Silver Maple Leaf coins can be purchased for about $3 over the value of the silver metal they contain. You can find the current "spot price" of a troy ounce of silver by visiting any financial website. At the time of this comment, spot price is $37, so you could probably buy a Silver Maple Leaf at a good coin shop or online dealer for about $40.
Yes drutter, you are correct, somewhat. You are talking about only inflation adjusted. But if we account fo the ETF's, the increase in demand, and the drop in supply (we ar down to nothing) we get about $10,000+
wow I hope silver doesn't go up to fast, then we can't buy as much, or none. The maple leaf is a great coin! Not sure what is the more prestige coin, the maple leaf or the American Eagle? The metal is all we should worry about , but if you can afford some coins than go for it. Buy Silver now, while you have the chance! 2015 and beyond will be outrageous for silver! After than I suspect massive recycling going on, but that wont make much of a difference.
The whole point of this video is that silver has been worth $1047 an ounce AFTER adjusting for inflation. So, no, bread wouldn't be $185 a loaf, it would be whatever it is today. That's the entire point of this vid. :)
I find it funny that english is one of the languages that has two words for money; 'silver' and 'money'.
Fun Fact and kind of ironic too: Our symbol for money, or what we call money (which really isn't), $, actually comes from a silver coin, the spanish 8 reale, or more popularly know as 'piece of eight'. It's reverse has two pillars on either side with a banner snaked around it in an 'S' shape to give the image of a line through the letter S
@Negativerything my understanding of how the USA "dollar sign" evolved is as follows. In the old days the symbol for U.S. money was the letter "U" with the letter "S" drawn right over it. Eventually, people just stopped making the bottom bend in the "U" and just drew the two lines. Try drawing this on paper....makes sense
Thanks for the info drutter. How much do you know about Maria Theresa Silver Talers? I can get them for about 15-16 USD each (for the year 1780) and I know there about 0.75 troy ounce of silver. Lately I've been buying Canadian silver maples, and silver dollars.
I've never owned one, but if you can get 3/4 troy oz for $15, why not? You're only paying $20/oz which is quite good when spot is $17 and you're getting some numismatic value on top of it. Buy 'em and hold 'em I'd say.
Quick research shows they're one of the most common silver coins ever made, and that all mintings use the date 1780, so if yours say 1780, they may have been minted very recently.
Nice question! Austria has the philharmonic 1oz silver bullion coin.
Also, remember that some round metal things aren't coins. Some are simply metal "rounds". If you're talking about rounds, there are thousands of different types, from many countries. But if you're talking about government minted 1oz silver COINS, the list is very small - just a few countries.
Something to remember about that silver chart - countries were removing silver from their coin circulation and selling off their huge silver reserves (1921, 1947, 1965 etc), which flooded the market with silver, and pushed the price right down. Silver is only so cheap now because of that once in an epoch event.
Yes, good point. Most of that silver was used in industry and isn't available anymore, at least not in large blocks of fine bullion! And you're right, that was a one-time event. Thanks for commenting.
I read somewhere at the silver forums that Judas sold Jesus out for like 30-40 pieces of silver. And that in medieval times you can buy a slave for 30 ounces of silver.
So I told my Dad that if I had 30 pieces of silver in those times, I'm be a "free" person. So make sure you take your silver if you ever go time traveling haha.
I can believe it. Have you ever seen the size of 'hammerd' coinage of yesteryear. Many of the coins were about the size of your little fingernail! Weighing tenths of grammes!
I have to wonder where the data for that graph came from - The $1047 value immediately strikes me as... well, false.
English pennies around that time were made of silver and the purchasing power of those pennies was certainly nowhere near this.
To work it out, a pennyweight at the time was around 1.3-1.5g of pure silver (say roughly 22 pennies for every ounce of silver) and a quick google for the purchasing power of 22 pennies in 1477 puts it at ~£52 (~US$78.50) in today's money.
Yes, yes, yes! All that silver that used to be in coins, because it was money, was taken out and sold by the central banks. All of them. So we've had a glut of silver on the market since then, even though only 8 ounces of silver comes out of the ground for every ounce of gold.
