Hi all
Today I bring a sorta interesting thought.
Most of my life the Canadian Dollar was usually hovering around 80 US cents. Or 80%. I found a source that says the historic averages are between 75% and 80% of the USD. Today, the Canadian Dollar is 0.73 USD
That is a Voyageur dollar and a Peace dollar.
Size comparison.
The Peace is a bit larger, is 90% pure and contains about 0.773 troy ounces of silver.
The Voyageur is 80% pure, and contains 0.6 troy ounces.
My calculations put that st around 77% of 1 USD
How do the cental banks keep that ratio in a fiat currency world? Well, I assume they're in cahoots.
As George Carlin used to say something to the effect of, "Its a big old club, and you aren't in it"
Whats my point? I don't really have one, it's just kind of interesting.
Happy #beersaturday everyone!
That is a local lager, light and crisp.
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"Well, I assume they're in cahoots!"............🙄
I think they definitely are my friend, just look at all the markets going up except for bitcoin and crypto! It's a rich good old boys club, and I think they're stacking Sat's on the cheap!!!
The only thing I can figure out why gold and silver are ramping up so fast and hard, is the Fed is buying treasuries and printing dollars like it's going out of style ....... AGAIN..... Lol!!😇
I so love seeing Silver at $79.39 !🤗
It's ghost week, @silvertop!
That it is @silversaver888..... everyone is celebrating the holidays!!!!
Liz and I received a Starbucks card from our youngest son for Christmas $50......
I told Liz, why don't we play Santa, and send him $50 of bitcoin to his Trezor cold wallet.
I did not think my son was even checking his wallet, but yesterday received a text from him....
"Dad, did you just transfer some BTC?"
He is also a silver stacker.... I guess the seed I planted about gold silver and bitcoin finally took root Lol!!!🥰
Constitutional silver is built-in fractionals, @fat-elvis!
Isn't it great! I have both American and Canadian coins for that purpose/
!BBH
!LADY
!PIZZA
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We're just pond scum to them, and not members of the good old boys club! Nice silver, I love Peace Dollars, such pretty coins. You can't go wrong with them!
I like both but ours is 90% yours isn’t…
It means we Canadians will always get shortchanged about 4% by the US Banks.
Bullion, beer and the bloody banks!
!BEER
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