How much is Silver actually worth?

How much is #Silver actually worth? (#DavidMorgan, #BillHolter, James Anderson, Peter Krauth)

While a lot of people talk about how the COMEX paper price of silver is far below any rational true value for an ounce of #physicalsilver, how much should an ounce of silver actually be trading for?

In other words, how much is an ounce of silver actually worth?

Fortunately, that was one of the panel topics at last year’s #SilverFest II, and to find out what #DavidMorgan, #BillHotler, and James Anderson had to say, click to watch this video now!

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#silver
#gold
And remember to get outside and have some fun every once in a while!:)
(URL0VD)

This video was sponsored by Blackrock Silver, and Arcadia Economics does receive compensation. For our full disclaimer go to:

[awakenjake]

I had an interesting conversation with my dad over the weekend about silver. Unfortunately, he was not supportive of my decision to stack physical. He banks with chase and I told him his bank has been caught MANY times shorting the silver market. I said I stand firm in my belief that silver is real money. He told me I cant change the world as one person "stacking silver", I told him its not about me, it's about the MOVEMENT of 100s of thousands of people who are awake to the suppression of paper silver and the liberation of financial freedom away from fake fiat (with absolutely NO ACCOUNTABILITY). He had no clue about the great reset or klaus schwab. Its frustrating trying to open loved ones eyes but I will stay strong in my beliefs. Thank you to all of you!

[russmed]

Courage is contagious. Stare the bullies in the eye and tell them "No more." I think I was born for this.

[silverfox]

Now coming out of the ground 7 to 1.. Seven oz of silver to 1 oz of gold. Silver is becoming more difficult to find since the majority of the easy silver is now gone

[lukethompson]

When Bill holter speaks everyone listens. He is the godfather of telling it like it is.

[nicholaslouis]

These guys are my teachers. I love that we can be humorous over such a serious topic. Corruption in the money system is the foundation for a lot of the immorality we see in our world.

[WilliamFiler]

Treasury already has new currency back by silver ready to so. The price is already set, we just don't know it yet.

[Gismotronics]

I like the idea but I could have been sitting on a pile of Silver for years already and still not seen any significant rise in price. Yes it's manipulated but it could continue being manipulated until well after I'm dead and gone.

[glennsacona]

I think buying 23 dollar silver now would be like buying 3.00 dollar silver in the 70’s

[ddprepper]

Excellent report, Everybody by silver get you some inflation protection!

[alphasmurf]

Seriously what will it take for silver to go up? Clearly inflation was a lie. Worst investment I ever made. 15k in silver 2012 vs 15k in Bitcoin… Return Silver -3, 000, Bitcoin 67 MILLION DOLLARS.

[well.thy.one.]

Had a dream recently, last nite actually, that i was watching the price shoot up on a ticker like a jackpot was going off at the casino.

[coretmanus]

It is worth exactly the amount you can get for it. Always will be.

[WeirdBeardJay]

Love the thought processes of this community! Thanks!

[jaredangell]

I've done the math a couple different ways. Silver is worth $3000/oz at present. More as the dollar loses value.

[bellydancerabiar]

Usdebt clock says $3008.
Spot price says 23.31. What I don’t understand is why the U.S. banks are stacking up this “ useless “ metal. Why does Russia actually have tonnes of storages for this “cheap” metal.
There sure is a lot of silencing, tamping, fining and collecting of this “garbage” metal.

[georgesutter]

In ancient times a common day labourer was paid a Denarius per day. Six denarius equals one one of silver . If a labourer is paid 10 dollars an hour and works for six days a week. That is 50 hours times 10 dollars an hour that makes the price of silver roughly $500 an ounce. You can play with the numbers and get your own price.

[nicolasgilbert]

Try this... ask anyone off the street. Open up by reminding then that gold and silver where used as money throughout history (100% agree). Tell them the price of gold and then ask them what the price of silver should be. You will get answers between 100-500 without batting an eye. Silver could easily be this price and the masses still wouldn't notice.

[fhbbi]

"i want my silver and i want it now!" ~ J.(Joey) G. Wentworth

[johndoeut]

Up until the modern fiat Era silver had the same price for thousands of years regardless of region or culture. Silver has always been one tenth oz for one day of semi skilled hard labor. So when doing the calculation just remember that the 8 hour work day is a modern concept. Prior to that it was dawn until dusk or roughly a 10-12 hour day depending on season.

[mwaurelius]

I want a trimetallic standard, but without any fixed pricing: Copper Pence, Silver Dollars, and Gold Guilders. The relative pricing would be determined on the open market and, specifically, locally.