G0ldfinger

Good comments, here is an update for a 6-day week: Average wage paid building craftsmen 1850-1899=24 grams silver/day=20.1 oz silver/month Average wage paid to laborers 1850-1899=13.8 grams silver/day=11.6 oz silver/month Average wage paid Building craftsmen 1900-1913=63.9 grams silver/day= 53.6 oz silver/month Average wage paid to laborers 1900-1913=39.5 grams silver/day=32.1 oz silver/month A weighted average of these wages results in a monthly wage of approx. 21.9 oz silver/month.

http://www.gold-eagle.com/editorials_05/zurbuchen120405.html Assuming that these figures are correct, one obtains in ounces per month (22 working days = month): Average wage paid building craftsmen 1850-1899=24 grams silver/day=17.0 oz silver/month Average wage paid to laborers 1850-1899=13.8 grams silver/day=9.8 oz silver/month Average wage paid Building craftsmen 1900-1913=63.9 grams silver/day= 45.2 oz silver/month Average wage paid to laborers 1900-1913=39.5 grams silver/day=27.9 oz silver/month A weighted average of these wages results in a monthly wage of approx. 18.4 oz silver/month. That's 184 pounds per month at the time of writing.

He has been clearly wrong for a over a month then: http://gold.approximity.com/since2008/Silver_GBP.html

Thanks Wren. I am a little confused about the 35g being 1.5 oz. 35g = 1.1254 oz according to my calculator.

The coins that I have, gold and silver, will possibly never be sold by me. Since coins are the smaller (and somewhat more precious to me) fraction of my gold/silver savings, the vaulted stuff will go first when I decide to sell. The coins are real SHTF money, so I will hold on to them for as long as possible. How many ounce of silver did a worker earn a week in the early 20th century?

Here is the 1979/80 mania phase in comparison to the last two years. Clearly no mania yet. http://gold.approximity.com/1979-1980/asse...arison_USD.html http://gold.approximity.com/since2007/asse...arison_USD.html

I think it is interesting that at this point in time, gold and silver have preserved wealth/purchasing power equally well since this bull market started in 1999. This also means that the gold:silver ratio is momentarily at the same level as back then. http://gold.approximity.com/since1999/RPI_...arison_GBP.html http://gold.approximity.com/since1999/Gold-Silver-Ratio.html

Oops, there goes my silver purchase. EDIT: It's back on now. I guess I just got timed out? EDIT2: Maples come in tubes of 25 from the mint, Eagles in tubes of 20. So any purchase of multiples of that should come in the original tubes at no additional cost is my guess.

http://jsmineset.com/2009/09/28/jims-mailbox-239/

I feel a little weird about it since we're essentially at a 29-year high. But Turdling looks weak here (now that even Merv has abandoned it), and silver has never lost any of its lustre. The other thing is: I just still need more coins of smaller denominations. I don't want to go shopping with 1 oz or even 1/4 oz gold coins when TSHTF. Silver is just everyone's everyday money. Hence smaller silver coins. It's only a smaller amount anyway. EDIT: I think I'll go 50-50 Eagles and Maples. Coins of the Realm.

In fact, on CID, the 1oz silver Philharmoniker and Maples are cheaper. I might go for Maples - they make good SHTF money.

I think I want to buy some 1kg Kookaburras soon.

They seem to discourage you from taking delivery. The piece on insurance, why is it their business whether I want to have insurance or not? Strange. Also, I do not like certificates. http://www.mayfairandgrant.com/content/faq.php I'd only give them a shot if it was for a smaller quantity with immediate delivery after payment. EDITed to add: If they sell below spot, how can they cope with the arbitrage another major dealer could make by buying from them and selling Loco London??

As I wrote before, payment in advance is what you have to do with any bullion dealer, only delivery is usually promptly aftwards (and then shipping takes time etc.). In general, I would not store the metal with ANY dealership. I would also be more careful with very new businesses. Selling metal below spot is somewhat suspicious, but it could also be an initial thing only.

Always nice these kind of comparisons. Although, I think the max for a US house was 800 oz in 2004. Here is the UK in comparison: http://gold.approximity.com/since1968/UK_H...es_in_Gold.html

You have to do so with any bullion dealer anyway, but delivery is usually more promptly EDIT: Did you find out who the refiner is? That could be interesting in terms of resale value.

From another post: The markets are still too expensive, and housing is not going anywhere. An average BTLer has to cough up a 40% deposit now. The rental income must cover the mortgage payments at 10% IR, I think. And the additional safety margin is 40%. BTL is dead, and so is the whole market. Should hyperinflation set in, the property market will follow it belatedly and will still suck as an investment.

http://gold.approximity.com/gold-silver_watch.html Or this one: http://gold.approximity.com/since1968/Gold-Silver-Ratio.html

Like this one? http://gold.approximity.com/gold-silver_watch.html EDITed to add: Ker says that gold is not money. 6,000 years (or rather more) of history against him.

Sixtuple top please. http://gold.approximity.com/since2008/Gold_USD.html Not the least a sign of price suppression here, I suppose?

This one is nice too: http://gold.approximity.com/since1968/RPI_...parison_GBP.png

That's because people actually believe in green $h1tes.

Yes, this chart is in USD. The thing to keep in mind is, that 1968 was a situation where gold prices had been suppressed for many years by the London Gold Pool. Gold was still cheap then. Hence the fact that house prices have performed similar to gold over these 41 years means that gold is again cheap in comparison today. All this can of course also be seen from the house:gold charts, but I thought it was interesting. And, yes, silver is indeed ridiculously cheap. This is still the time to load up. EDIT: Here is the same chart since 1999 in pounds. Clearly, we're now in the gold bull. http://gold.approximity.com/since1999/asse...parison_GBP.png

Silver looks really undervalued here. http://gold.approximity.com/since1968/

The internet is an interesting place. http://gold.approximity.com/gold-silver_watch.html