If they dumped their gold reserves instead of silver, gold would be at $50.
Unfortunately, I'm convinced that the numbers on this chart is either miscalculated or fabricated. It's definitely wrong.
Whilst searching for a data source I found that this is the 2nd version of the graph - it originally ended at 1998 but it had the same inflation-adjusted peak as the current graph?
BTW, better inflation calculator: measuringworth. org - it has defined methodology, goes all the way back to the 13th century and includes historic gold prices/ratios as well.
cool vid.....i took my boys gemming in nc about 3 years ago....we had a blast.....found all kinds of stuff....but no gold..........good luck on them 'maters.....
The whole point of the video is that inflation has been taken out of the equation. Silver has been worth $1047 in the past, and could again tomorrow, WITHOUT any inflation being taken into account. :)
It's just an offer, you don't have to if you don't want to. :p
Got those gold flecks up in central BC about 20 years ago (gold was about $370 then, as you know). I paid $5 for the equipment rental and the right to use their riverbank. That amount took me about an hour. So no matter how you look at it, it wasn't a good investment money-wise, but I learned something and it was a great experience.
The gold line or ratio is showing a head and shoulders price which could bring the ratio back to its level of 15-20. It was brought up to me after I had made that video. I was looking at the charts on Friday and i recorded on Friday with the plan of uploading Saturday, which I did.
Interesting how I was linked to the chart I was starring all day. Nice video :)
That chart is amazing - I have seen it from time to time over the last few year, but I have never seen who compiled it or where they got the historical silver prices. Any ideas? I'm going to see if I can find some more info on it. It really does give an amazing perspective.
Why exactly are you soaking all of your seeds? Really, why are you soaking any seeds? Typically you just plant the seeds directly. They become moist in the dampened soil.
No I didn't. Derek hasn't approved the video response. It's watch?v=LmOhdT7JEUU.
I'm soaking them because I wanted to see if they'd germinate. I accidentally hurt them in the drying process last fall and didn't want to plant them and potentially waste a lot of time and little cups. They survived. :)
I just thought you were going to post a link to his vid. Not sure why you'd need approval. *shrug*
To test germination rates, I believe you can just soak 10 seeds (or dampen a paper towel with the 10 seeds on them, then set them in the dark). Soaking the entire container seems crackers. lol Plus, it will stress out the roots unnecessarily when you go to transplant them into containers. It's already bad enough transplanting when you go to take them outdoors, doing it when they are seedlings ...!
It's a video response, and the person you're responding to has to approve it, unless they change their YT settings to auto-allow responses. And the link hasn't shown up yet even though he's accepted the response - I think it takes a bit for YT to get their act together.
Thanks for the warning on the roots. I'm going to put them into some fluffy moist soil very soon, before the roots have a chance to get too long and fragile. Right now they're just white nubs.
I get the video response thing, just didn't get not posting a link in the sidebar. I didn't think you needed approval for that, only for your vid to appear as a response to his. Nevermind. lol
One of the top rules of gardening is to never disturb the roots more than you have to. Also, it's a waste of seeds to soak/plant that many. You won't have enough room, or if you do, they'll compete with each other, grow leggy and share any pests/diseases (or attract pests). Besides, you can propagate...
(con't) using only one or two plants to get several. If you lay a stem on the ground (let droop), it will sprout roots and become a separate plant. Also, you can take cuttings and dip the ends in rooting hormone and plant the cutting to become a separate plant too. (I've even heard of success with not even using rooting hormone, just planting the cutting alone.)
tomatoes are pretty sturdy....as you probably already know once they start growing you can keep mounding soil up around the stem....any part of the stem that is under soil will produce roots.....they can be planted in an indentation and you can keep filling in for a while...kind of like potatoes....i don't worry too much about leggy tomatoes...:-)....we gardeners all have our opinions.....
