15:1 by law would be a tragedy, just like it was before. That was fuckery then and it's fuckery now. Setting the price to 15:1 forced silver to be lower than it's value. That value should be between 10:1 to 8:1 based on how much exists (how much has been mined) and how much is available (due to hording). 15:1 was an advantage to those who had all the money. That it got worse from there was just more of an advantage done by the same people who committed the original fraud.
The only way that silver can be its real value is if it is NOT set to a price. Let the market decide. Because silver is the most important commodity for all of our electronics, I suggest the market would value it at least to 8:1. Of course we all have to learn that silver, the metal, is NOT THE SAME THING as Slvr, the worthless piece of paper. THAT is the real problem. It is the same problem for all stocks and/or commodities. It is that fundamental fraud that is what needs to be addressed. Forcing silver to a bimetal standard is NOT THE WAY. That would be just another level of fuckery.
I'd read that yearly silver mined is around 17 X Gold, not very educated re: Metals, I started stacking as a way to get out of fiat. Looking back I wish I'd bought metal earlier, Its a lot more passive than the few low end rentals I used to have.
I thought a more stable price would be better because bread going from a dollar to 2 dollars then down to 75 cents all in a week seems like a lot of consumer trouble
Both current trends and history disagree quite a bit with your assessment. Do you have an actual source?
Currently, we humans mine about 8-parts of silver to 1-part of gold ore globally. In other words, for each metric ton of gold production, there are 8 metric tons of silver.
8 silver to 1 gold mined. Looking at the chart, that is pretty much the same for the past half century or so.
Menes, the first king of Ancient Egypt, set a ratio of 2.5:1. Since then, the ratio has generally seen gold’s value rise as empires and governments became more familiar with the scarcity and difficulty of production for both metals.
Ancient Rome was one of the earliest civilizations to set a gold-to-silver ratio, starting as low as 8:1 in 210 BCE. Over the years, varying gold and silver inflows from Rome’s conquests caused the ratio to fluctuate between 8 and 12 ounces of silver for every ounce of gold.
By 46 BCE, Julius Caesar had established a standard gold-to-silver ratio of 11.5:1, shortly before it was bumped to 11.75:1 under Emperor Augustus.
History seems to agree with the current trends. If anything, we have less mined now than we did before (comparatively).
Thanks for the lesson. I'm a big fan of silver because it has many uses and a better set of properties. I looked at GSR earlier today, and it was 102,3/1 which is ridiculous. At first, I only bought gold, then I bought silver to weigh my safe down. Silver had a lot higher premiums and fluctuates a lot more than gold. Even 90% silver had a big premium. Then the premiums came down and I learned more about its useful properties. My mix is about 2/3rd silver to 1/3d gold and I'd sell gold before silver.
The 15:1 ratio seems like it should be updated. Isn’t the historical value closer to 10:1? It’s a much more realistic valuation than it is now, but it would still be a fixed/manipulated price.
Not just that, but silver is proving to be a much more (relatively) valuable metal than it has been in the past due to its usefulness in industry and electronics.
I’m not sure if it’s worth more than gold, but I think it’s worth more than its relative availability. As mentioned, it’s historically traded at 10:1, but now you can make a case for something better than that. The problem is that with all the fake paper out there no one knows how much there really is. People would lose their minds if they found out that most of the stuff they’re holding is fake.
would love to see a 15/1 GSR CURRENTLY 102.29/1
15:1 by law would be a tragedy, just like it was before. That was fuckery then and it's fuckery now. Setting the price to 15:1 forced silver to be lower than it's value. That value should be between 10:1 to 8:1 based on how much exists (how much has been mined) and how much is available (due to hording). 15:1 was an advantage to those who had all the money. That it got worse from there was just more of an advantage done by the same people who committed the original fraud.
The only way that silver can be its real value is if it is NOT set to a price. Let the market decide. Because silver is the most important commodity for all of our electronics, I suggest the market would value it at least to 8:1. Of course we all have to learn that silver, the metal, is NOT THE SAME THING as Slvr, the worthless piece of paper. THAT is the real problem. It is the same problem for all stocks and/or commodities. It is that fundamental fraud that is what needs to be addressed. Forcing silver to a bimetal standard is NOT THE WAY. That would be just another level of fuckery.
I'd read that yearly silver mined is around 17 X Gold, not very educated re: Metals, I started stacking as a way to get out of fiat. Looking back I wish I'd bought metal earlier, Its a lot more passive than the few low end rentals I used to have.
I thought a more stable price would be better because bread going from a dollar to 2 dollars then down to 75 cents all in a week seems like a lot of consumer trouble
Both current trends and history disagree quite a bit with your assessment. Do you have an actual source?
8 silver to 1 gold mined. Looking at the chart, that is pretty much the same for the past half century or so.
History seems to agree with the current trends. If anything, we have less mined now than we did before (comparatively).
...
Thanks for the lesson. I'm a big fan of silver because it has many uses and a better set of properties. I looked at GSR earlier today, and it was 102,3/1 which is ridiculous. At first, I only bought gold, then I bought silver to weigh my safe down. Silver had a lot higher premiums and fluctuates a lot more than gold. Even 90% silver had a big premium. Then the premiums came down and I learned more about its useful properties. My mix is about 2/3rd silver to 1/3d gold and I'd sell gold before silver.
Silver is really cheap right now. GSM always has deals too at $1 over spot. Currently it's at $30.66 out the door. I'm just about to buy some more.
Not able to buy at the moment, but its a good time to
Just watched an interesting video on billon, which was used to cut silver...
https://www.youtube.com/watch?v=2h4l9ZbXxuo
Crazy right. Buy silver if you want it nows the time.
https://nitter.poast.org/BernardRMichaud/status/1907592811207168247
The 15:1 ratio seems like it should be updated. Isn’t the historical value closer to 10:1? It’s a much more realistic valuation than it is now, but it would still be a fixed/manipulated price.
Not just that, but silver is proving to be a much more (relatively) valuable metal than it has been in the past due to its usefulness in industry and electronics.
it should be more in favor of silver so people hold less of it and keep it available for industry. If anything, silver is worth more than gold now.
I’m not sure if it’s worth more than gold, but I think it’s worth more than its relative availability. As mentioned, it’s historically traded at 10:1, but now you can make a case for something better than that. The problem is that with all the fake paper out there no one knows how much there really is. People would lose their minds if they found out that most of the stuff they’re holding is fake.
Fake? You mean the paper silver right?
Yes, that’s what I was referring to.
Gold-God. Silver-Redemption. Brass-Judgment
At 15:1 is just over 200 and oz. It's mined around 8 to 10 per oz of gold.