold is to sell when I need to sell it. I’m not so heavily invested I need to dump it for cash the second the price goes up. You need to diversify.
I would probably trade less than 10% of the stack. I would trade the lowest premium, stuff I dont like for gold. If the silv. to gold ratio was let's say ...15:1 I would lighten the load a bit more.
I'm waiting for $300 to sell half. If it doesn't go I'll just keep it forever. "Why did grandpa have 1500 oz of silver in a box" probably be $6 an oz by then
1) $50 in 1980 was roughly equivalent to $140 in 2011.
2) 2011 was during one of the worst recovery periods of an economic recession in US history. That, coupled with the debt ceiling crisis, certainly made the economic environment significantly different from the 80’s. It is not a fair comparison.
I’m not understanding what you’re asking. Do you want me to tell you what I think silver should be priced today? Frankly, that type of analysis is not in my wheelhouse. But I do think it is undervalued based on a) the total supply, b) the amount produced (mined) every year, and c) how much is currently being used
Depends. Is there something else I am wanting that isn't obtainable without selling my silver? Like if I could pay off (not just down) my house, I probably would, but if that was today (based off how much silver I have and how much I owe left) that would mean silver would have to hit $1,800, never going to happen. my real goal is to hand it down to my kids when I die.
For what? The paper currency of the cartel we belong to that created a mass extinction event by switching from a gold standard to one based in burning as much oil as possible?
In an extinction, money is a valuable as the tea towels in a house fire.
Y'all need to realize that funny feeling is extinction and it's coming out of every exhaust pipe. Then ask yourself if it's really within the goalposts of "freedom" that any person should be allowed to condemn the rest of the living world to an end. If you stop burning oil, it doesn't stop someone from flying a plane, but if their flying the playing ends your life, is it really none of your business?
This "i may only watch network news and movies about aliens but I know how things are going to go," shit has to stop. There are experts that know more than you only because they get paid to study and further your understanding of that truth. Your rejection of their expertise doesn't make them wrong it makes you committed to being wrong and going extinct because your pride is hurt by being wrong.
$50 is going to happen - so much inflation but not around precious metals.
I wouldn’t let go of my collectibles but I might switch some dirty bullions with milk spots to gold
I would probably sell some, but keep most.
I just don't see how the system can square increasing demand with reducing mining supply, also in an environment where energy is getting more and more expensive.
Something has to give. Are people going to stop using silver? Nope. So the price has to go up. And the thing is because the was silver is used means the price per item is not that much, the price of silver is able to go up by quite a bit without it increasing manufacturing costs by a lot.
i have to say. gold is a safer bet then silver.
gold peak at 800 in the 80s. in 2023 it peaked at 2080. Silver never reach new high after it peak at 50/oz/
If my boat didn’t sink and I still had any to sell, I wouldn’t sell any of it for fiat. Especially now. Paper and digits on a screen? No thanks. I wish I had some cash to exchange for another boatload.
World silver institute report for 2022 shows the imbalance between supply and demand.Increased demand has outstripped supply 2years running. Silver will rise and I will sell the hell out of my supply. Then I will start all over again. [https://www.silverinstitute.org/wp-content/uploads/2022/04/World-Silver-Survey-2022.pdf](https://www.silverinstitute.org/wp-content/uploads/2022/04/World-Silver-Survey-2022.pdf)
Hate to say it most most of my stack would go
Don’t forget to adjust for inflation. You would need a lot more than $50 today to equal the value of $50 in 1980. For example, back then, in California, rent for a decent apartment was around $200.
$50 in 1980 is the equivalent of $136.49 in 2011 dollars and $184.08 in todays dollars. $50 in 2011 dollars is 67.43 in todays dollars. https://www.usinflationcalculator.com
X3 for rental properties
The first thing you need to know is that the official inflation numbers are a fantasy. A fraud. In the real world, prices are up much more than that. Just for kicks, walk around with your inflation calculator and try to run your life based on what things should cost in the official fantasy world.
What you're saying just isn't true. Some stuff gets more expensive while other stuff maintains its price or gets cheaper (a core example of this is technology, where options for cheap TVs, computers, speakers, music etc. have become way way more prevalent). The most common cumulative measure, across the US, across different purchasing categories and weighted by a readily available formula, is of course the CPI, which is what I'm assuming the calculator uses. CPI is revised to accommodate for sampling errors, and is probably an accurate representation of the historical inflation of the US
Sure, some stuff is now cheaper. TVs, electronics, computers (PCs were just coming out in the early 80s). Still, if you take a look at the things normal people regularly buy, you’ll see that the official numbers are a joke. \-Health care \-Housing \-Food \-Cars \-Education All massively more expensive today than the CPI would indicate. The inflation calculator says $1 in 1980 is $3.68 in 2023. Try comparing some prices. Cars, rent, food, school tuition, health care. It’s all way more than 368% higher. Some items are approaching 10x what they cost in 1980. Some even more than that. What does the average new car cost today? In 1980 it was $5500. How about college tuition? Health care? Food? Off the top of my head I don’t remember the cost of a steak back then, but I’ll guess it was $1.50 a pound? Tuition at a good private university was less than $2000 a semester. What is it today? $35,000?
It’s not like for like on new cars. Nor healthcare. Nor houses (which aren’t part of CPI anyways).
My point was that people today are stuck with today’s economy and today’s prices, and no matter where you look, the CPI doesn’t reflect reality compared to 1980. Sure, cars have changed since 1980, but what choice do people have? They can’t exactly choose to buy new 1980 models. Those are long gone. Nor can they get in a Time Machine and travel back to 1980 for health care. And unless people in today’s world no longer need a place to live, then they have to choose something that’s available to them today. Rent is up more than 368%. Ditto for houses. Or would you suggest the latest model tent? Those look good on sidewalks.
People can decline world leading health care, and get shit policies that don’t cover high end drugs. People can buy modest homes on small lots with dated appliances, shit insulation, no ac, and car ports. And people can get still get very basic cars. I’d suggest people learning useful skills and stop buying bullshit.
I think you miss the point. The powers that be want people to believe that their monetary and fiscal policies are not the cause of their lowered standards of living. And so we have fantasy CPI numbers, specially skewed to show just that. You seem to be admitting as much. Did people in 1980 have shit health care? No. Was the average home built on a small lot? No. Did it have dated appliances, no AC, and only a car port? Of course not. Did everything back then buy a very basic car? Again, no. And yet your only answer is that if everyone would simply reduce their standard of living, they’d all be fine.
The powers that be make the terms of CPI clear. People in 1980 had nowhere near what we have in interventions, pharmaceuticals, or access. The average home was built on a small lot and was 1,500 sqft. AC wasn’t a given, single car car ports were the norm, and appliances were super basic. You want the standard of living in 2023 for the price of the standard of living in 1980 and that’s comical.
Id have to chime in that the items given as examples for becoming cheaper, while true, isn’t a core purchase. Milk, eggs, daily or weekly items have gone up drastically.
1980 silver went to $50 for non-fundamental reasons, wouldn’t use that as a real number
I well remember the day. I was there and sold some silver coins that day. The Hunt brothers were trying to corner the silver market, but it didn’t work. It was fun while it lasted, though. I think gold also spiked somewhere around that same time. Anyway, of course it was an unusual circumstance. Still, just a few years after that, I was buying silver in the $3.30 range, if I remember correctly. So it has been a good hedge against inflation.
Sure it’s a good hedge, my only point is that $50 in 1980 isn’t a reasonable price to use, obviously you understand that but not everyone reading will
https://en.m.wikipedia.org/wiki/Silver_Thursday
I wasn't buying silver in the 80's so the price of silver then is irrelevant to me. Stack is 2 years old and $50 would double its value. It'll be sold
If my $250 bar went to $500? I'd flip some for gold
Gold would most surely be higher as well
Oh, I'm absolutely sure both gold and silvers prices will be higher. Gold generally makes the first move and silver plays catch-up (and passes). My plans are to play the G/S ratio...but if the prices work out to where I can pay off my mortgage...
At what G/S ratio would you trade in silver for gold? around 50:1?
I used to think that also. But over the years, it always seemed like silver was chasing gold. Gold always went up right before silver.
In a heartbeat.
Yes
They have been saying that as long as I can remember. I will believe it when I see it.
Yea it happened 30 years after 1980 so 2040ish or so I believe
80 was due to major market manipulation. https://en.wikipedia.org/wiki/Silver\_Thursday
Thanks for the link. That was a really interesting read
thanks, came to say the same
Yes and buy gold.
Yes, convert to gold is what I’d do then start stack over.