True, you can mound dirt around the stem(s), but then you really have an issue of 1) forming a mountain of dirt (lol) -that can really only get so high, and 2) the problem of supporting the producing stems. If the stems get really lanky they'll be a pain to deal with in terms of support. : /
I've planted them close together in the past and by far the worst problem I've had were pests. -And they traveled between them all so you might get one plant better but then the others would reinfect.
no...no mound of dirt.....start in a "hole" and mound up as it grows....or if in a container...start with it partially full and fill as it grows.... hope dr utter doesn't mind us arguing tomatoes in his comments......:-)..... oh those rowdy gardeners
also, catch a fish, put it in the bottom of the final planting site and put your tomato plant on top of it. It's a great natural fertilzer. Keep the cats out of the garden though:)
yep....an oldie but goodie....have never done it myself... one guy made a vid...he does buckets on the patio and alternates dirt and vegi scraps as it grows... he evidently had great success last year....
Starting in a hole could work for some areas, but I don't think it could in mine -at least not anymore. The last ten years or so we get "rainy season" around May/June and that hole would be flooded and make the roots way too wet. Thanks for the tip on container growing. I have the opposite problem with containers though -they always get too dry and I end up babysitting them to keep them moist enough.
yes....you are right on both counts....having raised beds helps with the first problem.....for containers the crystals that hold moisture work great....but do add cost and in a shtf scenario would probably not be practical....lets face it...gardening is a challenge no matter how you slice it.......:-)
$1047 will only be reached if there is a currency collapse. Silver will never have an unmanipulated value until private central banking ends.
derfowvayer 2 months ago
$806 x 2.5 times the money supply since 1998 = $2015 / ounce of silver
nlucctw2 2 months ago
cool do you know any websites?
ALPHATHEAWESOME 8 months ago
@ALPHATHEAWESOME
Americans seem to like Apmex quite a bit.
drutter 8 months ago
@ALPHATHEAWESOME i use scottsdalesilver there is provident metals too and gainsvillecoins etc
masterpatric07 6 months ago
how much did your maple leaf coin cost? could you please tell me in USD thanks
ALPHATHEAWESOME 8 months ago
@ALPHATHEAWESOME
Silver Maple Leaf coins can be purchased for about $3 over the value of the silver metal they contain. You can find the current "spot price" of a troy ounce of silver by visiting any financial website. At the time of this comment, spot price is $37, so you could probably buy a Silver Maple Leaf at a good coin shop or online dealer for about $40.
drutter 8 months ago
Actually ... it does not matter how much currency value to the precious metal.
urkingod 10 months ago
lol please rape my video? better change that pronto.
kanakalono 10 months ago
that would be cool i could aford to buy the girle from fridaynight prank and fher
vorkev1 1 year ago
I would have sold my silver well before it hit 1k if the government stops increasing the monetary base...but they wont.
JimbobOMG 1 year ago
point is 650 years ago we probably mined 100 tons of silver and now we may be doing 100 000 tons
extinction is a bunk, easy silver will go
we can get more silver but it will cost more!
madhuradi 1 year ago
"Silver and money mean the same thing." I couldn't agree more.
SilverZealot10 1 year ago
Yes drutter, you are correct, somewhat. You are talking about only inflation adjusted. But if we account fo the ETF's, the increase in demand, and the drop in supply (we ar down to nothing) we get about $10,000+
lXlRIVERlXl 1 year ago
wow I hope silver doesn't go up to fast, then we can't buy as much, or none. The maple leaf is a great coin! Not sure what is the more prestige coin, the maple leaf or the American Eagle? The metal is all we should worry about , but if you can afford some coins than go for it. Buy Silver now, while you have the chance! 2015 and beyond will be outrageous for silver! After than I suspect massive recycling going on, but that wont make much of a difference.
Arginine88 1 year ago
Only problem if silver hit 1047 an ounce than bread would be 185 dollars a loaf.
Tronman63 1 year ago
@Tronman63
The whole point of this video is that silver has been worth $1047 an ounce AFTER adjusting for inflation. So, no, bread wouldn't be $185 a loaf, it would be whatever it is today. That's the entire point of this vid. :)
drutter 1 year ago 8
I find it funny that english is one of the languages that has two words for money; 'silver' and 'money'.
