In this report I cover the early market action from London on Monday, September 3rd, 2018. I look briefly art the precious metals, the dollar, the stock market and the oil price.
Today I go through a monetary exercise of weighing old U.S. circulating 90% silver coins and working out where one might expect the price of silver to be to day seeing that the national debt has been growing exponentially for the last 50 years.
In this report I go through how I calculated what the value of $5 in silver in 1964 is worth today but I also looked art the growth in the national debt from 1964 and worked out that the price of silver should be at least $95 per troy ounce instead of the current price of $14.50.
My conclusion is that despite the current policy of precious metals price suppression the laws of economics and money will eventually balance or reset the price of the precious metals to much higher levels in order match the corresponding explosion in fiat money debt.
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