iShares Silver Trust (SLV)

[AlwaysRed]

I want to expand on why I believe that the prices of silver should be where I predicted. Between 1-2 thousand dollars per ounce.

Let's look at what the purchasing price of silver was throughout history. Purchasing price is the most important thing.

Historically, and I mean for thousands of years, prior to the debt based systems created in the 1700's onwards. Historically you received one DIME for a days pay. That is 1 tenth of an ounce of silver for a days wage.:

https://ancientfinances.com/2018/02/13/average-pay-for-roman-legionnaire/

https://www.thetorah.com/article/how-silver-was-used-for-payment

How Silver Functioned as Payment

Throughout this period, the value of silver remained very high: as noted above, the smallest meaningful weight, likely equivalent to a day-workers wage, was only half a gram. At the same time, the market value of silver remained relatively constant. For this reason, silver was the most commonly utilized precious metal for trade. It functioned in a similar way as coinage did once it was invented: it represented value, for which one could exchange goods.


https://sdbullion.com/blog/how-many-grams-in-a-troy-ounce-of-silver

31 grams of silver per ounce.

10 dimes per ounce

So what is a days pay today and what would the equivalent be in silver?

You can get a job readily paying 20 dollars per hour currently. To have any type of decent lifestyle and living standard I would assume a days pay at 200 dollars.

So if 200 dollars a day currently is a reasonable living. That would mean that a dime would be worth 200 dollars. 10 dimes in an ounce. 10X200=$2,000.

2 thousand dollar per ounce silver.

Now if you would assume even 15 dollars per hour wage currently. 15x8=120 dollars per day.

In that case a dime would be worth 120 dollars. 120 dollars x 10 (10 Dimes per ounce) = $1,200 dollars per ounce.

So my guess is between 1 - 2 thousand dollars per ounce is what silver should be valued at.

Purchasing power is the key. What would your lifestyle be like if you were paid in silver and the silver was 2000 dollars per ounce?

What would inflation look like?:

This is how badly the debt based economic system has ripped us off.

In 1980 you could buy a house for 20 grand
In 1969 you could buy a 1969 Camaro for $2500.00 dollars.

Today the average house costs $400,000
And it will cost you $60,000 dollar for the 69 Camaro:

https://www.usdebtclock.org/