35 A typical Roman legionary was paid 255 denarii per year Equivalent to 29 oz of silver or US$650 at today’s valuation Were the ancient soldiers underpaid ? Or is silver too cheap today ? (nitter.nl) posted 1 year ago by CoolAsACucumber 1 year ago by CoolAsACucumber +36 / -1 T ? ?? (@TeongH_SR) A typical Roman legionary was paid 255 denarii per yearEquivalent to 29 oz of silver or US$650 at today’s valuation Were the ancient soldiers underpaid ?Or is silver too cheap today ?#silver #denarii#RomanLegionary 31 comments share 31 comments share save hide report block hide replies
TBH silver has to be looked at pre and post discovery of the new world. A lot of silver was mined in Peru and Nevada. ...
Silver is still extremely undervalued and I'm buying a lot of it.
See Coin's finance school on Archive.org.
It seems well balanced with a silver and gold standard.
I don't see it, what section is it in?
https://archive.org/details/coinsfinanciautd00harvuoft
Thanks
It's the age old standard rule: Supply(availability and successfulness of mining) vs Demand.
No availability(could also be hoarders), the exchange rate goes up.
No demand, the exchange rate goes down.
Turn your thinking around. Ask how much precious metal does it cost to buy a fiat dollar. Get the picture?
There is only enough silver above ground mined for every 1 millionaire to possess 7 troy ozs
~1 bill oz a year available. That is 1/8 of a oz per person (4 grams) per person. Do you know how many pounds of silver goes in an electric car? And Oz of silver in solar panels? Price is way to low keep stackin
Electric cars per car no. I use to work exclusively in nonferrous metals market.
The industry/tech is the number one user of silver. More is used in electronics every year than mined.
No idea how much is in a solar panel, but I can tell you there isn't enough to even bother with recycling them. (1st hand knowledge)