In this report I talk about the silver price and how undervalued it is relative to the gold price. I look also at the pre decimalised British coinage system.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
This post has been ranked within the top 80 most undervalued posts in the second half of Jan 05. We estimate that this post is undervalued by $5.45 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 05 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's very interesting video!
Gtreat job , I follow you now :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks @djsonic
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
US coinage (> dime denomination) was 90% silver until 1964. Given the "war on cash" I don't believe anyone would regret owing these coins by the bag, which are still available from dealers at a small premium to spot price. You can store a large quantity in a small safe. The US and Canadian mints also sell 500 oz. "Monster Boxes" of Eagles and Maple Leafs, for large purchasers. Great for peace of mind...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Enjoy your posts. I am a Silver bull more so than Gold; however, you suggest that Silver is undervalued - I assume in the context of Gold. Value, apart from being in the eye of the beholder, in a truly free market is a demand / supply equation. Thus if Gold demand / supply stays the same but a new use (Refer Jan 17 ALTA Report on new electrics) is found for Silver (with possibly little change in Supply) then Silver should increase in value against Gold.
Sovereign / Half Crown comparisons are interesting but there is much more to the equation. One Pound Sterling was equal to one pound (physical weight) of Sterling Silver (92.5% pure (as you mentioned); however, the half crown should have been 2 ounces in weight (being 1/8th of a pound) yet it is only 0.45 oz. So the Crown (meaning King George) effectively stole money from commoners in 1918 by only minting a coin that was closer in value (compared to the Pound) to a Shilling.
Notwithstanding, after having regard to the Silver price GBP 13.44 / oz your purchase melt value was only about one GBP 1 over the Silver spot per ounce, which is pretty good for a coin (as compared to bullion).
Look forward to your next post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit