Here's the inflation-adjusted price of gasoline every years since 1978 to 2021.

   / Here's the inflation-adjusted price of gasoline every years since 1978 to 2021. #51  
Yes. My mother in-law will still drive across town to save 20 cents on a gallon of gas. We've tried explaining to her that if she saves 20 cents on 10 gallons, that's two bucks. But she drove 10 miles round trip. Her car gets around 20 mpg. Gas is around $4. She spent two bucks to save two bucks. Plus put wear and tear on her car.

She has a moo-cow if gas prices rise a quarter. At $4 a gallon thats about 6.25%.
She had no such moo-cow when gas rose 2 cents from 29 to 31 cents per gallon and that was a 6.9% jump. Prices are all relative to what you are making at the time of the purchase.

She's 83 years old. She just spent $34K on a used car, $1000 on a new washer/dryer and laundry room move from basement to 1st floor, and $650 on a new water heater. She goes to the casino once a week. She has plenty of funds to last her the rest of her life. But that $2.50 extra on a tank of gas every 3-4 weeks is her main concern in life. 🙃
Maybe she just wants to go for a drive and that's a good excuse to get cheaper gas. Apparently her way of life has worked for her. If she wanted to save money she would stay home. She's 83 so she's entitled. My MIL stopped driving about 10 years ago and we have to drive 25 miles to deliver her groceries. She's 90 now and isn't concerned about saving money as she has to have the most expensive brands of food.
 
   / Here's the inflation-adjusted price of gasoline every years since 1978 to 2021. #52  
What world do you live in. I make and spend "worthless" money everyday, seems like everyone else I know does the same thing. Don't you have to convert your precious metals to "worthless money" in order for it to have value? Or do you go the store and plop a piece of palladium down on the counter, lol.

Food, bullets, water and tools beat having gold/palladium/copper if there is a true collapse.
Yep. Physical gold is worthless in a true emergency.
 
   / Here's the inflation-adjusted price of gasoline every years since 1978 to 2021. #53  
Now you're just being weird. She's fixated on saving a quarter.

And if you're spending two dollars to save two dollars (and forgetting about the wear and tear on the vehicle) no wonder you're often complaining about the state of things.
I think you’re just jealous that shes saving money
 
   / Here's the inflation-adjusted price of gasoline every years since 1978 to 2021. #54  
Yep. Physical gold is worthless in a true emergency.
What if its gold currency? Like a Krugerand?
I own these as part of my portfolio.
I have seen more than my share of sellers who will accept gold for payment, but not like WalMarts, etc.
 
   / Here's the inflation-adjusted price of gasoline every years since 1978 to 2021. #55  
The inflation adjusted stuff is pretty telling for sure.

I get pretty sick and tired of older folk talk about prices of things back in the 60's-70's like there is something wrong with the prices today.

I am one of those older folks.... and things were different back then.
Dont know about gas prices /adjusted inflation etc

but can remember.... Had a Ford F250 I put a built 428 in. Truck had 2 gas tanks (about 40ish gallons)

Pulling into a gas station and filling both tanks I never thought twice about how much it costs. Didnt shop around for lower prices, just stayed away from Chevron

Can you say that now?
 
   / Here's the inflation-adjusted price of gasoline every years since 1978 to 2021. #56  
Problem is the 'money' is basically worthless today and certainly not getting any better, only worse. So you invest in stuff like Bitcoin but in the end you have to convert to a negotiable currency like Federal Reserve notes to have spendable income, but they are worthless so what did you gain... Nothing.

Me, I'll stick with precious metals. One, I have physical possession and not some piece of paper that says I have something and two, while they may not accrue value at a high rate, they are pretty stable. Bitcoin isn't. Gold, Silver Palladium and even copper are stable investments today and I physically hold them.
He was being humorous and I was agreeing.
 
   / Here's the inflation-adjusted price of gasoline every years since 1978 to 2021. #57  
What if its gold currency? Like a Krugerand?
I own these as part of my portfolio.
I have seen more than my share of sellers who will accept gold for payment, but not like WalMarts, etc.
Gold is OK to hold, just like any other commodity, but it also goes up and down like any other commodity. I think the point is that if the country breaks down to the point that US dollars are not being accepted then no one is going to be seeking out gold or willing to trade food or fuel for it. Folks who are keeping gold as a hedge against the system collapsing or because ""money is worthless" or "stocks are worthless" are probably not taking an optimal approach.

From 1990 to 2020, the price of gold increased by around 360%. Over the same period, the Dow Jones Industrial Average (DJIA) gained 991%.
 
   / Here's the inflation-adjusted price of gasoline every years since 1978 to 2021. #58  
While you are correct, inflation decimates long term savings. $500,000 saved up in a retirement fund won't pay many bills 20 or 30 years after retirement.
My 43 year old Son and I were discussing this Saturday. I said you will need a minimum of $1M in a retirement fund to have any sort of financial security when you reach retirement age. And that security will hinge on being debt free.
 
   / Here's the inflation-adjusted price of gasoline every years since 1978 to 2021. #59  
I was joking about bitcoin. It seems too "make believe" to me.

I am 71 and at the point in my life where I do not need much to survive. Everything is paid for. The machines I depend on are nearly new and well maintained. Inflation will affect me but not too badly. I do not need to borrow money and I do not need a job.

Inflation will cause interest rates to climb to the point people lose homes. Investing by the big bad capitalists will be damped as borrowing costs increase and other countries may become more attractive places to set up shop. Heck, why would they want to deal with the EPA, EEOC, our "fair tax system", and Americans who do not want to work?

Adding 1.5-2 million people a year over the Mexican border will give us the double whammy of a reasonable supply of cheap labor to depress wages, and more people that need government handouts. Hopefully many will also sponsor other family members to join us!!

Crime should continue to rise. It will be fueled by lack of enforcement coupled with more people turning to crime to "get what they deserve" and their "fair share".
 
   / Here's the inflation-adjusted price of gasoline every years since 1978 to 2021. #60  
My 43 year old Son and I were discussing this Saturday. I said you will need a minimum of $1M in a retirement fund to have any sort of financial security when you reach retirement age. And that security will hinge on being debt free.
I expect many of our kids are hoping we die and leave them enough money to fund their retirement.
 
 
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