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Do any think silver will go to $100/oz in the near future
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<p>[QUOTE="medoraman, post: 1594677, member: 26302"]Nero debased down to 90% silver in the denari. It was emperors in the 3rd century who greatly debased the currency down to nearly nothing. Anyway, that is beside the point.</p><p><br /></p><p>Yes, I agree all currencies have been debased. Its like clockwork. A new regime puts out high quality, full weight coins, and soon thereafter they start losing either purity or weight. It is so common that you can immediately tell at what stage of a civilization a chinese coin was made. If its a full weight cash, its at the start of a new dynasty. </p><p><br /></p><p>In that regard I agree ALL monetary systems collapse. The only advantage of older ones were if you owned the coins from the beginning of the dynasty you still retained full weight of metal, something those holding old US notes will never have. I am simply saying we are in uncharted waters, that was my point. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1594677, member: 26302"]Nero debased down to 90% silver in the denari. It was emperors in the 3rd century who greatly debased the currency down to nearly nothing. Anyway, that is beside the point. Yes, I agree all currencies have been debased. Its like clockwork. A new regime puts out high quality, full weight coins, and soon thereafter they start losing either purity or weight. It is so common that you can immediately tell at what stage of a civilization a chinese coin was made. If its a full weight cash, its at the start of a new dynasty. In that regard I agree ALL monetary systems collapse. The only advantage of older ones were if you owned the coins from the beginning of the dynasty you still retained full weight of metal, something those holding old US notes will never have. I am simply saying we are in uncharted waters, that was my point. :)[/QUOTE]
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