Silver coinage without gold standard?

westernpromise

RealElement47 wrote: »

Yep almost zero downside risk at these low levels and huge upside potential.

If things are stable and no instability on the horizon then don't hold monetary PMs, but if the world looks like it does today the everybody should have a little in their portfolio

I've got fifty trillion of silver in mine.

RealElement47

westernpromise wrote: »

I've got fifty trillion of silver in mine.

If you talking ounces then I k ow your lying, there isn't that much silver in existence.

The amount of silver in available amounts on earth right now is less than a 17th of an ounce for every human being. And that is going down every year as mines get depleted and industry uses up the available amounts of silver stockpiles.

Maybe you are referring to Deutcher Banks toxic derivative book?

AG47

James_Green_1982 wrote: »

But that amount of physical silver does exist. And the house does exist. Yes, you can use paper contracts etc - or you could take physical delivery of the silver. But either way it's surely the ratio of silver ounces to houses in question..?

The average house price to silver ratio is usually several hundred ounces for an average house in most cities around the world for the last millennium. And the last few hundred years less than that.

In the 1970s it went right down to only a few hundred ounces of silver per average house price.

In 1980 the ratio was 500:1 for houses in New York and London.

Today it’s 50,000oz of silver to an average house price in these cities.:T:T:T:T:T:eek::eek::eek: