We should all just use silver by weight with each other
2023 Feb 19, 8:00pm 32,369 views 214 comments
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210
HeadSet
2026 Jan 6, 12:53pm
HeadSet
2026 Jan 6, 12:53pm
Patrick says
Well, let's see. Siver is about $80/oz and there are about 14 dimes to make an ounce of silver so that dime is worth $80/14 or about $5.71 today. California min wage is about $17 in most areas so silver would have to be $196/oz for a dime to equal minimum wage. Even in states like Montana, with about $11 min wage, silver would have to be $154/oz for a dime to be minimum wage. For the states that use the Fed min wage of $7.25, silver would have to be about $102/oz. I suspect the silver price will correct somewhat well before it hits $100.
Well, let's see. Siver is about $80/oz and there are about 14 dimes to make an ounce of silver so that dime is worth $80/14 or about $5.71 today. California min wage is about $17 in most areas so silver would have to be $196/oz for a dime to equal minimum wage. Even in states like Montana, with about $11 min wage, silver would have to be $154/oz for a dime to be minimum wage. For the states that use the Fed min wage of $7.25, silver would have to be about $102/oz. I suspect the silver price will correct somewhat well before it hits $100.
211
afh398h398h3f98fh3f98ahf983
2026 Jan 6, 5:42pm
Mainly about silver and gold, but truth in the examples of food and government are just as good:
WHAT DRIVES SILVER AND GOLD PRICES?
Until the late 1990s I used to pore laboriously over the Silver Survey published by the Silver Institute with a fine-toothed comb every year That was the annual silver supply and demand report, and I did the same for gold. Sometime about then it dawned on me I was wasting my time. Why?
Simply that industrial supply and demand change only slowly over time. What really drives gold and silver prices is monetary demand, demand for silver and gold as money, because it arises quickly and hits prices at the margin where it has the greatest effect. It’s not that industrial demand makes no difference at all, just that by its nature it won’t power large, fast price changes. As long as industrial demand is steady and climbing, that’s sufficient to undergird the market, but its monetary demand that really drives metals — a structural change in demand.
That’s exactly what we are witnessing right now, only the monetary demand is the strongest I’ve ever seen because it is a product of worldwide US dollar repudiation. What y’all are watching is a rare structural shift away from fiat money and the debt-based economy and a light to real value.
In other words, finance and money are shifting from abstracts to realities. Y’all know that humanity runs to excess always. Thinking since the Enlightenment has tended to the abstract and away from realities. Think of industrial agriculture, for instance. They think in NPK terms (nitrogen, phosphorous, and potassium) largely ignoring trace minerals and microscopic soil life. The result is food that doesn’t nourish.
In the financial world everything is abstracted and financialized, removing products further and further from the actual thing, the reality, that gives them value. A share of stock is a derivative of a company that produces something, for example. That derivative is then bundled and financialized and traded through an Exchange Traded Fund (ETF) that becomes a financial entity in itself — a derivative of a derivative of a derivative. Likewise debt is a derivative of some underlying collateral, real or otherwise, and not itself real.
Maybe I’m not explaining this very well, but the structural shift I mean is a return from the abstract to the real, where real assets like gold and silver will replace abstract and virtual assets (like debt and financial derivatives) and form a new financial foundation. That’s one reason I am so ardent about selling y’all gold and silver, because I know they are the best if not the only way to carry value across the abyss of monetary, financial, and economic collapse. They will give you capital indoor hands to rebuild on the other side.
Maybe another example will help. Communists love all mankind [the abstract] but no man [the reality]. That's why they can execute millions of humans to create their utopia for mankind. It’s all an abstraction, so never mind the sticky, troublesome particularities of real live men and women. Their reality must make way for the abstraction.
- Franklin Sanders
WHAT DRIVES SILVER AND GOLD PRICES?
Until the late 1990s I used to pore laboriously over the Silver Survey published by the Silver Institute with a fine-toothed comb every year That was the annual silver supply and demand report, and I did the same for gold. Sometime about then it dawned on me I was wasting my time. Why?
Simply that industrial supply and demand change only slowly over time. What really drives gold and silver prices is monetary demand, demand for silver and gold as money, because it arises quickly and hits prices at the margin where it has the greatest effect. It’s not that industrial demand makes no difference at all, just that by its nature it won’t power large, fast price changes. As long as industrial demand is steady and climbing, that’s sufficient to undergird the market, but its monetary demand that really drives metals — a structural change in demand.
That’s exactly what we are witnessing right now, only the monetary demand is the strongest I’ve ever seen because it is a product of worldwide US dollar repudiation. What y’all are watching is a rare structural shift away from fiat money and the debt-based economy and a light to real value.
In other words, finance and money are shifting from abstracts to realities. Y’all know that humanity runs to excess always. Thinking since the Enlightenment has tended to the abstract and away from realities. Think of industrial agriculture, for instance. They think in NPK terms (nitrogen, phosphorous, and potassium) largely ignoring trace minerals and microscopic soil life. The result is food that doesn’t nourish.
In the financial world everything is abstracted and financialized, removing products further and further from the actual thing, the reality, that gives them value. A share of stock is a derivative of a company that produces something, for example. That derivative is then bundled and financialized and traded through an Exchange Traded Fund (ETF) that becomes a financial entity in itself — a derivative of a derivative of a derivative. Likewise debt is a derivative of some underlying collateral, real or otherwise, and not itself real.
Maybe I’m not explaining this very well, but the structural shift I mean is a return from the abstract to the real, where real assets like gold and silver will replace abstract and virtual assets (like debt and financial derivatives) and form a new financial foundation. That’s one reason I am so ardent about selling y’all gold and silver, because I know they are the best if not the only way to carry value across the abyss of monetary, financial, and economic collapse. They will give you capital indoor hands to rebuild on the other side.
Maybe another example will help. Communists love all mankind [the abstract] but no man [the reality]. That's why they can execute millions of humans to create their utopia for mankind. It’s all an abstraction, so never mind the sticky, troublesome particularities of real live men and women. Their reality must make way for the abstraction.
- Franklin Sanders
214
Maga_Chaos_Monkey
2026 Jan 10, 2:49pm
Maga_Chaos_Monkey
2026 Jan 10, 2:49pm
HeadSet says
Right, I think he was the last (only?) 3 term president and they put the 2 term limit on it during his last term?
Except for Trump that is!
Yet they re-elected FDR twice....
Right, I think he was the last (only?) 3 term president and they put the 2 term limit on it during his last term?
Except for Trump that is!
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This is kind of funny because "peso" literally means "weight" of silver. But there is no silver in the peso anymore.
The US dollar has lost about 97% of its value from the time the Federal Reserve was created.
Why do we bother with their shit fiat currency at all? There is plenty of silver to use as currency, no shortage. And you can be sure its value won't go to zero like it does with all fiat currency eventually.
Would be nice if there were easily available small weights of pure silver available, but in the meantime, we could just use old US silver coins.
The important thing is to value currency by weight of pure silver, not bullshit pesos or dollars.