Purchasing Power of Silver

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by Steve Fukunaga1 view·Updated Jan 18, 2022
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Learn about the purchasing power of gold and silver in this example of rising utilities cost versus silver.

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  1. Aloha, aloha, my name is steve Tanaka, this is silver,
  2. ahi the gold and silver minute and we are silver, ahi.
  3. What we do is we're an organization that helps educate people
  4. about acquiring gold and silver. So this is not investment advice.
  5. This is just an educational platform where we
  6. teach people how to buy gold and silver.
  7. Let's look at today, we're going to be looking at purchasing power.
  8. What is the purchasing power of silver and gold?
  9. Let's look at, if I have to pay my electric bills with precious metals,
  10. gold and silver,
  11. how would that look like compared to taking money out of
  12. your pocket or dollars paying your electric bill with dollars?
  13. Okay, so let's look at that
  14. in 2000 and one,
  15. your electric bill would have cost you about 15 ounces of silver or $76 at that time.
  16. The cost of silver would take you about 15 pieces of silver ounces. Uh
  17. Pay your bill of $76. Okay,
  18. so let me show you that little bit clearer.
  19. So that's the scenario here back in 2001,
  20. the electric bill would have been $676 from hell co
  21. wherever you pay your electric bill.
  22. Okay, so
  23. Now let's fast forward 21 or 20 years passes by.
  24. What is the purchasing power of your dollar? Now?
  25. We know that you can't pay your electric bill today
  26. With $76. It's more like
  27. $119 for the average family. Right? So
  28. That's more like a married retired couple right, $119.
  29. But believe it or not,
  30. the purchasing power of your dollar went down about
  31. 50% right
  32. now it would take you double
  33. the amount of money
  34. to pay for your electric bill. So in other words
  35. It took you $76 to pay your electric bill
  36. In 20 in 2001 in 2021 it would cost you 119.
  37. But silver on the other hand,
  38. if you had four of these coins you could pay your electric bill of 119.
  39. So what took you 15 oz of silver. Now believe it or not,
  40. it reversed
  41. and you gained on inflation
  42. And it took you only four of these coins. So 15 coins in 2001 proof
  43. Down to four coins in 2021.
  44. Your dollar on the other hand
  45. you had to dish out double.
  46. So you see the purchasing power of silver. It's so powerful
  47. when used properly.
  48. And when you
  49. take your mindset off of
  50. this
  51. tangible asset being only a shiny medal
  52. that doesn't earn interest.
  53. And so it's a beautiful, beautiful thing, wonderful thing. So
  54. let's give a thumbs up If you like this video.
  55. If you like this information that I provided to you, give me a thumbs up,
  56. hit the like button here and thank you for joining me.
  57. You have a blessed day. God bless. Thank you for joining me.
  58. We'll see you later again. We're silver ahi.
  59. We provide education platform where you can learn about buying,
  60. purchasing gold and silver.
  61. We do not give investment advice. We're not
  62. gold and silver dealers,
  63. but we provide education to provide value to our community.
  64. So, aloha, take care. God bless have a wonderful day.