Been at it since 2019, typically 10oz or more at a time (free shipping levels). Have a variety. Mainstay are the 1oz Maples, but have some 5oz, 10oz, 1KG bars, 1oz rounds, 2 oz Royal Canadian Mint coins.
Have been adding (Canadian, 80%, pre-1967) junk silver of late, especially dimes, as the cheapest fractional oz silver form. Took this from an Chris Marcus interview with Bill Holter (and Andy Schectman). Buying a dozen eggs during hyperinflation scenario.
People have been saying that silver is going to skyrocket for 40 years. It’s been the same thing over and over again, and over and over again they have been wrong. Dead wrong. I own a lot of silver and I do look forward to the time when it turns out that they were right.
They haven't been ' wrong ' as such - it's simply that the level of can-kicking , manipulation and outright corruption has been off the charts . I as you ( all of us ..?? ) am a mega frustrated Gold & Silver Bull - who had the demise of the system as we know it and Justice in terms of honest price discovery being served up to us - pencilled in for some time not much later than 2015 .....Wrong again and 10 x years on ' BUT ' I think you'll find that I and many , many others in our little community think that we are now finally about to witness the sword of damoclese as it come down heavilly onto all of the various manipulators and can kickers who've rooked us all of these years .
The massive demand against the current huge supply side deficit is of a level that
the Bullion Bankers et al have got to just about got to be out of ammo to defend against .
Justice is about to be served - hang on in there for all you're worth .
I'm way off with the first part, because I looked and there are only 3.363 Troy ounces of silver in a 1899 Sovereign. Or 0.2354 Troy ounces of gold.
3.363 oz / 0.2354 oz = 14.3 to 1 ratio
So, paid in silver, £700 annually in 1899:
£700 x 3.363 oz x $32 per oz = $75,000 today
Paid in GBP gold Sovereigns (0.2354 Troy oz), £700 annually in 1899:
£700 x 0.2354 oz x $2900 = $477,000 today
_______________________________________
Historically, for thousands of years, the ratio had been about 15 to 1. Except for the Great Debasement, after the Hundred Years War, then during the 1930's, and again currently, these past 54 years, and now especially since covid.
The $US Dollar has gone off a cliff since 2019, but we can't see it yet, because of the increasing Deficit Spending.
Conservatively, the ratio going to 50 to 1 would make silver $58 per oz.
The thing is though, we won't be buying gold and silver with $US dollars, we'll be trading with the gold and silver, because the $US will be worthless.
Yep. I've got some silver hairs waiting for years and years for silver to hit 50$, let alone the 60$ and upwards preached by the likes of broken clock Oliver!
Look on the bright side David - one day they will all be right.
I think the " Broken Clock " as you've put it is far more accurate than you ( don't ) give him credit for- and I've a feelin " In Me Waters " that he's going to be proven as being right over the target by year end ....Hope so anyway .
No he is not Simon. I have been following the silver price like a hawk and intensively studying and looking at the interviews of these so-called experts. Summer of 2024 I saw him in an interview go on about silver exploding past all time high and onwards past 60 within 6 to 8 weeks.
It's so hard to believe that silver was in US coinage up to 1965!!!!!! Before the debased the coinage.
The Treasury new soemthingback in the mid 1960s before Nixon closed the gold window in 1971. Maybe it was fears of Exevutive Order 11110? Maybe government could not maintain silver because over spending? I don't know the awnser....anybody know?
The fine folks at Sprott are my primary source for stacking physical. 👍 Eric Sprott is a hero in the PM space.
Do you get kilogram bars of silver? Pre-64 currency? Five or 10 ounces at a time?
Been at it since 2019, typically 10oz or more at a time (free shipping levels). Have a variety. Mainstay are the 1oz Maples, but have some 5oz, 10oz, 1KG bars, 1oz rounds, 2 oz Royal Canadian Mint coins.
Have been adding (Canadian, 80%, pre-1967) junk silver of late, especially dimes, as the cheapest fractional oz silver form. Took this from an Chris Marcus interview with Bill Holter (and Andy Schectman). Buying a dozen eggs during hyperinflation scenario.
