I get it: the old Roman Empire will now give its place to the Sprottian Empire! All hail Sprott! Ave Sprott! Ave Sprott, Silver Ruler of the World!
The synchronicity in volume of AG with current global population is a beautiful thing.
$960 Silver if you want it.
A good bit of research. I noticed by looking at a 600 year old silver chart priced in 1998 Dollars. The current price is ridiculously low. Silver was short in Europe up until about 1400 then, a huge new supply started coming in from South and central America via the Spanish. Later in the 1800s, the US and mexico using mechanised mining again produced massive amounts of silver.
Silver was demonetised in 1873 by the banksters. This meant there were massive amounts of silver vaulted up. Now it’s all gone and the current price is only a tiny fraction of the prices in the middle ages. This was when silver was the most plentiful in the western world ever.
The lowest price for 600 years was actually in 2001!!!!!
Why they have to manipulate silver: For many decades the rate of inflation has been falsified downward. This is because inflation is a hidden tax on paper money so they have an interest to downplay it. The problem is that the inflation rate is a compounding figure because each annual percentage rate is a percentage rate of the new total of the previous year. They try and show you a flat curve and refer the the rate as “stable” but each progressive new year there’s really an ever increasing curve that get steeper as time goes on. In the end they have to progressively cheat the new figure even more which of course pushes the curve even steeper. Eventually it will go parabolic and the bubble system will collapse.
If they didn’t manipulate the price downward the real inflation would be exposed because the PMs are not really moving in value but the bubble money in getting progressively more worthless at a faster rate.
As soon as the perception of say for instance, a Silver one ounce eagle becomes that of a monetary unit. then the true price discovery will start. This is the banksters worse nightmare because it exposes the fact that they have robbed the system blind essentially through deceit and fraud. Then the confidence is gone and the inflation which can now longer be hidden goes to hyperinflation.
They are already printing which means they can never stop printing because it’s all issued as debt so there will never be enough money to ever settle. In history it goes into hyperinflation and the banksters never stop printing because even if it costs a million buck for a loaf of bread it costs less than a loaf of bread for a bankster to type in an account entry on a computer.
In the end it goes to zero which is it’s intrinsic value as is always replaced with a commodity money, usually some sort of gold backing. I can’t find any instances where an unbacked system that collapsed has ever successfully been replaced by another unbacked system no matter how well intentioned or well thought out it was.
The commodity money can restore confidence and enforce prudent discipline. After a while, A very well run token system can be started and run alongside it. The soft currency allows more growth and investment whilst the commodity money guards the fort of a store of value for savers.
Who is Spartacus, the slave that took down an empire? SILVER, that’s who. The fiat empire is becoming very, very unsteady as the people reach for physical.
Hi ho silver away!
only the 1% [winners]got to write the history of Rome … since the 99%[losers] point of view was not considered the process is misinformation at its’ best … so attempting to solve the misinformation of “now” using the misinformation of “then” is only o.k if you consider that no one will ever know how dumb we are, since only [winners] remain in control of historical record.
Practically, it sucks … it was and is a just contrivance, decreed without consensus and morphed into a dumb-ass belief.
The 100% can do far better outside the antiquated monetary belief.
The interesting thing about silver is that all the statistics you read about it in terms of production and availability seem to be more or less the same.
I as an example bought in excess of 1,000 ounces last year, and I’m not a very wealthy person. If just a few hundred thousand people out of the worlds huge population had the same idea… supply could simply not cope with demand.
That’s how rare it is.
Wanting to get my paws on some silver !!! (I am a gold bug) But I do not want to pay 20% tax in the UK.
Is it possible to buy in Germany for 7% tax and import it? Am sure I read something like that somewere.
Would be willing to fly etc.
http://www.geiger-edelmetalle.de/ has 7% vat
there’s a 100k € vat limit in sales to any EU country, these companies can export only 100k of vat laden goods to any one country, once this limit is breached then they can’t sell any more, to that country, I think this is to avoid totally ruining another states Vat gig. I personally used Geiger to the emerald isle and paid 7%, order in sub €5000 batches or else shipping gets messy.
