Gold Trades Above £2'000 for the First Time Ever | Still Buys as Much Beer as in 1914.

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  • เผยแพร่เมื่อ 15 พ.ย. 2024

ความคิดเห็น • 300

  • @BlueWaterSTAX
    @BlueWaterSTAX หลายเดือนก่อน +9

    Well done gentlemen. You two are my favorite monetary commentators.

  • @DanKearney-g8s
    @DanKearney-g8s หลายเดือนก่อน +52

    Mario has just invented the Gold to alcoholism ratio😂

    • @andrewquinn6634
      @andrewquinn6634 หลายเดือนก่อน +1

      @@DanKearney-g8s 😄

    • @davebellamy4867
      @davebellamy4867 หลายเดือนก่อน +4

      And the gold to £SD ratio.😂

    • @Mpg972
      @Mpg972 หลายเดือนก่อน

      NHS be interested

    • @islandaerial3414
      @islandaerial3414 หลายเดือนก่อน

      Ronny (Stoferle) from Incrementum was first on that comparison some time ago now 😉

    • @marney3340
      @marney3340 หลายเดือนก่อน +1

      Sounds like a party to me.

  • @martinluke9470
    @martinluke9470 หลายเดือนก่อน +22

    Good evening Clive and Mario, from Manila, Philippines.

  • @wes5977
    @wes5977 หลายเดือนก่อน +2

    Good morning from Calgary gold in Canadian dollars just went over3700 for a gold buffalo at one dealer in the city

  • @Radagast49230
    @Radagast49230 หลายเดือนก่อน +16

    so true, you don't measure a real thing against a legal fiction. You measure a real thing against a real thing. You check the purchasing power of gold to oil, grain, livestock, steel, and beer. And see how that's changed relative to history. You find the purchasing power is about the same now as then, which means the difference now isn't a rise in value of gold it's a decline in the value of currency.

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน

      Absolutly spot on, and well expressed. Your assets keep the same value when expressed against each other. The only thing changing in value is the fiat money itself, always going down.

  • @peterbrunsgaard2012
    @peterbrunsgaard2012 หลายเดือนก่อน +15

    Good morning Mario, Clive, Rudy, and everyone! ☕️🍳🥓☀️

  • @Celticcross688
    @Celticcross688 หลายเดือนก่อน +29

    Morning chaps🎉 When I went to school in the 1960' I learned £ s d ...then they changed it to decimalisation. 😢and depriciated the money..

    • @ASC63Funky
      @ASC63Funky หลายเดือนก่อน

      The decimalisation of the British pound was a moneytary reset i remember that i was buying my school dinner for 2 old pennies a day and when they decimalised it was 10new pence that is 5 times depreciation . legalised Theft in action

    • @Crosshatch1212
      @Crosshatch1212 หลายเดือนก่อน +2

      I remember my mum working out her money from what they had to what they got she converted it all to the new one I'd watch her and was lost .That's my mum that worked on spitfires wiring n riveting and my dad was military police both got through the whole thing my dad was covered in tattoos of the places he went to ,cylon sticks out as it was low on his forearm ,

    • @Celticcross688
      @Celticcross688 หลายเดือนก่อน +2

      @@Crosshatch1212 I remember many old dears trying to work it out..and ending up giving cashiers their purses..☹️

    • @CosmicSeeker69
      @CosmicSeeker69 หลายเดือนก่อน +2

      ​@@Celticcross688 going back to when I took Mario out for lunch I gave him a crisp £20 note from the pre decimal era. The ones that used to have printed 'I promise to pay the bearer ...'

    • @Celticcross688
      @Celticcross688 หลายเดือนก่อน +1

      @@CosmicSeeker69 “promissory” Note effectively.. honesty has faded along with the value of money..🥕

  • @grantharding8868
    @grantharding8868 หลายเดือนก่อน +7

    Great to hear you two fellows again.

  • @davebellamy4867
    @davebellamy4867 หลายเดือนก่อน +10

    18:07 Great to see Clive's chart with so many important technical indicators!🤩🤩
    😅🤣😂

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน

      I think a smiling face on a chart is a perfect prediction of the future. I know some people prefer straight lines joining the tops or the bottoms, but I unfortunately don't possess a ruler.

  • @bradleerutledge1052
    @bradleerutledge1052 หลายเดือนก่อน +2

    Brilliant! Love you guys ❤️

  • @meinking22
    @meinking22 หลายเดือนก่อน +35

    Maybe the best subtitle ever for a YT video. 😂🤣

  • @AuntPeggy1019
    @AuntPeggy1019 หลายเดือนก่อน +12

    Well that beer headline sure captured attention! Good morning, gentlemen.😂

    • @KumaBean
      @KumaBean หลายเดือนก่อน

      Mornin 🤪 🍻

  • @seeriktus
    @seeriktus หลายเดือนก่อน +13

    My kind of economics!

  • @cockyhemi
    @cockyhemi หลายเดือนก่อน +6

    I like pre-1933 United States gold. Preferably the Saint Gaudens. In my opinion one of the most beautiful coins ever struck.

    • @richgarbacik7182
      @richgarbacik7182 หลายเดือนก่อน

      @@cockyhemi you sit staring at coins all day..little weird

    • @cockyhemi
      @cockyhemi หลายเดือนก่อน

      @@richgarbacik7182 yeah, you got me pegged. You schmuck.

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน +1

      The Saint Gaudans Double Eagle is one of the most beatiful coins ever. Face value was $20 and it weighed just under an ounce in pure gold.. There is an entire book dedicated to the adventure that one such Saint Gaudans Double Eagle took around the world. The Secret Service spent over 70 years trying to lay their hands on an allegedly stolen Double Eagle. They probably spent over a million dollars trying to retrieve that $20 coin. The hunt for it lasted through three generations of agents. All the original Secret Service agents were long dead by the time they finally laid their hands on it. The book is called "Illegal Tender". It's a true story. Great book.