People have been saying that silver is going to skyrocket for 40 years. It’s been the same thing over and over again, and over and over again they have been wrong. Dead wrong. I own a lot of silver and I do look forward to the time when it turns out that they were right.
They haven't been ' wrong ' as such - it's simply that the level of can-kicking , manipulation and outright corruption has been off the charts . I as you ( all of us ..?? ) am a mega frustrated Gold & Silver Bull - who had the demise of the system as we know it and Justice in terms of honest price discovery being served up to us - pencilled in for some time not much later than 2015 .....Wrong again and 10 x years on ' BUT ' I think you'll find that I and many , many others in our little community think that we are now finally about to witness the sword of damoclese as it come down heavilly onto all of the various manipulators and can kickers who've rooked us all of these years .
The massive demand against the current huge supply side deficit is of a level that
the Bullion Bankers et al have got to just about got to be out of ammo to defend against .
Justice is about to be served - hang on in there for all you're worth .
Average salary in 1900 England=£700.
One Pound Sterling=11oz pure silver
£700 x 11oz x $30 / ounce=
$231,000 average salary today
One Sovereign bought 11 oz pure silver
but there are only 7 grams gold per GBP
which is less than $70,000 salary today.
Average salary in the USA in 1900=$300
Double Eagles are close to an ounce
15 Double Eagles x $2800= $42,000
average USA salary in gold
20 Silver Dollars bought a $20 Double Eagle
So the average 1900 salary was only
300 Silver Dollars x $35 / oz = $11,000
when paid in silver. Actually quite a bit less,
by weight, because there are only 0.773
ounces of silver in a silver dollar.
Either way we look at it, the ratio should be closer to about 35 or 40 to 1, not 90 to 1.
The 20th Century average was about 45 to 1
It would be better to go by median in the 20th Century, because of the huge swings.
Historically, for thousands of years, it's been about 20 to 1.
I'm way off with the first part, because I looked and there are only 3.363 Troy ounces of silver in a 1899 Sovereign. Or 0.2354 Troy ounces of gold.
3.363 oz / 0.2354 oz = 14.3 to 1 ratio
So, paid in silver, £700 annually in 1899:
£700 x 3.363 oz x $32 per oz = $75,000 today
Paid in GBP gold Sovereigns (0.2354 Troy oz), £700 annually in 1899:
£700 x 0.2354 oz x $2900 = $477,000 today
_______________________________________
Historically, for thousands of years, the ratio had been about 15 to 1. Except for the Great Debasement, after the Hundred Years War, then during the 1930's, and again currently, these past 54 years, and now especially since covid.
The $US Dollar has gone off a cliff since 2019, but we can't see it yet, because of the increasing Deficit Spending.
Conservatively, the ratio going to 50 to 1 would make silver $58 per oz.
The thing is though, we won't be buying gold and silver with $US dollars, we'll be trading with the gold and silver, because the $US will be worthless.
Yep. I've got some silver hairs waiting for years and years for silver to hit 50$, let alone the 60$ and upwards preached by the likes of broken clock Oliver!
Look on the bright side David - one day they will all be right.
or not . but by then I will be dead and it wont matter
Is it being so cheerful that keeps you going ......??
I think the " Broken Clock " as you've put it is far more accurate than you ( don't ) give him credit for- and I've a feelin " In Me Waters " that he's going to be proven as being right over the target by year end ....Hope so anyway .
No he is not Simon. I have been following the silver price like a hawk and intensively studying and looking at the interviews of these so-called experts. Summer of 2024 I saw him in an interview go on about silver exploding past all time high and onwards past 60 within 6 to 8 weeks.
All bollocks.
Thank you Alasdair.
It's so hard to believe that silver was in US coinage up to 1965!!!!!! Before the debased the coinage.
The Treasury new soemthingback in the mid 1960s before Nixon closed the gold window in 1971. Maybe it was fears of Exevutive Order 11110? Maybe government could not maintain silver because over spending? I don't know the awnser....anybody know?