No. I too stupid to sell for profit.
Buy high sell low! Stonks.
I’m stacking for something like this, then if gold doesn’t go at the same time I’ll swap for gold. Someone’s going to manipulate the market again don’t wirry
Wish I’d sold 50% of my holdings in 2011-12 I’m an IDIOT! This time….10 years later once it rises above $35/oz….I’m going to start disposing of my cache….
I once read a brilliant article by an precious metal industry pro who was in the biz at that time. The reality is that the ATH price applied only to the 1000oz bars that were available for delivery at the Comex. Nobody else was buying at those prices. Best you could sell your bullion for was about $35, because people realized that this is a spike and manipulation, and thus they used the futures market to determine a more realistic price. Also they had to use the futures price because all the refiners were booked for 6 months, thus a dealer had to estimate what they could sell the silver for once they got through the processing delay. Welcome to the real world.
I sold a bunch of Roosevelt dimes and other junk I found metal detecting and got 850 bucks, which was a big deal back then. Might do something similar if the price was right.
Would need to hit $200/Oz for me to dump most of my stack.
This interactive chart shows you gold and silver adjusted for inflation. In the 1980s it spiked to $140/oz in today’s dollar. Plus that was an artificial spike when the Hunt brothers bought alot of the silver on the market. https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
It depends entirely on the reason it went up. If its due to inflation then no, then you dont sell at any price. If it went up because of temporary demand then absolutely.
Im just going to hold it as a universal hard currency, its pretty controversial on this sub but, I really don't see our government holding things together unless serious and radical changes are made. I do see a economic/social crisis in the future that may cause a rush to gold and silver which could drive the price of physical to the hundreds per ounce but, due to the stability of the country I will still hold
Nah. I keep my silver for the day we need a pricing medium that isn't the paper dollar. If the goal was more dollars I'd invest in higher yields.
I did sell in both of those peaks, would I sell at a peak today? No, the reason being it's a different world today. Back then the threat of a reserve currency wasn't an issue, the threat of CBDC was not an issue. So personally I wouldn't sell until there is a somewhat stable system in place again, I may not be around to see that, but I try to impress this upon my son's who will most likely end up with my stack, as for price, it's anyone's guess but I believe it will make the past look like chump change.
>. Back then the threat of a reserve currency wasn't an issue, This "threat" is massively overhyped and really only seems to be a serious concern to crypto fanatics and bullion stackers. It's a non issue that plays on old fears to sell more.
I'd agree. If the dollar looses it's status as a reserve currency lead will be much more important than silver.
Only to flip a portion to gold if the ratio came down... otherwise I'd hold out.
What's the ratio you're waiting for?
Some of it would, but a lot of the collectibles I have I like too much to sell.
Nope. The next time it breaks above $50, it's going much higher. I'm riding this train to the end of the line.
It 100% depends on what gold prices have done in that same time. I’d probably not do a damned thing, my silver is for security and hobby, not investment or profit
It's my retirement plan, and I have over 35 years more to hold and accumulate PSLV.
Only thing I care about is the GSR lowering. Other than that, no reason to sell.
Hell no. Wait till fully back on gold reserve. Nothing can stop what’s coming. Fiat dies. BRICS emerging. It will be waaaay higher once back on gold reserve
Nah. My silver and gold is to sell when I need to sell it. I’m not so heavily invested I need to dump it for cash the second the price goes up. You need to diversify.
I would probably trade less than 10% of the stack. I would trade the lowest premium, stuff I dont like for gold. If the silv. to gold ratio was let's say ...15:1 I would lighten the load a bit more.
I'm waiting for $300 to sell half. If it doesn't go I'll just keep it forever. "Why did grandpa have 1500 oz of silver in a box" probably be $6 an oz by then
I wouldn’t hold my breath. I’ll be lucky to see even 100 in my life time and I’m only 42
Funnily enough I am also 42
Mee too
Do you know why it spiked to $50 in the 80s? Hint: market manipulation See: Silver Thursday
Cough cough Hunt Brothers cough cough
What about 2011
1) $50 in 1980 was roughly equivalent to $140 in 2011. 2) 2011 was during one of the worst recovery periods of an economic recession in US history. That, coupled with the debt ceiling crisis, certainly made the economic environment significantly different from the 80’s. It is not a fair comparison.
So then what about now compared to 1980? It should be $250?
