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
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
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)