need to ask this for my own understanding:
if historically a silver dime was about an average day’s wage for a laborer, then an ounce represents 2 weeks wages. which means 26 ounces represents a year’s wage.
can anyone else give me a better interpretation? because that suggests silver is INSANELY undervalued, more than i ever could have imagined.
your analysis is accurate. real silver value is $3000 per ounce and real gold value is $10000 per ounce
I heard that it could be 1 to 1 with gold, same evaluation. Wow, wouldn't that be something!!
It could. It is 4 to 1 out of ground which would indicate 4 to 1 might be close. However, silver is needed for many futuristic purposes
