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Silverstackeruk, good exercise. Educational and Interesting. However, realistically, I think the stack of silver, would be around 3 ounces. Silver reserve divided by world population. Or about, 19.5 billion troy oz silver divided by 7.3 billion people = 2.7 oz per person. (usdebtclock.org)
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Thanks for that great information. I always find it so alarmiong when i check this site, how much debt and the steer amount of it also.
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No more bitcoin or Steemdollars? ;)
I think the problem is the shortage of silver... Or the high value it would get (and how tiny would a piece of silver be if you have a coin, worth 1ct?) Same with gold.
Strange thing, if you think about it; the value we give a piece of paper or a slice of metal. Thanks for bringing this up!
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Your correct about not being enough to go around. I heard somewhere recently that if each of the 7 billion people on earth had an equal share of all the silver, each person would have a 1/10th of an oz. Thanks for the great comment :)
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This post received a 2.5% upvote from @randowhale thanks to @silverstackeruk! For more information, click here!
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I think it would be interesting but there is always changing value so one week you paycheck could be lower the the next and imagine going out to eat and the bill coming to 30 silver dollars or more you would have to have reinforced pockets lol
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But the value would not change, why would it change? Currency changes its value, you think it costs more but the currency is worth less. Inflation would be no more. I think so anyway.
As far as carrying silver around, it would not be so bad. I weighed my wallet and it come to 168 grams which is around 5.4 troy ozs. This is £71ish, i could squeeze a meal for that :) That was just out of interest. I would not desire to walk around with lumpy metal in my pockets.
You get my 1st ever 100% upvote worth 4 whole cents :D
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I am a stacker I believe in having silver and gold including fractionals but I think the economic black hole would be lack of a centralized currency
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I love this video. Thanks for sharing it. Our time and effort is worth something. More than an electronic blip on a computer.
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Hear !!! Hear !!!, that is a very good way to think about it. Thanks for commenting.
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low value coins should be removed and all prices rounded, they are nightmare to make and count...
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I think a 5penny 5 cent as a min value would be fine Whats a penny worth? not as much as the copper its made from, haha.
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What is your problem??!?!
How do you expect our benevolent "betters" in the Government to spend more than they have if they do not have the power to steal our wealth through inflation??? C'mon man! Get with the program! 😄
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Shhhh, its a secret. Please replace your post with this !!!!
haha
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In 1963, the Federal Minimum Wage was raised to $1.25. Remember this was the minimum wage. Based upon a 40 hour work week that is $50.00 dollars a week or $200.00 dollars a month. In 1963, Americans were paid in silver!!!!! $200.00 dollars was roughly 144.68 Troy Ounces of silver per month, and that was Minimum wage!!!!!! In terms of current prices that is roughly $2452.30 federal reserve notes, for minimum wage!!!! Today minimum wage is $7.25 or $1160.00 per month. Americans receive less than half the amount being earned in 1963 for minimum wage!!!!! Crazy!!!
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Fantastic comment. Really great information there buddy, thank you
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I have mixed feelings... I'd love to be paid in silver (wink wink to any stackers that need an odd job done) but conversely I'd hate to spend any silver on anything. I prefer fiat for that because it's trash. But even a gram of silver for some toilet paper or a stick of butter or a candy bar or something would give me pause. Call me selfish but I'm not ready to give it up! That being said I do believe trading in silver would do wonders to stabilize world markets! I can definitely see all the good it could do replacing the debt driven vehicle of the central banks! Great post as per usual 👍
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Getting paid in silver would be strange, i dont think i would swap silver for candy. My dentist would be happier. Thanks for the comment and resteem buddy.
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I think the only way we'll see trading in physical silver, is when the bottom finally falls out and it's the only thing left with any actual value.
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Upvoted you friend :)
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This post has received a Bellyrub and 3.62 % upvote from @bellyrub thanks to: @silverstackeruk. Send SBD to @bellyrub with a post link in the memo field to bid on the next vote, every 2.4 hours. Be sure to vote for my Pops, @zeartul, as Steem Witness Hope you enjoyed your bellyrub!
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