**** this guy

Wheres rafiki

A day's wage used to be a silver dime. 2000 years ago in Rome, a silver denarius was a day's wage, and that coin was about the size of a silver dime, too. Even as recently as 100 years ago, a silver dime was a day's wage... If the world returns to using silver as money, that silver dime might be worth about $150 or more, which is what a day's wage is in U.S. dollars today.

However, I figure it this way. Considering that a silver dime or denarius was a day’s wage for unskilled labor in a pre-mechanized society, These numbers are suspect at best. The numbers would require silver at over $2,000 per oz, something I consider highly unlikely.

It might be better to compare a “days wage” to today’s minimum wage, about $60 per eight-hour day. But even this is probably too high for a fair historical comparison. So instead of imagining a silver dime as the daily wage, let’s take a 25¢ piece. In practical terms that means a cashier at Wal-mart is making make 2.5 times as much as a farmhand did 100 years ago. Maybe over-compensated, but probably more accurate considering technology and changed standards of living.

Now, that means a silver quarter would be worth $60, making silver about $336 per oz. To be honest, I would be tickled pink for a even a silver half-dollar to be a day’s wage (silver $168oz). And I would not complain if we topped out with a single silver dollar worth a day’s work (silver at $84oz), although I expect that in the end the POS will make something between a quarter and a half-dollar = a day's wage.

i think 2000 is totally possible and i would even go as far as buying silver at 200 per oz...remember their is 5 times more gold than silver now .that just cant keep silver worth less than gold for much longer. at some point the price has to be at least 1 to 1 with gold simply based on its rarity and industrial demand...also the days wage thing silver will not only grow to match a inflation adjustment with out going up in value....

but that’s only taking in consideration a inflation adjustment. yes that makes a dime 150 but silver not only matches inflation but also passes that in value when there is monetary troubles , inflation ,deflation, insurant, default or a shrinking supply so its safe to say in times like this or when things get worse, 1 dime may have the VALUE of 3 or 4 days of work on top of a inflation adjustment of 150 making a dime worth 450+ silver doesn’t just ride inflation like food and clothes it gains more value because its real money.

Why on Earth would silver be worth anywhere near as much as it was 2000 years ago, when we've gotten far, far more efficient in mining it, and modern substitutes have replaced it?

In roman times, silver was the premier fine polished metal. It had luster and allure. It looked great and conveyed wealth. Now, it's a second-class shiny turd.

Silver isn't used for mainstream coins. Stainless steel cutlery and other chromium impregnated steel is far superior to silver for 99% of people for 99% of purposes. Why would anyone want silver? It's a big shiny lump of crap and not much more. I cannot see a single reason why you'd want to compare silver price in ancient Rome relative to wages with silver prices today relative to wages.

Yeah...they took the silver out of the coins for a reason, right? They didn't do it for fun. They did it to debauch the currency. Same thing happened to the Denarius in ancient Rome when they clipped the Denarius back in ancient rome. You act like debasement of currency has never happened. Currency debasement is as old as the hills.

If it is just a big shiny limp of crap and not much more then why didn't they just keep the silver in the coins??? And if silver is such a useless lump of crap how come a silver dime from the early 60's bought you a gallon of gas and still buys you a gallon of gas today 50 years later.

You understand the entire point of buying gold and silver, right??? The entire point is to have money when paper fails.

The assets of everything have been so over-inflated via inflation and fake paper money, that when it collapses the real purchasing power of silver and gold will shine.

Like in Venezuela how you can buy up to 6 months of food on the black market with 1 single ounce of silver. What is the dollar value of 1 ounce of silver? 18$, right? $18 barely buys you a cheeseburger, fries, and a beer. So clearly you can see the con of paper money promises.

Silver is money and money is silver, it doesn't matter if its 2,000 years in ancient rome or 2017. When paper fails it is what it is. And when it does fail and people are wiped out, they'll be working all day as slaves to just put food on the table. Like what happens in much of the world today. And if you have a monster box of silver eagles you will probably buy you a small town. And be light years ahead of 99% of the population.

FFS when and if fiat fails worldwide, you dont take your silver hoard down to the grocery store to buy dinner. You grab a gun and join WW3.

Sounds terrible. If I put that same money in the bank, I'd have 5 gallons of gas. If I put it in stocks, I'd have 18 tanks of gas.

Why would you invest in something guaranteed to make you poorer??

And this is the ultimate absurd hilarity. The word collapses, silver is the goto money. No dude, just no.

What will you be purchasing with gold and silver? A: stuff made by companies.

Why not just own the companies and enjoy a 10%/year profit before it all collapses? Companies make the stuff that you buy, and they get paid in whatever the currency is. They're an automatic inflation hedge. At least if you're wrong -which you have been for the last 50 years - you'll end up with 18 tanks of gas instead of 1. Why do you hate gas?

That has nothing to do with silver. USD would be pretty appreciated too.
When the end game of your investing thesis involves you being a Silver Lord with your own indentured serfs, look out below.

Is there an endless supply of these newbie silver fools or does the same moran keep getting banned and starting a new account?

I would guess Hawaii Surf is Michael and Silverman II and mrmusicrecorder and probably some others as well. They keep getting destroyed because silver is just a shiny ball of crap so he keeps making new screen names to keep fighting the losing fight. It is his religion and reason for being. If he was really smart he wouldn't let us all know just how great silver is and keep it all for himself. It is at bargain lows right now

Kind of crazy that digital currencies are peaking and stackers are still going on about paper money being the thing. Look around you guys, even made up digital money is worth more than metals now. And the more of it is made, the less people will care about metals.

If you had to flee a country and cross a border with your stacks, could you? You can smuggle your wealth out in bitcoins (and other coins) now, and people are dong it. The stackers have lost, man.

Couple things...

WHY do you think China, India, Russia, and central banks are buying gold in record tonnage?

You need to first understand that gold and silver are NOT investments, they are money. Comparing gold to stocks isn't the thing to be doing. You compare gold and silver to the dollar.

https://www.youtube.com/watch?v=55FPb2fdEsU

There you go, Africans panning for gold in zimbabwe to get .1 gram of gold to be able to buy a loaf of bread. WHY can they exchange .1 gram of gold for a loaf of bread? How is this possible Toothsayer???? Because GOLD is REAL money. Once you start understanding that gold is money then it all starts to make sense.

True, I didn't say life goes on normally and the 1% of people who have maybe a 20 ounces of silver get to live life normally exchanging their silver for cocoa puffs while the rest of the country melts down.

But you will be able to get food if you have REAL money.

Here you go...a video of Africans panning for .1 gram of gold to be able to buy a loaf of bread.

https://www.youtube.com/watch?v=55FPb2fdEsU

Also, ww3 will happen because the east doesn't want to be under the thumb of worthless federal reserve note any longer. The whole reason of ww3 happening is to prop up the failing worthless petrodollar. 70% of americans have less than 1k in the bank because they beiieve debt paper is money, and have been conned into this debt based ponzi scheme fiat system.

I posted this in the Bitcoin thread as well...

Crypto Currencies are a ruse to lure people into a faux FIAT mechanism that is controlled and reviewed by the major banks, governments and spy agencies. It serves the purpose of distracting those who would have alternatively considered gold and silver as a mean to escape the DEBTFIATPONZI WORLD. There is more in cryptos than the entire annual valuation of silver. Silver is left at the side of the road while owners of cryptos ride in limos. Pretty seductive IMO

Why are cryptos going through the roof?

Fear trade Greed Trade.

People are bidding up cryptos like they’d bid up precious metals if that was the means to conceal some modicum of wealth in face of the obvious nature of the world’s troubles. Gold and silver are being suppressed to allow the really wealthy people, central banks and governments to buy PMs by the truck load. We are given crypto currencies as a ruse to distract and deceive, like showing a hound dog a squirrel to get him off the scent of the real objective

People who get into cryptos may be smart or stupid but they share one common trait. They are easily duped.

Oh, now I see.

Except, money isn't a thing. It's an idea.

A huge percent of crypto is being bought up by mega rich and powerful to be able to move their mega riches around. So not sure why you bothered to type up this conspiracy based on nothing.

