How many ounces of silver does it take to buy an average home in the USA?
Well lets start in the 1980 where one could buy a home for the amount of silver one's got under their mattress(maybe Ray B's mattress, not mine) about 2500 oz's, heck you could carry it(150lbs) and walk into the bank with your stack, set it on the table and walk out with the keys to a nice single family home.
Fast forward to today where it will take at least one pickup trucks worth to buy that similar house( $390k / Feb 2017), so about 23,000 oz's of silver or about 1437 pounds. Try to carry that into a bank or hide under the mattress...
Still have questions about real economy house prices, inflation, and how about the free and fair market silver price?
btw, 1980 was an excellent year for silver-history rhymes/ stack up
Source:
Goldcharts
globalpropertyguide.com
So if people buy metals to hedge against inflation why has silver lost so much of its "value". Just trying to get a better understanding.
Thats the thing see, someone doesn't want us to save or hedge against inflation, thats why I think silver/gold are being manipulated lower.
Ahh thanks for the response!
Interesting data. Thanks for sharing.
👍
This will be an interesting chart to look at over the next 10 years methinks...
Yep, I think economics books will have to be re-written entirely too.
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