/biz/ - Business & Finance

>>23635986
has anyone seen the 100oz silver bars for sale on ebay? seem ultra cheap. they're fake right?

>>21849435
Just picked up Mr. Cheewonwang here.
Keep the thread about PM's!


"One of the consequences of the liberties afforded by fractional reserve banking is a suppression in the silver spot price [relative to fiat]. Modern silver markets are buyers markets, probably because over 50% of the yearly demand is industrial (whereas for gold it is sub 8%), so the majority shareholder’s preferences are reflected (those of industrial buyers).

On the civilisational scale, our desire for cheap stuff has overridden our ability to value our own labour.

Whereas 1 ounce of silver could have got you 4 cows in the Viking age, you’d need about 45 ounces of silver for just one cow today! Ouch!

The past 1000 years have seen a near-unilateral depreciation of the gold-silver ratio. It was 8:1 in the Viking era, dwindling to 15:1 in the United States of America in the year 1792. The 20th century average ratio was 47:1 and it has recently exceeded 110:1 (although more recently has settled back in the 80:1 range)."