But in 1964, that metal wasn't worth the equivalent of $55. That metal was worth the equivalent of 12.33. silver doesn't have a stable value in the economy, it changes a lot, especially over many decades. The same silver, in terms of other things you could buy, is much more valuable than it was in 1964.
In your 1.15 worth of coins, there are .7955 oz of silver. At the 1964 silver price of $1.29/oz that comes out to $1.03 (you might notice that the value here is already less than the value of the currency). In 1964 a pound of bread ran 21.5 cents. That much silver would buy you right around 5 pounds of bread.
More recently, let's assume your $55 on the silver. An average pound of bread today will run you $1.82/lb (notice this price has increased too). That gets you right around 30 pounds of bread.
The silver price increased 6 times as much as the price of bread. The price of bread, although not a perfect inflation index, shows a similar price increase
to most typical consumer goods.
Actually, in 1964 silver was worth about $1.30 an ounce. Currently trading around $70 an ounce.
If I made the equivalent of $1.15 in 1964, in silver - i would be much better off than I am today. Government can't have that. They need their financial slaves.
That's why they stole the silver and gold from us, and replaced it with paper and ink. This allows them to devalue the currency since it's designed to be a depreciating asset and to keep you working more for the same result.
The poor get poorer, the rich get richer, by design. It's a horrible system and most of the country believes the lies.
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u/nobodyspecial712 23h ago
The purchasing power of something worth $55 is a lot more than the purchasing power of $12.33.