Yeah, and I'm not necessarily against that. I'm not necessarily anti-crypto and I don't think it is useless, but it certainly isn't a store of wealth.

So if some dude has 100 million and he puts 20 million in crypto and 20 million in gold/silver. I don't think that guy is an idiot for putting 20 million in cryptos. But he certainly is an idiot if he puts 20 million in cryptos and nothing in gold.

The post above is more for the common guy who doesn't have endless trunks of money. If a guy has 100k saved up in the bank and he correctly senses things are not right in the world and he feels the need to protect himself, and he throws 30k into cryptos because and doesn't even give gold 1 second of thought. Well, that guy is a moron and has been mislead.

I mean the whole point of Bitcoin is that it is to escape the system, right? Decentralization. So in a way Bitcoin is sort of like gold and silver digitally....except not really. Gold and silver is true de-centralization. And even if Bitcoin was everything that gold is, it still would make no sense to be anti-gold, because the whole point of Bitcoin is to be like gold, except it will never really be.

Well yeah, mainstream coins are fiat.


That's what the plebs will do. Intelligent people will have a game plan that doesn't involve getting killed for your political masters.


This is why it's important to diversify your political currency as well as your financial assets, regardless if you're a crypto guy or a stacker. Being a citizen of two countries has a lot of benefits. In an ideal world, you would have precious metals/ar15's in private vaults in 2 different countries.

And yeah, maybe stackers have lost in the short run. However, once you reach a certain wealth threshold it's a no brainer to keep gold and silver as part of your savings. You can't keep your savings in fiat long term, gold and silver are a nice alternative. btw I fully realize that equities are vastly superior for creating wealth in the long run, I only consider metals to be a form of wealth preservation.

What if just has it in real estate?

You absolutely never ever lose owning gold and silver. Valuing silver in terms of fiat is not the right thing to be doing. The fiat value of gold is 100% irrelevant. Like I said, Gold didn't all of a sudden become valuable when the Federal Reserve Note was created.

Wealth does not disappear or get transferred. All the "wealth" being accumulated in the stock market right now is phony wealth that will evaporate. Just like when trillions in phony wealth evaporated in 2008. Just like when home equity wealth evaporated. Just like in the NASDAQ bubble.

Each bubble that pops transfers money from the common dude to the government.

Gold and silver are measurements of wealth.

And the primary function of money is to measure value of items exchanged for.

Gold is a YARDSTICK to measure value. And nothing measures value better than gold.

Thats why people are uneducated when they say there isn't enough gold in the world for all the items out there. Pure NONSENSE. If there are too many items out there that make an ounce of gold too expensive then you cut them down to smaller measurements. Half ounce of gold. 1/10th ounce of gold etc etc.

When you measure a carpet the carpet is the same whether you measure that carpet in inches, centimeters, meters, yards, or miles.

Weird that gold and silver don't have stable buying power of utilitarian items, amiright?

Common guy right??? Well the common guy has a mortgage and his leveraged out.

What happens when over-inflated real estate collapses again and everyone is under-water?

What happens when real estate prices collapse 50-70%? to the guy who has a mortgage on 10 Single family homes?

I mean pretty much the point of owning gold and silver is it is so severely undervalued compared to other real assets like real estate, because of fiat, so when fiat collapses you plunk down 10 ounces, 100 ounces, 200 ounces of silver to buy that home because people will be dying to get their hands on real wealth/money when the dollar inflates away into nothing. So basically when things reset people with maybe 20k in gold and silver will be at a huge advantage. Which is why governments are buying gold in record tonnage right now.

China and the Chinese are shrewd. China has been telling its citizens to buy gold and silver for almost 10 years now. Interesting how our government never EVER tells us to do this.

Maybe our government is planning to have a big laugh at China's expense after they come to their senses and realize gold and silver are not great stores of wealth?

Everyone knows you never go full goldbug. You went full goldbug, man. Never go full goldbug.

Haha what? You actually believe that gold is not a store of wealth? But paper is? Even when $8.50/hour min wage barely puts a a crappy roof over your head.