Regarding 11:24, gold is much more valuable than silver that combines an even greater store of value with physical presence and educational requirement. For example, on December 31, 1974, President Gerald Ford signed Executive Order 11825 which made it legal for Americans to buy and own gold again. On that day, the price of gold was $186.50 per troy ounce. At that time, the most popular gold bullion coin in the world was the South African Gold Krugerrand which contained one troy ounce of gold and could be bought for around $198 each. Fifty-two years later, the price of gold had risen tremendously to an astonishing $5,596.20 per troy ounce on January 29, 2026.
In 1964, a customer could go a bank and buy a new roll of twenty freshly minted uncirculated 1964 Kennedy 90% silver half dollar coins at their face value for $10. Each 90% silver half dollar contained 0.3617 troy ounce of silver and silver was worth $1.38 per troy ounce. Sixty-two years later on January 29, 2026, the price of silver had risen tremendously to $121.76 per troy ounce which means a roll of twenty 90% silver half dollar coins would be worth $880.80 instead of their original $10 in 1964. In other words, one 90% silver half dollar coin would be worth $43.96 each instead of 50 cents in 1964. For comparison, in 1964, the price of gasoline was 30 cents per gallon and one half dollar coin could buy 1.67 gallons of gasoline. Therefore a twenty gallon gasoline tank in a car could be filled for $6. The following year in 1965, the United States discontinued 90% silver coins for circulation and replaced them with cheap cupronickel clad over copper sandwich coins. Savvy people who understood Gresham's Law hoarded the silver coins for their precious metal content whereas they spent the cheap clad coins or deposited them into their bank account.
I am blessed so that my grandchildren have been exposed to precious metals and they each have a small stack… I love giving gold and silver as gifts.. That shiny metal make folks smile….
Regarding 11:24, gold is much more valuable than silver that combines an even greater store of value with physical presence and educational requirement. For example, on December 31, 1974, President Gerald Ford signed Executive Order 11825 which made it legal for Americans to buy and own gold again. On that day, the price of gold was $186.50 per troy ounce. At that time, the most popular gold bullion coin in the world was the South African Gold Krugerrand which contained one troy ounce of gold and could be bought for around $198 each. Fifty-two years later, the price of gold had risen tremendously to an astonishing $5,596.20 per troy ounce on January 29, 2026.
In 1964, a customer could go a bank and buy a new roll of twenty freshly minted uncirculated 1964 Kennedy 90% silver half dollar coins at their face value for $10. Each 90% silver half dollar contained 0.3617 troy ounce of silver and silver was worth $1.38 per troy ounce. Sixty-two years later on January 29, 2026, the price of silver had risen tremendously to $121.76 per troy ounce which means a roll of twenty 90% silver half dollar coins would be worth $880.80 instead of their original $10 in 1964. In other words, one 90% silver half dollar coin would be worth $43.96 each instead of 50 cents in 1964. For comparison, in 1964, the price of gasoline was 30 cents per gallon and one half dollar coin could buy 1.67 gallons of gasoline. Therefore a twenty gallon gasoline tank in a car could be filled for $6. The following year in 1965, the United States discontinued 90% silver coins for circulation and replaced them with cheap cupronickel clad over copper sandwich coins. Savvy people who understood Gresham's Law hoarded the silver coins for their precious metal content whereas they spent the cheap clad coins or deposited them into their bank account.
I am blessed so that my grandchildren have been exposed to precious metals and they each have a small stack… I love giving gold and silver as gifts.. That shiny metal make folks smile….
Ken AG. Thank you for your work… Thought provoking and entertaining….
I inherited the love of coins and bullion from my father. I love researching each coin or bullion piece and it's become a satisfying hobby.
Exactly right.