Will A Gram of Silver Be Worth Something Substantial?
A gram is sooooo tiny!
Currently a gram of silver is worth about $0.73 but that changes with the times. What is a gram of silver REALLY worth? What will it we worth someday? Is this the unit of measurement we will use to utilize trade?
Using coins that are smaller than a dime, having the spending power of a US dollar, is an amazing thought. We're almost 75% of the way there already!
The premium on these tiny silver coins makes trading with them very impractical. One gram bars and rounds go for $3 - $6 even though they only contain about $0.75 of silver.
The "Silver Eagle" round is 1/10th troy ounce, making it 3.1 grams weight, making it worth over $2.20 in silver bullion.
When it comes to gold, 1/10th ozt rounds and bars are common, but in silver, such tiny 1/10th ozt bars and rounds are often overlooked.
I envision a future where silver is so valuable that 1 ozt bars and rounds would be impractical, or you could fill SEVERAL shopping carts full of groceries for a 1 ozt bar and get a number of small rounds back as "change".
This may happen on two conditions: silver corrects and retailers accept. And it's legalized... which such trades should NEVER made illegal as gold/silver trade (money) is written into the very founding document of the United States of America.
Can you see this happening someday?
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A handful of states have started to legalize gold and silver as "money". See things heading in this direction in some places. However with challenges, understanding mixed with set ways maybe something new will come about. Think maybe we'd see silver dollars / ounces in trade being something around the $20 range which is in the direction of everyday spending. Change may be in coins which are minted by the US mint therefore not backed by debt like the Federal Reserve notes. Me frog may suggest a Pepe cash system with silver and golds rounds but me just a cartoon frog. !ALIVE !BBH
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I certainly hope silver and gold are revalued to where this happens. My guess is if it does, it'll likely be in my kids' lifetimes, but that's fine with me. I can buy it on the cheap and pass it on to them. 😁
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So long as they don't "inherit" it, but discover it like a treasure hunt, lost and found.
Haha, exactly. 😉
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A gram will easily be worth $33.
But few people have gram coins.
A pre 1965 dime will be $100.
And so, grocery stores, if they still exist, will give you some kind of script or coupons as you enter the door and exchange your silver at a little, guarded table.
I can see $1K/ozt silver in the future, maybe sooner rather than later.
I can also imagine silver collection at the door for some sort of voucher, makes sense. Probably behind bars like at shady casinos. :-)
Modern supermarkets are the shadiest!
I did the Math... The Melt Value of One Gram of Silver will be worth about 580 of today's Fiat USD's... That Comes to about $5.80 in Sound Money...
Today's buying power of 578 USD? If a loaf of bread becomes $1000, it sort of evens out.
If a loaf of bread currently costs 5 Fiat USD's, it will become 5 Cents in "Sound Money"... Put in another way... 1 gram of Silver will get you 2 grams of Gold...
In Canada, as far as I know I can still trade a silver coin for goods and services under Bartering principles.
Hopefully a lot , I have a big collection of gram silver and also bought a lot of extras for future resale I think when silver is way up collectors will give them extra love !BBH
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It may happen.
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Keep up the great work!
"Bonny collection Able Seaman, but will a gram o' silvers buy a bowl o' peas?" 🤔 -Keptin
The dollar sure isn't going to be any competition to silver that's for sure!
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I like all these silver coins very much, their designs are also very special.
Love that Monarch fish round! So cute :)
I've been curious about these smaller coins because I also figured having 1oz rounds only will be super impractical and people would run into "I don't have any change" and then either not being able to buy things or having to overpay .. therefore I'd also focus on some smaller ones later, for now I'm just going with the flow without a big plan behind it though.
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