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Toadpit31

Silver Premium Member
  • Posts

    3
  • Joined

  • Last visited

  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Super Like
    Toadpit31 got a reaction from monkey in Help us reach our target + Prize Draw   
    190
  2. Super Like
    Toadpit31 got a reaction from stefffana in Help us reach our target + Prize Draw   
    190
  3. Super Like
    Toadpit31 got a reaction from ChrisSilver in Help us reach our target + Prize Draw   
    190
  4. Like
    Toadpit31 reacted to HonestMoneyGoldSilver in Silver in a time of crisis, or for retirement.   
    Some interesting maths going on here!
    The average Fed Funds Rate 1971-2023 = 4.86%. Let's take interest on bank deposits as a smidge below the FFR, say 4.75%. In that case (calculated using yearly compound):
    $1000 in 1971 = $1000*(1.0475)^53 = $11,699 or roughly a quarter of the previously derived figure
    Freddie Mac has been keeping records since 1971. Between April 1971 and June 2023, 30-year fixed-rate mortgages averaged 7.74%
    Let's compare our $1000 earning interest in the bank (or government bonds) with $1000 in mortgage debt between 1971-2023:
    $11699 - ($1000*(1.0774)^53)) = $11699 - $51997 = a net position of minus $40K for every $1000
    (1971-2023 is 53 years inclusive, not 52)
    Compound Interest Calculator [with Formula] (omnicalculator.com) (A better calculator)
    So cash went up 11.7x
    Debt went up 52x
    How does that compare with holding gold and silver? Well:

     

    You need roughly the same amount of gold and silver to buy a house in 2023 as you did in 1971 - roughly 200 ounces of gold and very roughly 15,000 ounces of silver. Gold has maintained its value over those roughly 50 years while silver has maintained most of its value over that same period
    GBP has lost 99.654% of its value vs gold since 1751
    USD has lost 99% of its value vs gold since 1930
    JPY has lost 99.98% of its value vs gold in the last 100 years
    Neither gold nor silver are yielding assets. It's illogical to promote gold as an investment while claiming silver is not an investment when over the last 50 years they are roughly equivalent. Currently we have an historically high gold/silver ratio so perhaps if we take another 50 years the relative values of gold, silver and real estate will be even closer than today. For reference the Pearson's coefficient between gold and silver is roughly 0.80 and the coefficient between BTC and ETH is roughly 0.89. Saying gold is an investment and silver is not is akin to saying BTC is an investment while ETH is not. They are strongly correlated, indeed, silver and gold naturally occur together in the same deposits the majority of the time. 
  5. Like
    Toadpit31 reacted to Solachesis in Lancashire meetup-Crypto-Silver 1Kg (£780) and 5Kg (£3850) bars for sale, No dirty fiat please, ONLY Crypto accepted Monero, Bitcoin, Litecoin...   
    I did both, and when I got COVID I had quite mild symptoms, probably due to the vaccine. 
    Not like it has killed millions or anything.
  6. Like
    Toadpit31 got a reaction from Squalleonhart in Free 2022 britannia   
    £106.50
  7. Like
    Toadpit31 reacted to Hunter87 in Gold 1oz coins   
    I bough a 1 oz American buffalo as it’s a beautiful coin. 
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