Fun Fact and kind of ironic too: Our symbol for money, or what we call money (which really isn't), $, actually comes from a silver coin, the spanish 8 reale, or more popularly know as 'piece of eight'. It's reverse has two pillars on either side with a banner snaked around it in an 'S' shape to give the image of a line through the letter S
Negativerything 1 year ago 2
@Negativerything my understanding of how the USA "dollar sign" evolved is as follows. In the old days the symbol for U.S. money was the letter "U" with the letter "S" drawn right over it. Eventually, people just stopped making the bottom bend in the "U" and just drew the two lines. Try drawing this on paper....makes sense
inkey2 1 year ago
Interesting stuff.
desheik 1 year ago
Thanks for the info drutter. How much do you know about Maria Theresa Silver Talers? I can get them for about 15-16 USD each (for the year 1780) and I know there about 0.75 troy ounce of silver. Lately I've been buying Canadian silver maples, and silver dollars.
HitomiKagewaki 2 years ago
@HitomiKagewaki
I've never owned one, but if you can get 3/4 troy oz for $15, why not? You're only paying $20/oz which is quite good when spot is $17 and you're getting some numismatic value on top of it. Buy 'em and hold 'em I'd say.
Quick research shows they're one of the most common silver coins ever made, and that all mintings use the date 1780, so if yours say 1780, they may have been minted very recently.
drutter 2 years ago
Besides Canada, Mexico, US, Britain, China, and Australia do any other countries have silver bullion coins?
HitomiKagewaki 2 years ago
@HitomiKagewaki
Nice question! Austria has the philharmonic 1oz silver bullion coin.
Also, remember that some round metal things aren't coins. Some are simply metal "rounds". If you're talking about rounds, there are thousands of different types, from many countries. But if you're talking about government minted 1oz silver COINS, the list is very small - just a few countries.
drutter 2 years ago
@originalmetalchik
Hmmmm, I forget the name of it. Some private gold-panning family business type thing in central BC, about 20+ years ago.
drutter 2 years ago
I can't stop playing with that damn inflation calculator.
lol.
BackBurnerNews 2 years ago
Cool stuff there!
Airave 2 years ago
Hmm. those seeds may be more valuable thans silver lol
charlesfuchs 2 years ago
Yes, in Spanish: la plata. Means money, AND silver.
whiskerchild 2 years ago 2
@whiskerchild
Nice, didn't know that one. Spanish and French.... that's 1/4 of the world right there.
drutter 2 years ago
Wow, great informative vid! Thanks for the info!
veritasfiles 2 years ago
like the calculator link
gold is gold:o)
GuildF40 2 years ago
please "rape" my video! Uh, uh
think I'll it rate instead
Lexi8888 2 years ago
@Lexi8888
Not both?
drutter 2 years ago
I'm glad I stopped in. Great links, and I enjoyed seeing the gold AND the garnets which you panned. I never saw panned gold before. Thanks. :-)
nameofthepen 2 years ago
"Rape my vid"?
O.o
0muffins0 2 years ago
Something to remember about that silver chart - countries were removing silver from their coin circulation and selling off their huge silver reserves (1921, 1947, 1965 etc), which flooded the market with silver, and pushed the price right down. Silver is only so cheap now because of that once in an epoch event.
0muffins0 2 years ago
@0muffins0
Yes, good point. Most of that silver was used in industry and isn't available anymore, at least not in large blocks of fine bullion! And you're right, that was a one-time event. Thanks for commenting.
drutter 2 years ago
Cool video. Silver, gold flakes, and tomato seeds.
mcgrawtim123 2 years ago
wow. gold seeds !! see if you can get them to germinate .. :o)
65nom 2 years ago 2
I read somewhere at the silver forums that Judas sold Jesus out for like 30-40 pieces of silver. And that in medieval times you can buy a slave for 30 ounces of silver.
So I told my Dad that if I had 30 pieces of silver in those times, I'm be a "free" person. So make sure you take your silver if you ever go time traveling haha.
starfish00000 2 years ago
@starfish00000
Yeah according to the bible, Jesus was sold by his followers for 30 pieces of silver.
Hmmm, too bad the inflation calculator doesn't allow for calculations back that far...
drutter 2 years ago
There are silver forums? Where about?
