Interesting analysis. Still, I'd love to have some definitive answer on actual value of gold / silver after our currency goes back onto a precious metal standard. Nice to think that I would "survive" but beyond that, I was hoping to see some quantification of values.
SILVER: Inflation-adjusted high is $145.21/oz in current dollars; Removing market hours manipulation since 1980, you get $440/oz; If all paper silver suddenly becomes worth $0, then silver price is ~$16,000/oz based on a 360x ratio of paper/physical https://usdebtclock.org/ ;My opinion is that silver is quite similar to palladium, its sister metal and should be $1000/oz minimum (more physical silver can be made out of palladium which trades >$1300/oz).
GOLD: Adjusted for inflation it is very close to what it is now ~$4250/oz https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart ; US gov't will likely revalue gold holdings to $8.8k to $10k per oz because that provides ~$1T of collateral. Using paper/physical gold ratio we get $591k/oz using the 139x ratio (100% of gold paper would be worth $0 in this scenario). Realistically, if we factor in "hidden gold" and "currency demand" a reasonable price for gold is probably around $50k per oz, but at least 10x from current price, imo.
Interesting analysis. Still, I'd love to have some definitive answer on actual value of gold / silver after our currency goes back onto a precious metal standard. Nice to think that I would "survive" but beyond that, I was hoping to see some quantification of values.
SILVER: Inflation-adjusted high is $145.21/oz in current dollars; Removing market hours manipulation since 1980, you get $440/oz; If all paper silver suddenly becomes worth $0, then silver price is ~$16,000/oz based on a 360x ratio of paper/physical https://usdebtclock.org/ ;My opinion is that silver is quite similar to palladium, its sister metal and should be $1000/oz minimum (more physical silver can be made out of palladium which trades >$1300/oz).
GOLD: Adjusted for inflation it is very close to what it is now ~$4250/oz https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart ; US gov't will likely revalue gold holdings to $8.8k to $10k per oz because that provides ~$1T of collateral. Using paper/physical gold ratio we get $591k/oz using the 139x ratio (100% of gold paper would be worth $0 in this scenario). Realistically, if we factor in "hidden gold" and "currency demand" a reasonable price for gold is probably around $50k per oz, but at least 10x from current price, imo.
Wow! I'm sitting on about 350-400 troy ounces and won't touch it, it's not an "investment"... it's for barter if TSHTF.
Look at usadebtckock.org on the right side in the top 1/3. 5yr and 10 year projections.
Correction: usdebtclock.org
I did not see your comment until today. I thank you for the correction.