/biz/ - Business & Finance

>2,000,000 metric tones of silver has ever been mined throughout history
>82% of which was mined since 1900
>in the year 1900 there was up until that point 370,000 tones of silver mined throughout history
>the world population was 1.7 billion people
>that 7 ounces for every person
>today it’s 8.24 ounces for every person
>despite all that mining there still isn’t enough silver for everybody
>just horde it

Reminder:

>$2 quadrillion USD FIAT in world broad money supply (m3), stock markets, private and public debt, real estate, derivatives
>to account for all of that Gold needs to be $364,000 USD per ounce
>to account for all of that Silver needs to be $50,000 USD per ounce
>doubling the supply of gold and silver 10 times will still make gold $36,400 an ounce and silver $5,000 an ounce
>realistically silver supplies are not being replinshed and and total amount of silver to have ever been mined by 2035 will be 2.7 million tones and gold by 2035 will be 270,000 tones. NOT ENOUGH

Reminder:

>$2 quadrillion USD FIAT in world broad money supply (m3), stock markets, private and public debt, real estate, derivatives
>to account for all of that Gold needs to be $364,000 USD per ounce
>to account for all of that Silver needs to be $50,000 USD per ounce
>doubling the supply of gold and silver 10 times will still make gold $36,400 an ounce and silver $5,000 an ounce
>realistically silver supplies are not being replinshed and and total amount of silver to have ever been mined by 2035 will be 2.7 million tones and gold by 2035 will be 270,000 tones. NOT ENOUGH

>buy silver today, sell silver 30 years from now
>retains its value because is not destroyed by inflation
>same with gold

>average daily wages of a Roman soldier/day labourer was 1 denarius a day, equivalent to 3.11 grams of silver a day
>therefore an annual income would have been 37 troy ounces of silver to live reasonably back then during the height of the Roman Empire
>mfw you just 1100 ounces of silver to cover you for 30 years
>if every person had 1100 ounces of silver today there would be a massive silver deficit of 8.6 TRILLION ounces
>all research suggest about 2 million tones of silver has ever been mined, roughly 70 billion ounces
>below ground reserves would only yield another 10 billion ounces

My goal is to accumulate firstly, 1100 ounces of silver and then around 4,400 ounces for the rest of my family. Maybe more.

>what to buy?
Buy coins, or big bars (min 10oz). For coins get:
>eagles
>maples
>Britannia
>philharmonic
>kangaroos
>libertads
>pandas
>kookaburras
>krugerrands
>Perth Mint Lunars

Why don’t we go back to a silver standard like we did in the 18th century? We have enough silver to make it work.

Silver is rare. Silver is money. Silver is great. Silver is the perfect currency.

In Mexico (spic land) you can pay your taxes with Libertad silver coins. Libertads don’t have a currency domination like most silver coins but they’re counted as legal tender and you can pay your taxes with your libertads and apply the spot value of your coins against the taxes you owe. You can simply do this by going to the bank and giving them your coins and they apply it against the taxes you owe.

I wish we had this in system in Canada.