[steam_cannon]

Real money

[Dreamtwister]

That's pretty creative. It's legal tender, and it has actual value. I guess as long as he makes sure to pay his bills in modern "funny money", he can probably get away with it.

[steam_cannon]

The silver for gasoline comparison is classic, so a gas station taking
silver directly is kind of cool and something I think we'll see more of.

$this->bbcode_second_pass_quote('', '[')b]Why buy silver?

For example, in 2002, the average price of gasoline was about $1.28
per gallon and silver was trading at around $4.50 per ounce, which
means, that you could have gotten about 3.5 gallons of gas for 1 oz.
of silver. Today, gasoline is about $3.23 per gallon and silver this year
has averaged about $17.55 per ounce, which means, you could get
get 5.4 gallons of gas for 1 oz. of silver. As you can see, as the dollar
is losing value, silver has kept it's purchasing power in terms of gasoline.

http://tinyurl.com/6h8e2h

[mattduke]

$this->bbcode_second_pass_quote('Dreamtwister', 'T')hat's pretty creative. It's legal tender, and it has actual value. I guess as long as he makes sure to pay his bills in modern "funny money", he can probably get away with it.

[steam_cannon]

$this->bbcode_second_pass_quote('mattduke', 'N')ow try to calculate what sales tax he should pay...

[mattduke]

$this->bbcode_second_pass_quote('steam_cannon', '')$this->bbcode_second_pass_quote('mattduke', 'N')ow try to calculate what sales tax he should pay...

[steam_cannon]

$this->bbcode_second_pass_quote('mattduke', 'H')e paid 25 cents, legal tender.

[3aidlillahi]

When I read the title, I was thinking "All gas stations are like this - If you have a 90% quarter". I don't mean they'll take the coin, but you could sell it for roughly a gallon of gas.

[Pretorian]

$this->bbcode_second_pass_quote('steam_cannon', '[')b]Real money

[steam_cannon]

$this->bbcode_second_pass_quote('Pretorian', 't')hat coin had lost minimum 0.5 grams of silver. not so real anymore.

[Ferretlover]

HHhmmm... wonder if Gary, the gasoline guy, visits here?...

[steam_cannon]

Penny Bullion

Something amusing, a few sellers on ebay are listing the older copper
pennies on ebay as "penny bullion" a copper bullion.

Copper Cents in 10 lb Boxes! Penny Bullion Below Melt!
http://cgi.ebay.com/ws/eBayISAPI.dll?Vi ... 0213564157

2500 copper pennies lot from 1959-1981
Current bid: US $36.57, MELT VALUE $65
http://cgi.ebay.com/ws/eBayISAPI.dll?Vi ... 0214155971

[gnm]

Even the copper clad zinc pennies are worth more than their face value. How far we have fallen... Keep on printing Ben!

-G

[Pretorian]

$this->bbcode_second_pass_quote('gnm', 'E')ven the copper clad zinc pennies are worth more than their face value. How far we have fallen... Keep on printing Ben!

-G

[heroineworshipper]

Since gas crossed $4 here & diesel crossed $4.50, gas stations actually seem to be getting busier. People may have figured out that they can save 20% by filling up more often & unnecessarily. Maybe filling up a few extra cans & stuffing those in their $2 million back yards, too. SUV's are also briskly moving off the dealer lots, probably because of free credit & speculation of more home equity infusions just around the corner.

[Twilight]

A useful observation for the gasoline shortage thread. I will copy it there. If fuel price inflation hits the public consciousness enough that they keep their tanks topped up through summer, that could have an effect on inventories.

[MD]

$this->bbcode_second_pass_quote('Twilight', 'A') useful observation for the gasoline shortage thread. I will copy it there. If fuel price inflation hits the public consciousness enough that they keep their tanks topped up through summer, that could have an effect on inventories.

[Jenab6]

$this->bbcode_second_pass_quote('MD', '')$this->bbcode_second_pass_quote('Twilight', 'A') useful observation for the gasoline shortage thread. I will copy it there. If fuel price inflation hits the public consciousness enough that they keep their tanks topped up through summer, that could have an effect on inventories.

[Tanada]

In the Carter gasoline crisis many people decided to keep their car tanks full, which resulted in a lot of gas stations running out of fuel. The USA as a whole had trhe same amount of gasoline, but it was distributed very differently. And once the stations ran out the first time everyone decided to keep their tanks full so the problem persisted for a few months.

[whatpeak]

There were long lines at the Costco gas station yesterday. Not the lines that extended for blocks during the early 70's, but tens lines with six to seven cars in each. Traffic was backed up on street. People were honking their horns at each other.

The lines resulted from $3.69 a gallon for regular unleaded and not some oil embargo. However, the doomer side of me thinks we're just seeing the beginning of hoarding.

Filled up the Suburban for just $99. Got to get rid of that thing.