There is no “historic” gold silver ratio that must be regained.
The gold silver ratio was dramatically impacted from 1934-1974 because the price of gold was SET at $35 by the Gold act of 1934. Even so the gold silver ratio averaged about 40-1 from 1915-1971.
They mine ten times more gold than platinum. How come platinum is not 10x the price of gold- because relative rarity is NOT the sole determinate of price.
A gold silver ratio of 16-1 was set as a political accommodation in the 18th century in order to establish a bi-metallic standard, it wasn’t market driven.
Gold and silver are not the same metals, they have different properties and different uses. Relative rarity is not the only determinate in arrive at price.
Trump is doing what I expected all along-take credit for the stock market while its going up while focusing on his own agenda to bring manufacturing back to the US. If and when the stock market corrects or collapses he will shift to saying the stock market is not the economy -look at all the protectionist jobs I created. His “base” will have those jobs and not give much of a hoot about the stock market. Meanwhile most of his political enemies the “coastal elite” will suffer from a stock market decline.
When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!
Nationalism beats globalism when appeal is to the people's national interest as there are far more people w/ local/national interest than global interests. When a leader says "our interests in S.E. Asia are at risk", the average American thinks "I have no interests in S.E Asia"
When a country Taxes our products coming in at, say, 50%, and we Tax the same product coming into our country at ZERO, not fair or smart. We will soon be starting RECIPROCAL TAXES so that we will charge the same thing as they charge us. $800 Billion Trade Deficit-have no choice!
If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S. They make it impossible for our cars (and more) to sell there. Big trade imbalance!
Tariffs may be a better way of funding govt than issuing more USTs -instead of borrowing more from foreigners and having to pay them back, tariffs make them pay up front. Consider: Before the U.S Federal income tax, the Federal government was funded by tariffs
Tariffs, while contra to free market principles, may help curtail anti free market activities like gov't subsidies/uneconomic make work infrastructure/RE projects. Tariffs also obviate need to issue debt to foreigners as they are direct rev source-no need to pay back @dlacalle_IA
Gold has served its role in society for 1000s of yrs bc you can’t go in your basement and cook up more gold. The barriers to entry for new crypto coins is zero. There are more than 1400 types. They’ve become a joke bc anyone can make a new coin.
BOE's Carney “The best of the cryptocurrencies will gravitate to the best of the exchanges, if they are regulated, and others will fall by the wayside" (note the regulate, integrate co-opt tone) https://t.co/0SbX2JCWdo via @technology
You know you have SDD- #Silver Derangement Disorder when you cheer on a major bottom after holding for 6 yrs listening to/believing BS stories about Silver $600, Silver Shortages, unsustainable GSRatio, Comex Collapses while every other asset on earth has gone higher.#GAMECHANGERhttps://t.co/9HHWbZBsPN
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