FC Posted March 18, 2023 Report Share Posted March 18, 2023 Silver and gold have jumped like mad with the banking crisis, which is only just starting. I'm no prophet, but this is a sign that the world economy is failing. Quote Link to comment Share on other sites More sharing options...
ken98k Posted March 18, 2023 Report Share Posted March 18, 2023 I wonder if people will ever realize just how badly the socialist / democrat parties have damaged the country? Quote Link to comment Share on other sites More sharing options...
FC Posted March 19, 2023 Author Report Share Posted March 19, 2023 If they do it'll be because things get unbearably bad. Quote Link to comment Share on other sites More sharing options...
karlunity Posted March 25, 2023 Report Share Posted March 25, 2023 Once they go to digital currency..and after the grace peroid you will kindly be given to turn in money before it is declared worthless.( yes it has been done..look up the old and new franc for example) Bad "social score?' funds frozen with a click. You can of course do public repentance and have your account partly restored. Think I am too doom and Gloom? Study the Cultural revolution of China...and they did NOT have computers. karl I stand corrected. They did allow people to keep the old franc,Simply dropped the value of the old franc about 99 % Think every old dollar, for example,is worth a CENT. Quote Link to comment Share on other sites More sharing options...
Dr.Hess Posted March 25, 2023 Report Share Posted March 25, 2023 The dollar today is worth a CENT from a hundred years ago. It was 3 cents, not I think it's about 1 with the inflation of the last 3 years. 1920: Gold was 20.00/oz. 2023: Gold is 2000.00/oz. A buck's a penny. Quote Link to comment Share on other sites More sharing options...
karlunity Posted March 25, 2023 Report Share Posted March 25, 2023 Alas you are right sir. I know a lady who was paid $90 a week in 1963. That was about 2.4 oz of gold at $ 35 an oz.. Now? that would be about $5000 a week. We got the claw plain and simple. karl Quote Link to comment Share on other sites More sharing options...
Dr.Hess Posted March 26, 2023 Report Share Posted March 26, 2023 Historically, going back thousands of years, the ratio of gold to silver was roughly 1:20. That is, as a hundred years ago, twenty silver dollars were worth one $20 gold piece. The price today is 2000:30, or 200:3, or roughly 66 oz (Troy) of silver to one ounce (Troy) of gold. This is an extreme imbalance. It implies that the price of silver should be about $100/oz. But it's not, and it never seems to catch up today. Oh, and historically, a man's wages for the day were 1 oz of silver, going back thousands of years. That would be $100 today, net, no tax, what you bring home. Quote Link to comment Share on other sites More sharing options...
FC Posted March 26, 2023 Author Report Share Posted March 26, 2023 Yeah, I've seen video after video about the manipulation of the silver "paper" market, where the big players short the market. Supply of silver is way down this year, so let's see how long they can keep it up? I think the ratio of silver to gold is about 80:1. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.