:)
0muffins0 2 years ago
@0muffins0
I hang out at the Kitco silver forum. People talk about silver all day long and all night long there hahaha. Well, they have a gold forum there too.
starfish00000 2 years ago
@starfish00000 Thankyou for the pointer! I never realised they had forums too.
0muffins0 2 years ago
I can believe it. Have you ever seen the size of 'hammerd' coinage of yesteryear. Many of the coins were about the size of your little fingernail! Weighing tenths of grammes!
CelticReject 2 years ago 2
I have to wonder where the data for that graph came from - The $1047 value immediately strikes me as... well, false.
English pennies around that time were made of silver and the purchasing power of those pennies was certainly nowhere near this.
To work it out, a pennyweight at the time was around 1.3-1.5g of pure silver (say roughly 22 pennies for every ounce of silver) and a quick google for the purchasing power of 22 pennies in 1477 puts it at ~£52 (~US$78.50) in today's money.
jadcott 2 years ago
@jadcott
Good point. ='[.]'=
Raycheetah 2 years ago
@jadcott
Yeah, I'd like to see the data and how the graph was calculated.
Either way, the point remains: many believe silver is at all time highs, and really it's near all time LOWS.
drutter 2 years ago
Yes, yes, yes! All that silver that used to be in coins, because it was money, was taken out and sold by the central banks. All of them. So we've had a glut of silver on the market since then, even though only 8 ounces of silver comes out of the ground for every ounce of gold.
If they dumped their gold reserves instead of silver, gold would be at $50.
0muffins0 2 years ago
Addendum:
Unfortunately, I'm convinced that the numbers on this chart is either miscalculated or fabricated. It's definitely wrong.
Whilst searching for a data source I found that this is the 2nd version of the graph - it originally ended at 1998 but it had the same inflation-adjusted peak as the current graph?
BTW, better inflation calculator: measuringworth. org - it has defined methodology, goes all the way back to the 13th century and includes historic gold prices/ratios as well.
jadcott 2 years ago
@jadcott
Maybe the host needs to be contacted about the erroneous and/or fraudulent chart they're using to help sell their product then!
Thanks for the inflation calculator link :)
drutter 2 years ago
some garden videos :)
soon the summer will be here
RainstormGB 2 years ago
cool vid.....i took my boys gemming in nc about 3 years ago....we had a blast.....found all kinds of stuff....but no gold..........good luck on them 'maters.....
skybirdbird 2 years ago
Silver at $1000/oz would only happen if there was hyperinflation.
JOConnor100 2 years ago
Exactly. LOL
AgrippasNotebook3336 2 years ago
@JOConnor100
Is that how it got to $1000 in 1477?
The whole point of the video is that inflation has been taken out of the equation. Silver has been worth $1047 in the past, and could again tomorrow, WITHOUT any inflation being taken into account. :)
drutter 2 years ago
You are asking us to rape your video!
Cool to see those gold flecks... how much time did it take you to get those?
silverfuturist 2 years ago
@silverfuturist
It's just an offer, you don't have to if you don't want to. :p
Got those gold flecks up in central BC about 20 years ago (gold was about $370 then, as you know). I paid $5 for the equipment rental and the right to use their riverbank. That amount took me about an hour. So no matter how you look at it, it wasn't a good investment money-wise, but I learned something and it was a great experience.
drutter 2 years ago
thanks for the response.
The gold line or ratio is showing a head and shoulders price which could bring the ratio back to its level of 15-20. It was brought up to me after I had made that video. I was looking at the charts on Friday and i recorded on Friday with the plan of uploading Saturday, which I did.
Interesting how I was linked to the chart I was starring all day. Nice video :)
endlessmountain 2 years ago
@endlessmountain
Co-creation? :)
Thanks for approving my response!
drutter 2 years ago
That chart is amazing - I have seen it from time to time over the last few year, but I have never seen who compiled it or where they got the historical silver prices. Any ideas? I'm going to see if I can find some more info on it. It really does give an amazing perspective.
artdeco101010 2 years ago
You forgot the link to the endlessmountain vid.
Why exactly are you soaking all of your seeds? Really, why are you soaking any seeds? Typically you just plant the seeds directly. They become moist in the dampened soil.
