The curious case for £615 ($800)silver.

One of the things I like to do is talk.... I can talk all day and sometime, just sometimes, the things I say are worth listening to. So if you have a spare 5 minutes, I really recommend you take the time to read this blog and try to fully understand why me, you, everyone should be stacking silver.

Throughout history GOLD has always been used as a store of value and SILVER has been used as a form of currency.

In fact, in WELSH we only have one word for both money and silver and that is ARIAN. I'm pretty sure several other countries only have one word for money/silver as they've always been synonymous as meaning the samething.

#mindblown

Ok, let's give everyone a little bit of a history lesson. We've all heard of the "ROMANS"?? Those crazy Italians that conquered most of the civilised world 2000+ years ago.

Well let's take a look at a roman soldier for a second:

This guy was the backbone of the roman empire. While smarter men sat in togas, drinking wine and making laws, these men where at the front line. They killed, marched, carried and built all in the name of Rome!! And what did they get in return for a 12 hour back-breaking day??

The silver Denerius was a small coin weighing in approximately 1/10th of an ounce of silver. The Denerius gave the men enough to eat, live and spend a little on "having a good time..." (if you know what I mean)

Let that sink in for a second. 1 days hard labour = 1/10th of an ounce of silver.

Let's skip forward 1900yrs to the time of the industrial revolution. A man, working 14hr days of hard graft would take home 5 shillings a week (5 days).

Can you guess the approximate weight of a shilling?? Could it be around 1/10th of an ounce of silver!!??!!

Let that sink in for a second. 1 days hard labour = 1/10th of an ounce of silver.

Let's skip forward 150yrs to today and let's take your average post university job.... Flipping burgers! This can be any modern job but my point here is this:

Here in the UK the minimum wage for a 21yr old is £8.21. They are only expected to work 7.5hours a day. They get lunch breaks, they get toilet breaks, they get fag breaks and they get discounted meals.

£8.21 X 7.5hours = £61.58

That wasn't too complicated! So if we base that value to what we know, that throughout human history, a day's work equaled 1/10th of an ounce of silver, we can work out that silver should be worth.....

£61.58 X 10 = £615.80 per ounce.

So can someone please explain to me why we are at only £12/oz???

Did someone mention the central banking cartel? Inflation? Fractional reserve lending? Quantative easing? The list goes on, but I'll keep that for another time.

How do you keep the masses controlled? Fear is a massive part of their game. We've been tought to believe a lie. The bigger the lie the easier it is to believe and that's how they get us. It's time to wake up the people. The only way to win the game is to not play. Stack silver and gold and you'll never be poor.

This was a public service announcement by @welshstacker