The math INCLUDES the price of silver…
(by Half Dollar) Happy Thanksgiving!
Thank you for reading, and more importantly, critically thinking!
There is a calculation I like to do from time to time, and I haven’t done it for a while, so let me do it now.
How much does it cost, on average, for one ounce of precious metal?
And before anybody asks if that’s a loaded question or something else that I’m to dumb to be able to think of, much less understand, I think the question is not just valid, but important.
Furthermore, we can substitute “one ounce of precious metal” for “a pound of apples” and the question still makes sense: How much does it cost, on average, for a pound of apples?
Side Note: There is a total difference between “price” and “value”, and while people can instantly see the price of anything they want, anywhere in the world, in an era of unbacked, debt-based fiat currency dependent on exponential, unsustainable growth, the sheeple are about to learn a very cruel lesson in “price versus value”.
Back to the math.
Ignoring the “exotics”, there are four precious metals: gold, palladium, platinum, and silver.
Excluding silver and using $1800 gold, $2300 palladium, and $900 platinum, the average price for one ounce of precious metal is $1,665.
Yeah, I know the math is wrong.
I just didn’t want to type the other “6”, okay?
But I digress.
When we include silver, the price for one ounce of precious metal still averages out to over $1,250.
And yet, in making that calculation, I’m assuming $25 silver!
That’s TWENTY-FIVE dollar silver!
Said differently, If a person wants to save their money and quite possibly themselves by purchasing one ounce of precious metal, it basically costs over $1,000, much like Granny Smith’s, Washington’s, and Gala’s may cost, $1, $2 and $3 a pound, respectively, but if a person wants to buy a pound of apples, it’ll cost about two bucks.
However, if a smart person wants something that’s so precious, that only a small percentage of all of the people on planet earth could have a single ounce if they wanted one, silver, the cost is less than twenty-five bucks.
Talk about a bargain!
And when adjusting for inflation?
Who really thinks silver will stay here for long?