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About Ethek

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Age
38
About Ethek
Biography:
Veteran of a Constitutional Republic
Occupation:
IT Engineer
Political Campaign Skills
Graphics:
Photographer
Computer and Technical:
SQL/Database Expert, Scientists and Engineer, Telecommunication
Transportation:
Driver

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“We have it in our power to begin the world over again.” - Thomas Paine

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Last Activity
02-24-2015 08:18 AM
Join Date
11-09-2007
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Recent Entries

If gold standard were enacted today - what would they value gold at?

by Ethek on 12-13-2010 at 07:09 PM
Quote Originally Posted by Ethek View Post
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

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