New Gold Standard?

[aztecstargazer]

I ounce of Gold for 1 acre of land. Internationally? 

[aztecstargazer]

1 ounce of silver of 1 day's worth of water/ to live.

[sixgun]

12 minutes ago, aztecstargazer said:

1 ounce of silver of 1 day's worth of water/ to live.

Too little for silver. The effort needed and the rarity make the value much higher. That it is price so lowly these days is a recent aberration.

http://commodityhq.com/education/a-brief-2000-year-history-of-silver-prices/

' Going back to ancient Babylon, we know that workers earned the equivalent of about 2.1 grams of silver per day '

2.1g of silver per day's work was a value held over many centuries.

[PansPurse]

One standard that seems to have held since Roman times, an ounce of gold will buy a good suit

[aztecstargazer]

1-oz of PLATINUM, =(unfair mining advantage).... world can't mine money advantage ...1 acre of land needed to produce food and water for survival-----1oz of silver needed for modern commerce.  

[aztecstargazer]

All the gold in the world can not be replaced=We need all the Silver for modern commerce. Platinum can not be replaced. 

(STOP THROWING YOUR SILVER INTO LAND FILLS)historically silver can not be replaced. 

("gold/platinum"-silver-copper-water-food-land/people)-ish ........the ability to mine money is not fair internationally 

TIME IS THE EQUAL FACTOR

population 

YOU CAN'T MINE TIME.

[aztecstargazer]

Law of the jungle is you can't interrupt water. THE GOLDEN RULE.

[ArcticSilver]

Buddy, you're a rather intense individual ? I opened this thread hoping to read about Russia and China positioning themselves, with the purchase of large amounts of gold, in order to take advantage of the inevitable collapse of the USD and resurrection of the Bullion Standard we all hope and dream for.

[Silverclown]

35 minutes ago, ArcticSilver said:

Buddy, you're a rather intense individual ? I opened this thread hoping to read about Russia and China positioning themselves, with the purchase of large amounts of gold, in order to take advantage of the inevitable collapse of the USD and resurrection of the Bullion Standard we all hope and dream for.

I don’t think that fiat currency will go away, because as long as the population believes in it, it’s worth something.

 

[KDave]

The trouble with comparisons to ancient times is the difference of leverage. Today we can hugely leverage our production and the production of the average worker using electricity/oil and machinery, and we turn what a single worker used to produce into many times more. Consider automation in this process too, how much silver does a plant robot earn a day . I think the reason gold has remained such a good store of value is because it has strangely matched the growth of population over time and is valued by a great number of people, not really this side of the world, but we are a tiny proportion of the world population.

One reason for this tracking of population growth perhaps could be that although gold is harder to find and mine generally speaking than it used to be, the easy stuff has gone, yet our leverage (oil/electricity/machinery) allows us to mine the difficult stuff at the same rate as before. The supply increases have kept pace with population over time, hence the uncanny ability to cloth oneself in a manner similar to our ancestors. 

[ilovesilverireallydo]

what you been smoking today and where can I get some??? 

[sixgun]

2 hours ago, ilovesilverireallydo said:

what you been smoking today and where can I get some??? 

i suggested some topics for further research. He must have caught something off me.