Could These Buy a Car Someday?
It's Difficult To Imagine Today
Silver per ounce is artificially deflated in value. We are supposed to believe that a one ounce of pure silver is worth about the price of a couple of large pizzas or a few subs from a sub shop. Yet it was just a few dozen decades ago, a couple of DIME'S worth of silver (that is the silver contained in a dime) could purchase a bunch of those sandwiches!
Imagine, purchasing a pizza with three quarters! Three SILVER quarters, that is.
How many pizzas?
Ok, let's math. So today's silver value for three quarters is just shy of $13
Shown in my little bag is 20 oz pure silver, so about the same as 37 silver Washington quarters, or $9.25.
Wow, my weighty pouch of silver is the same as $9.25 of loose change in 1964! If people wanted to pass wealth down to their children, all they had to do is fill as many mason jars with silver change as they could. Even better if they were FRESH uncirculated from the bank.
If that were the case, no one would be purchasing bars like these, as nice as they are.
Do you have any silver coinage from days long ago? Do you have any bars?
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Once people experienced physical gold and silver in their hands, the perspective is going to change.
There is no comparison to todays scrap metal coins and plastic bills.
Absolutely. Right now, we are programmed to only accept cash or credit, but when the buying power of USD tanks, people will be willing to for trade things that are shiny and heavy.
It begs the question, what have they done to the money! Do you think a gold standard should be re-introduced?
We never should have left the gold standard to begin with. In a perfect world, we would go back to a gold standard, it's really the only way to save the USD at this point - it's been running fiat for WAAY too long. There were rumours that the former US president's administration was going to go gold in his second term, but he didn't get a second term. The current administration is set on ruining USD, I think there is something else fiat waiting to be implemented once confidence in USD is ruined, many other currencies also failing simultaneously. A "global" currency, if you know what I mean.
You are right there and you have something in common with Peter Schiff then lol
The story of Peter's father is an intriging one and shows the fraud of the system goes much deeper.
I think Trump showed his alliegence to the one world order when he donned his mask. What an embarassment that was..
I personally don't think the USD is failing, it is working as intended and if Weimar shows us anything, people will use it, even if it requires a wheelbarrow to take it to the shops.
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Before 1 oz silver could buy foods in many days. Now can only get a meal or two !
At least those would be some good meals... but not nearly worth it.
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Well probably in the next 3033 year, one silver can buy a car
I agree.
I only have a few silver coins and I'm never letting them go in a furnace. Lol i would sell the coins to a collector before I melt it away. 🤣
Better not melt those coins, the "melt" value is purely theoretical. !LOLZ
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I inherited my Father's silver coin collection that included a 5 troy oz. Johnson Matthey Silver bar which formed the basis of my Stacking career.
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A silver bar began the obsession... and it wasn't even on a pirate ship!