Silver and Gold, 220725
I generally post about Bitcoin here, but on Facebook I regulaly share the price of Silver and Gold. Since these are interesting times, it's important to keep paying attention to the signs of the day.
Silver
Silver is $39.22 USD,
$53.27 CAD thismorning, 220725
https://www.kitco.com/charts/silver
Gold
Gold is $3428.60 USD,
$4665.43 CAD thismorning, 220725
https://www.kitco.com/charts/gold
"Gold is money. Everything else is credit."
-- JP Morgan to Congress, 1912
Gold Silver Ratio: 87.5 to 1
Historical Gold Silver Ratios rose to 126 in March 2020, and fell to 62 in January 2021
Before that we have 31 in April 2011, 105 in February 1991, and 44 in April 1987
https://goldprice.org/gold-silver-ratio.html
Silver in the hand is worth a Barrel of cash, when the fiat game ends. The intrinsic value of all currency is the paper it is printed on, burnt for warmth or used as wallpaper.
Or in our case, Polymer notes. Hahahaa
'The Bank of Canada made the decision to issue polymer banknotes, with the first introduced in 2011. The Bank’s Governors during this period were Mark Carney (2008–2013), followed by Stephen Poloz.'* 'The transition began in September 2016 with the polymer £5 note. Mark Carney was Governor of the Bank of England from July 2013 to March 2020, overseeing much of the planning and the initial rollout of the polymer notes'*
"If people wont accept your currency for goods and services, its only worth the cotton paper or polymer now its printed on." - Mark Carney, July 21 2021 [Damien Hirst and former governor of the Bank of England, Mark Carney, sat down to discuss 'The Currency’, NFTs, money, gold and Karl Marx.]
Mr. Carney said it right. That's why in the @fat-elvis house, Bitcoin is the investment and gold is the Armour. Always hold gold.
We can't even burn our own plastic notes.
The old paper/linen notes don't burn that well anyway.
!PIZZA
:) Wanna start a wallpaper business?
Might be a clever idea, repurposing reusable shopping bags and polymer notes. !PIZZA !ALIVE
Silver is another way i try and beat inflation, and that shit gets pretty heavy when you have enough of it.
!PIMP
!LOLZ
!ALIVE
Plus it's shiny! !PIZZA !ALIVE
Little birdie told me Silver per Gold comes out of the ground around 7.5 to 1. Yet, here we are pretending it's 87 to 1? So interesting.
I can get only half the silver I could a year ago for the same price, I wonder in another year how much the gap will close, and how high gold will rise when it does. Every week I will try to buy another oz, $57 one cost last week! And that was a dated maple, slightly cheaper carry price. I wonder if Silver will rise from $60 to $120 in 2026? That would be something interesting.
$PIZZA slices delivered:
darkflame tipped photonium
@darkflame(4/15) tipped @mirroredspork
Come get MOONed!