Doing the numbers on Silver Aussie Style

Some stats for my Aussie readers. I was doing some research today for my fellow analyst at ABC Bullion, Brett le Brocque, and thought I would share some of my findings. Oh for those who don't speak English, Petrol in this case = Unleaded Regular Gasoline, ie Gas (even though it is a liquid, understand?).

Silver price AUD:

2012 - $32

2007 - $16.70

2002 - $8.80

Australian Petrol price per litre in AUD:

2012 - $1.38

2007 - $1.15

2002 - 80c

Australian full time weekly earnings in AUD:

Nov 11 - $1333

Nov 07 - $1112

Nov 02 - $888

Litres of Petrol / oz

2012 - 23 L

2007 - 14.5 L

2002 - 11 L

Silver Oz equiv. per week worked (based on avg weekly full time earnings)

2012 - 41.6 oz

2007 - 66.6 oz

2002 - 100 oz

Now would you rather save in polymer fiat notes or in Silver?

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