This is a good simple easy to understand demostration of the loss of purchasing power the fiat currency (paper money backed by nothing issued by government) has when compared against silver.
Direct link to the Au and Ag chat:
http://www.paltalk.com/g2/group/1344446353
IN the peak it will be 1/10 of an ounce
Mongodelight 2 months ago
Makes a great deal of sense, but then again paper money is only paper and worth nothing in the face of a crisis... Did I just say that, Mmm! We're in a crisis aren't we? :D
fluoridekid 2 months ago
nov 2011 only 3 ounces
fedism 4 months ago
I really like this analogy, it really explains to me how it works visually.
SilverMapleLeafs 7 months ago
wish i would have opened my eyes earlier i just purchased 40oz if silver a couple of days ago for $2000 and 4oz of gold at $1506 each oz... im trying to wake people up but theyre so blind, they think currency is money... good video though.
1370rivera 10 months ago
Fuck just show me a graph
dynomike1964 10 months ago
As of the time of this writing, April 19th, 2011 $100.00 USD will buy only TWO ounces of silver. I didn't get 'in' at the $20 range, but I stil view the physical metal as cheap with current manipulation. Riding the wave & acquiring as much physical as possible in 2011.
WACWichita 10 months ago
Dude you could have bought 3 more ounces with that piece of toilet paper you just ripped in half ;)
331446757 11 months ago
I like the sound of coins being stack!
bxvideony 1 year ago
depressing....
primoleone 1 year ago