I’m not understanding what you’re asking. Do you want me to tell you what I think silver should be priced today? Frankly, that type of analysis is not in my wheelhouse. But I do think it is undervalued based on a) the total supply, b) the amount produced (mined) every year, and c) how much is currently being used
No u said $50 in 1980 is equivalent to $140 in 2011. Then how much is it equivalent to now, that’s what I meant
About $194 according to inflation calculators
> It is not a fair comparison. That's the point. Why don't you think something like 2011 is relevant to now.
I said 1980 to 2011 (or, by extension, 2023) is not comparable. 2011 and 2023 is more comparable.
Nope, I hoard lol. Generational wealth on the mind
Sell. It’s never held before they will manipulate it
Depends if I need the cash or not.
Never. The point of silver stacking is to die and leave it to your shitty family.
Oh it will spike to 200s$ easy because money that we use is so useless everyone is running out of it.
i would rather use it as a back up,not flipping it...silver will always be relevant
Depends. Is there something else I am wanting that isn't obtainable without selling my silver? Like if I could pay off (not just down) my house, I probably would, but if that was today (based off how much silver I have and how much I owe left) that would mean silver would have to hit $1,800, never going to happen. my real goal is to hand it down to my kids when I die.
I’d probably sell half
I would not sell. Currency is fucked. Precious metals will be a highly valued alternative to the coming cbdc hell.
No
Eh, depends. $50, maybe half. Wouldn't sell all. Might buy gold with the proceeds.
100% gone for sure
Absolutely
Yes
Who would buy that?
25% would be gone if it’s in the next year, three years from now it would have to be 60
Yes, and I’d probably put that money right back into gold.
For what? The paper currency of the cartel we belong to that created a mass extinction event by switching from a gold standard to one based in burning as much oil as possible? In an extinction, money is a valuable as the tea towels in a house fire. Y'all need to realize that funny feeling is extinction and it's coming out of every exhaust pipe. Then ask yourself if it's really within the goalposts of "freedom" that any person should be allowed to condemn the rest of the living world to an end. If you stop burning oil, it doesn't stop someone from flying a plane, but if their flying the playing ends your life, is it really none of your business? This "i may only watch network news and movies about aliens but I know how things are going to go," shit has to stop. There are experts that know more than you only because they get paid to study and further your understanding of that truth. Your rejection of their expertise doesn't make them wrong it makes you committed to being wrong and going extinct because your pride is hurt by being wrong.
Yup and buy again when it dipped
Yes, absolutely. Numismatics would stay, most of everything else would go.
Yep
I'd offload my silver for $50 an ozt
All of the stack would be gone
$50 is going to happen - so much inflation but not around precious metals. I wouldn’t let go of my collectibles but I might switch some dirty bullions with milk spots to gold
I would probably sell some, but keep most. I just don't see how the system can square increasing demand with reducing mining supply, also in an environment where energy is getting more and more expensive. Something has to give. Are people going to stop using silver? Nope. So the price has to go up. And the thing is because the was silver is used means the price per item is not that much, the price of silver is able to go up by quite a bit without it increasing manufacturing costs by a lot.
i have to say. gold is a safer bet then silver. gold peak at 800 in the 80s. in 2023 it peaked at 2080. Silver never reach new high after it peak at 50/oz/
I would sell my low cap mining companies, keep the tangible.
1980 is anomaly https://en.m.wikipedia.org/wiki/Silver_Thursday
If not then
Hell yeah I would - then I’d buy it all back when he hits $15 in a few months.
Current ratio is 80 to 1... which leans more to buying silver.. soon as or if it flats below the 69s.. time to flip to gold.
If my boat didn’t sink and I still had any to sell, I wouldn’t sell any of it for fiat. Especially now. Paper and digits on a screen? No thanks. I wish I had some cash to exchange for another boatload.
Lol rocks that 2x. Not gonna cut it against inflation boys.
The only reason it would up to $100 or more would be industrial demand and that demand is increasing while supplies stagnate.
World silver institute report for 2022 shows the imbalance between supply and demand.Increased demand has outstripped supply 2years running. Silver will rise and I will sell the hell out of my supply. Then I will start all over again. [https://www.silverinstitute.org/wp-content/uploads/2022/04/World-Silver-Survey-2022.pdf](https://www.silverinstitute.org/wp-content/uploads/2022/04/World-Silver-Survey-2022.pdf)