I have none. I am constantly harassed by Acts of God when sailing.
So, somewhere at the bottom....
However, if I had to buy, indeed I would buy silver 1To bullion. The reason is, they are easier to trade. And at times, when my stacking would have brought me to the point of acquiring the gold, and the exchange rate is ok, I would also try to pass on the silver to another stacker in exchange for some needed fiat to appease the money dealer.
The next step would be to find businesses locally who would transact in silver bullion. This way, business can be performed in a trust environment. The wider is grows the better. The next step is to acquire silver and gold by exchanging work force.
On top of this we can then built inter regional transaction schemes.
The hurdle I see currently with such ideas is the fact that we have no clue as to the price of things, meaning: value in terms of settling or clearance of contract. We are divorced from that sense.
A bit akin to knowing that a silver round of 1 TO would equal a days wages. It would also means that 15 /16 days of wages would satisfy the value of a Gold TO. We are far removed from such notions.
So, next to acquiring those items of brilliance and desire, I would recommend to study pricing in these terms.
But by all accounts, silver is the most undervalued of the two.
Gold not so much.
I think of it in terms of postage stamps that used to be backed by the Gold franc. So a stamp of 2 dollar cents would equal 0,02 over 35$ for a TO of Gold. That gives us a ratio of 0,00057. Current stamps for the same weight to be transported are 0,96 euro cents. We just divide 0,96 by this ratio of 0,00057 and gives us a Euro amount for Gold of 1680. At parity that would be 1680 dollars.
The current gold price is about: 1680 in dollars and 1722 in Euro. Quite astonishing, is it not? In my view, this means a gold standard is still applied to some degree, despite the fact that the UPU has gone fiat on Special Drawing Rights and uses a basket of currencies to stabilize value.
It does show, however, that of the two Silver has the highest potential to rise due to price suppression. The exchange ratio of 86 or even 110 is just rubbish. Historically that should be 1:15 or 1:16. Which would presuppose a fiat value of 105 dollar as opposed to the current value of about 19,55. It can appreciate 5 to 6 times to balance out.
If such a scenario would occur, then I would expect the price of Gold to rise too. And whether that would be 10K, or 100K in dollars is simply a matter of speculation. Fact then would be that the system not has collapsed but has become more stable. And only those who have this stuff, notice the stabilizing effect. Those without will be hurt.
In a way, these bullion coins represent the connection between a weight in gold or silver and numismatic value. It defines what a dollar, Pound or Euro is. A certain amount of silver. This also brings to light what it is not. A dollar is not a Federal Reserve Note, or a Euro or Pound Note.
We’ve been, as people, so far removed from trade using silver and/or gold that it might take a little while to establish a value compared to goods and services but I’m sure it would get figured out rather quickly out of necessity.
I have none. I am constantly harassed by Acts of God when sailing.
So, somewhere at the bottom....
However, if I had to buy, indeed I would buy silver 1To bullion. The reason is, they are easier to trade. And at times, when my stacking would have brought me to the point of acquiring the gold, and the exchange rate is ok, I would also try to pass on the silver to another stacker in exchange for some needed fiat to appease the money dealer.
The next step would be to find businesses locally who would transact in silver bullion. This way, business can be performed in a trust environment. The wider is grows the better. The next step is to acquire silver and gold by exchanging work force.
On top of this we can then built inter regional transaction schemes.
The hurdle I see currently with such ideas is the fact that we have no clue as to the price of things, meaning: value in terms of settling or clearance of contract. We are divorced from that sense.
A bit akin to knowing that a silver round of 1 TO would equal a days wages. It would also means that 15 /16 days of wages would satisfy the value of a Gold TO. We are far removed from such notions.
So, next to acquiring those items of brilliance and desire, I would recommend to study pricing in these terms.
But by all accounts, silver is the most undervalued of the two.
Gold not so much.
I think of it in terms of postage stamps that used to be backed by the Gold franc. So a stamp of 2 dollar cents would equal 0,02 over 35$ for a TO of Gold. That gives us a ratio of 0,00057. Current stamps for the same weight to be transported are 0,96 euro cents. We just divide 0,96 by this ratio of 0,00057 and gives us a Euro amount for Gold of 1680. At parity that would be 1680 dollars.
The current gold price is about: 1680 in dollars and 1722 in Euro. Quite astonishing, is it not? In my view, this means a gold standard is still applied to some degree, despite the fact that the UPU has gone fiat on Special Drawing Rights and uses a basket of currencies to stabilize value.
It does show, however, that of the two Silver has the highest potential to rise due to price suppression. The exchange ratio of 86 or even 110 is just rubbish. Historically that should be 1:15 or 1:16. Which would presuppose a fiat value of 105 dollar as opposed to the current value of about 19,55. It can appreciate 5 to 6 times to balance out.
If such a scenario would occur, then I would expect the price of Gold to rise too. And whether that would be 10K, or 100K in dollars is simply a matter of speculation. Fact then would be that the system not has collapsed but has become more stable. And only those who have this stuff, notice the stabilizing effect. Those without will be hurt.
In a way, these bullion coins represent the connection between a weight in gold or silver and numismatic value. It defines what a dollar, Pound or Euro is. A certain amount of silver. This also brings to light what it is not. A dollar is not a Federal Reserve Note, or a Euro or Pound Note.
We’ve been, as people, so far removed from trade using silver and/or gold that it might take a little while to establish a value compared to goods and services but I’m sure it would get figured out rather quickly out of necessity.
Yes, indeed.
To cut short on that time, that is why I teach these skills in my region and try to raise awareness.
Human society in a free state, is a miraculous thing to behold. It also shows the evil of the cult of obedience for the sake of it.