You could also buy pre circulated junk silver bags from the states, think these incur 0% in the UK, get onto customs and excise (email receipt) and get the customs code necessary for shipper to label package so it can bypass being held up by a jobsworth in customs.
Either way coming from sterling there will be a price in currency exchange.
So besides the hostorical cherry picking and wierd sourceing, as well as ignoring the fact that in roman and biblical times pay was often in food, there is two pivotal points in this video that strike me a funny:
1. Gamble like a prizefighter on your luck to beat your opponent, and you save a lot of time (so basically risk and speculate)..
2. Go live in a poor country with a universal means of exchange and you’ll be able to proof how rich you are..
3. Any monetary policy concerning silver that could easily stifle society and did at one time is not taken into account.
I’m not denying silver is a good buy, or money in a very fundamental sense, but it is not essential, or the key, to wealth at all. That key is anything generative (to distinquish from merely productive) and any reliable means to exchange the yield of what is generated, so tasks can be organized and people can be motivated to ‘pay forward’.
Gold is a sapling, silver is an acorn.
@ Gonch Cheers for the link.
Overall idea holds up, but some of the details are way wrong.
Roman soldiers didn’t support families and households on their pay as they typically had neither. They also didn’t typically work 12 hour days nor fight. A typical day for a Roman soldier would be marching 10 miles (not the 20 they were expected to be able to) under some load, at 100 paces per minute followed by settling into a camp that may involve digging in, and some basic chores and training. That’s about 9-10 hours if you work it out.
The most numerous/typical person in the Roman area was a slave farmer. An unpaid slave farmer.
As far as the bible goes. They miscounted the legs on insects as being 4. So from that I extrapolate 50% has to be added to the number of silver coins referenced.
My bet is that the Ceasar’s are spinning in they’re graves right now with how the price of silver is created by the likes of JP Morgan, central banks ,CFTC , et al.
Just think how many empires you could buy today with all that easily affordable silver ! *cough cough *
Seven billion people and one billion oz of silver means that one ounce is silver for 7 people as a wealth asset. If there are 200 trillion dollars of financial assets in the world and you divide by the billion ounces of silver that suggests $200,000 an ounce.
If you divide the world economy by the billion ounces of silver you might have $65,000 to $70,000 an ounce for silver. At todays market price compared to the above numbers one would have to conclude that silver is not only not in a bubble it is also still in a manipulated bear market. Obviously if one wanted cheaper silver one should not have consumed all those billions of ounces of silver in the manufacture of consumer products as it has made real above ground silver bullion rarer than gold and grossly underpriced relative to fiat, the world economy and estimated financial assets.
Beware the ides of March…(stab, stab, stab, straight to the heart of J P Monster)…
Remind me not to post when I’ve had a few…
When it reaches that point, we will also throw people out of jail into rings to fight to the death for entertainment. They will start giving out food for free at football, baseball, and the gladiator fight, and there will be poison in the water (wait a minute there already is) because of the corroding pipes. Roman Empire was barbaric despite being more civilized than its peers. It is 2012. I can’t wait for my “argh, silver ahoy” moneys to develop, but I fear then things will truly be like a crappy Roman day where you have to risk life and limb under non-Union conditions for a dime of silver. Why do intelligent people in 2012 hold nostalgia for a brutal, primitive, disgusting time gone by?
Great video. I was in a bullion store in San Diego and the place was packed. I bought a mere 100 oz bar but while waiting I watched what had to be over $250,000 in transactions . I was only there 20 minutes. Imagine how many places are doing this around the country. The physical demand is huge right now from the public. Mind you, this is the biggest dealer in San Diego, check http://comparesilverprices.com/.com and you will find them, but what I witnessed was amazing. One guy bought 50 AGE’s and you would have thought that he was ordering a coke with large fries.
Stack em while you can!
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