Ethek

Originally Posted by Ethek

Some reports have stated that 1oz of gold could be exchange for approximately one (1) year median salary around 1903. Today in the US the median salary is somewhere between 50 and 55k per year. Therefore 1oz of gold has a precedent of being valued at $50,000 dollars an ounce. 1 oz of Silver historically trades anywhere from 16 to 1 to 12 to 1 ration to the value of gold. In times of high demand that ratio could conceivably compress to almost 8 to 1.

In a blowoff phase of the coming correction those numbers might actually be 20-50% conservative. These are todays values, not accounting for any coming hyper inflation.

Copper will be the new money as it will be the only commodity readily avaliable enough to circulate as currency. However gold and silver will still be currency.