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Originally posted by TerryMcGuire
It's not investing, it's gambling.
Originally posted by soleprobe
Originally posted by TerryMcGuire
It's not investing, it's gambling.
The silver content of a denarius during Tiberius (Roman Emperor from 14 AD to 37 AD) was approx 3.65gram. www.livius.org...#*
It cost 200 denarius (or 200 x 3.65 = 730grams of silver) to purchase 5,000 loaves of bread to feed 5,000 men and their families during the time of Tiberius. Mark 6:37
Average price of today’s bread is $4.00 per loaf
$4 x 5,000 = $20,000 = 200 denarius = 730 grams of silver
A Canadian silver maple leaf @ 99.99% purity is one troy ounce or 31.1 grams
730 grams / 31.1 grams = 23.47 troy ounces = 200 denarius = $20,000 during the time of Tiberius
So one troy ounce of silver priced in today’s dollars during the time of Tiberius is $20,000/23.47 = $852.15 per troy ounce of silver.
edit on 6-5-2011 by soleprobe because: (no reason given)
Originally posted by James1982
It seems the ONLY way that precious metals are a good idea is if you truly believe that the world/country will continue on just fine with nothing really bad happen.
Originally posted by Dr Expired
Originally posted by soleprobe
Originally posted by TerryMcGuire
It's not investing, it's gambling.
The silver content of a denarius during Tiberius (Roman Emperor from 14 AD to 37 AD) was approx 3.65gram. www.livius.org...#*
It cost 200 denarius (or 200 x 3.65 = 730grams of silver) to purchase 5,000 loaves of bread to feed 5,000 men and their families during the time of Tiberius. Mark 6:37
Average price of today’s bread is $4.00 per loaf
$4 x 5,000 = $20,000 = 200 denarius = 730 grams of silver
A Canadian silver maple leaf @ 99.99% purity is one troy ounce or 31.1 grams
730 grams / 31.1 grams = 23.47 troy ounces = 200 denarius = $20,000 during the time of Tiberius
So one troy ounce of silver priced in today’s dollars during the time of Tiberius is $20,000/23.47 = $852.15 per troy ounce of silver.
edit on 6-5-2011 by soleprobe because: (no reason given)
Can you clarify the point for a addled Doc?
Originally posted by soleprobe
reply to post by davidgrouchy
Only those with a low IQ will believe what you say is correct.
Originally posted by Dr Expired
In Oz a loaf of label bread costs an average of $3.00, whereass the price of Silver is approx $34.00 per ounce .