So, this is some fluff I found. Historically the silver-to-gold ratio is around 18:1, give or take minor variation.
But now Australia, Canada, US, China, Russia, Britain, are 50:1, if you look at the obverse of these government bullion coins.
But Austria's Philharmonics are 66.6:1. Isn't that unique?
The ASE has a $1 stamped on it. The American Gold Eagle has a $50 stamped on it. A Silver Philharmonic has a 1,5 stamped on it. A Gold Philharmonic has a 1,000 stamped on it.
I wasn't talking about the actual ratio, the actual price, I was talking about the stamps on the fucking coins. I noticed hard asset philharmonic STAMP had a different 'ratio' of value when comparing the silver to the gold version.
*correction, 100 euro stamp. The gold American, China, Russia etc coins have 50 stamped on it, the Philharmonic has 100 stamped on it, i typed 1000
Good gravy, the prices. You never know with our economy right now, but I'd place my bets on an error.
Sure, I don't think those values mean much at all, either. It obviously doesn't influence prices now; you and I both lurk/purchase the hard assets and we can tell it doesn't mean anything.
And I don't want to get stuck up on what a silver/gold ounce would equate to in fiat, and I am on the fence about a fixed ratio; I don't have any passionate feelings one way or another about it.
Like you said, it's all about the weight.
What I found interesting was the difference in that stamp ratio between the countries' coins. Who at the mint said "Hey, let's stamp this with a 50" and another says "Nah, Let's stamp this with a 100."
Is there a process in this determination, or are they pulling numbers out of a hat? I find deviations in coinage (Like Pandas being 30g and not troy, or philharmonics with 66.6:1 on the silver vs. gold coin) to be unique and interesting. Imagining the reasons behind it and what conversations led to the decision to be different.
Hi there. I might have spoken to you before at some point; I find your posts fascinating, but I haven't read all of them.
I am wary of being caught up on a ratio, or on a fiat value, though if there's a reset, I recognize a value could be determined at that point. Lots of variables. Though I imagine anticipating a future outcome accurately would be priceless.
At this point my strategy is 'get as much weight in ag/au as I can without going delinquent on bills' everything else is fluff (at least for me it is.) But still, I like talking about those things because I find it very interesting.
Do you have any gold/silver target goals, or are you waiting for the polymer? I know some folks are going in on crypto. I really don't like the idea of a government crypto, I know a lot of people like it but I don't.
I agree there exists a systemic dysfunction in our society that can be traced back to fiat currency.
Though I would like us to get back to some form of our constitutional money, that might put us at a disadvantage if other countries weren't doing the same. Besides, we still have to have an electronic version of our units of money to stay competitive online, maybe that's where Crypto would come in.
But as long as I have some ag/au as a backup when the house of cards tumble before something else is ushered in, then it would have served its purpose. My primary goal is buying ag/au is to not lose my house during any economic downtime.
I'm not making PM purchases with the intention of turning a profit; stocks would do better in that regard.
I consider PMs as a form savings right now. But the value of currency is intimately tied to its rarity, and you can't have a rarity if you have a constantly running printing press, hence my confidence in an economic reset. For all our sake, I hope it isn't severe.