AgrippasNotebook3336 2 years ago
@AgrippasNotebook3336
No I didn't. Derek hasn't approved the video response. It's watch?v=LmOhdT7JEUU.
I'm soaking them because I wanted to see if they'd germinate. I accidentally hurt them in the drying process last fall and didn't want to plant them and potentially waste a lot of time and little cups. They survived. :)
drutter 2 years ago
I just thought you were going to post a link to his vid. Not sure why you'd need approval. *shrug*
To test germination rates, I believe you can just soak 10 seeds (or dampen a paper towel with the 10 seeds on them, then set them in the dark). Soaking the entire container seems crackers. lol Plus, it will stress out the roots unnecessarily when you go to transplant them into containers. It's already bad enough transplanting when you go to take them outdoors, doing it when they are seedlings ...!
AgrippasNotebook3336 2 years ago
@AgrippasNotebook3336
It's a video response, and the person you're responding to has to approve it, unless they change their YT settings to auto-allow responses. And the link hasn't shown up yet even though he's accepted the response - I think it takes a bit for YT to get their act together.
Thanks for the warning on the roots. I'm going to put them into some fluffy moist soil very soon, before the roots have a chance to get too long and fragile. Right now they're just white nubs.
drutter 2 years ago
I get the video response thing, just didn't get not posting a link in the sidebar. I didn't think you needed approval for that, only for your vid to appear as a response to his. Nevermind. lol
One of the top rules of gardening is to never disturb the roots more than you have to. Also, it's a waste of seeds to soak/plant that many. You won't have enough room, or if you do, they'll compete with each other, grow leggy and share any pests/diseases (or attract pests). Besides, you can propagate...
AgrippasNotebook3336 2 years ago
(con't) using only one or two plants to get several. If you lay a stem on the ground (let droop), it will sprout roots and become a separate plant. Also, you can take cuttings and dip the ends in rooting hormone and plant the cutting to become a separate plant too. (I've even heard of success with not even using rooting hormone, just planting the cutting alone.)
I've gone over my reply coupons. :(
AgrippasNotebook3336 2 years ago
tomatoes are pretty sturdy....as you probably already know once they start growing you can keep mounding soil up around the stem....any part of the stem that is under soil will produce roots.....they can be planted in an indentation and you can keep filling in for a while...kind of like potatoes....i don't worry too much about leggy tomatoes...:-)....we gardeners all have our opinions.....
skybirdbird 2 years ago 2
True, you can mound dirt around the stem(s), but then you really have an issue of 1) forming a mountain of dirt (lol) -that can really only get so high, and 2) the problem of supporting the producing stems. If the stems get really lanky they'll be a pain to deal with in terms of support. : /
I've planted them close together in the past and by far the worst problem I've had were pests. -And they traveled between them all so you might get one plant better but then the others would reinfect.
AgrippasNotebook3336 2 years ago
i agree they should not be crowded....
no...no mound of dirt.....start in a "hole" and mound up as it grows....or if in a container...start with it partially full and fill as it grows.... hope dr utter doesn't mind us arguing tomatoes in his comments......:-)..... oh those rowdy gardeners
skybirdbird 2 years ago
@skybirdbird teach it Erica~!
also, catch a fish, put it in the bottom of the final planting site and put your tomato plant on top of it. It's a great natural fertilzer. Keep the cats out of the garden though:)
fatpius 2 years ago
yep....an oldie but goodie....have never done it myself... one guy made a vid...he does buckets on the patio and alternates dirt and vegi scraps as it grows... he evidently had great success last year....
skybirdbird 2 years ago
Starting in a hole could work for some areas, but I don't think it could in mine -at least not anymore. The last ten years or so we get "rainy season" around May/June and that hole would be flooded and make the roots way too wet. Thanks for the tip on container growing. I have the opposite problem with containers though -they always get too dry and I end up babysitting them to keep them moist enough.
AgrippasNotebook3336 2 years ago
yes....you are right on both counts....having raised beds helps with the first problem.....for containers the crystals that hold moisture work great....but do add cost and in a shtf scenario would probably not be practical....lets face it...gardening is a challenge no matter how you slice it.......:-)
skybirdbird 2 years ago