  • @DoorCam-l7y
    @DoorCam-l7y หลายเดือนก่อน +10

    A nice Roman tunic was 1 oz (31,1 grams) of gold 2000 years ago and a nice suite today can be bought at $2,700. OK... not at Saville Row for your posh pomps, I am excluding the 1% for argument sake.

    • @ThomasPaineintheArse
      @ThomasPaineintheArse หลายเดือนก่อน

      No...an entire outfit for a Roman SENATOR cost an ounce of gold. Do you think Nancy Pelosi wears $2700 outfits? Her bathing suits cost more than that. She wears $20K outfits in the Senate House.

    • @cockyhemi
      @cockyhemi หลายเดือนก่อน

      Yes. Gold is a store of value and retains purchasing power throughout time.

    • @Mpg972
      @Mpg972 หลายเดือนก่อน +1

      Only crazy people spend 2k on a suit but I get yure point

    • @DoorCam-l7y
      @DoorCam-l7y หลายเดือนก่อน

      @@Mpg972 the posh poms might even spend £50k.... but that is another story....!

  • @ashleylaw
    @ashleylaw หลายเดือนก่อน +1

    A new Index is born. Now to name it ....
    Great work.

  • @JustinTaylor1098
    @JustinTaylor1098 หลายเดือนก่อน +5

    Morning Mario,Rudy and Clive.
    Always look forward to hearing what Clive has to say on a Friday.

  • @nassersiaf8167
    @nassersiaf8167 หลายเดือนก่อน +7

    Good morning Clive and Mario 👋

  • @JC-XL
    @JC-XL หลายเดือนก่อน +2

    In Euro the Gold is also attacking a round level - 2400, yesterday it briefly went through but was pushed back below.

  • @chriseustace9734
    @chriseustace9734 หลายเดือนก่อน +10

    With my local Wetherspoons charging gbp2.40 for a Pint this works out at a Splendid 204 Pints for a Sovereign 🤪

    • @davebellamy4867
      @davebellamy4867 หลายเดือนก่อน +5

      London has really skewed their price for a pint. Not sure what Wetherspoons charge here, 80 miles north of London.

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน +1

      What's the deal with Weatherspoons? They must be making up for the low beer price somehow? Maybe it's longer hours open than the pubs and thus more volume?

  • @roma5770
    @roma5770 หลายเดือนก่อน +1

    This is THE Mario & Clive chat of all time...Explaining sound money in terms of beer.....Sound people everywhere understand this terminology & its importance & relevance to life.
    Takes an old school Englishman i guess to bring this to attention...👏 Clive...it resonates & beer is the perfect barometer of whats really going on with ' money'.....also love the Lucy in the sky with the diamonds whipsharp reference...what a time a time it was.

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน

      Lucy in the Sky with Diamonds, the song by the Bealtes was banned by the BBC because the letters stood for the illegal drug LSD. There were no commercial stations in the UK so the only way you could listen to it was on one of the pirate radio stations like Radio Caroline, in the North -Sea, on 199 meters or on Radio Luxembourg broadcasting on 208 meters medim wave

  • @marialangley5528
    @marialangley5528 หลายเดือนก่อน +36

    A true British measure of money, how many pints for your pound 🤣🤣🤣 crypto col

  • @mw3516405
    @mw3516405 หลายเดือนก่อน +6

    Morning Gents , Interesting discussion!l Everybody has an Amazing weekend ! Keep stacking! Hi Rudy 🐕! Thank you!

    • @maneco64
      @maneco64  หลายเดือนก่อน +1

      Good morning!

  • @edwardpocockiii3712
    @edwardpocockiii3712 หลายเดือนก่อน +1

    Look forward to these two bright lights every Friday. The level of knowledge here is off the charts. It may be contrarian…but it’s always real. Keep up the great work.

  • @moon1val
    @moon1val หลายเดือนก่อน +11

    Best part of my Fridays

  • @MichaelWilliams-ph4ri
    @MichaelWilliams-ph4ri หลายเดือนก่อน +1

    And we all know this is the most important measuring stick!🎉 Gotta love the Brits.

  • @stewed63
    @stewed63 หลายเดือนก่อน +1

    For lunar year dragon coins check out the 2024 Canadian mint's 3oz dragon. Very high relief. Cost is $288 CAD (silver at 42/oz CAD)

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน

      Sounds like a nice coin. And 3oz is heavy.

    • @stewed63
      @stewed63 หลายเดือนก่อน

      @@clivethompson-jc9my it is a beauty. The obverse shows the back of the dragon. Limited to 5000 coins, I have mine on order. Wish I could share a picture here.

  • @HannaR2049
    @HannaR2049 หลายเดือนก่อน +2

    Thank you Mario and Clive and Rudy! I hope you have a fantastic Friday! Cheerio. 😊

  • @DJDorrat
    @DJDorrat หลายเดือนก่อน +2

    Ok. Now we know how many pints, we just need it denominated in pies now and life is complete.

  • @superapex2128
    @superapex2128 หลายเดือนก่อน +16

    Gold may buy the same amount of beer as it did back in 1914 but we all know the price of gold should be much higher right now.
    Why?
    Because while the amount of gold mined has increased linearly, the amount of goods and services available for commerce has increased exponentially due to the Industrial revolution.
    It used to be, in agragrian societies , that the production of gold and other products would increase at the same rate but this hasn't been the case for at least a century...
    When people use this phrase 'Gold buys as much today as it did back then', what they're doing is using an outdated criterion to evaluate gold and helping governments steal the purchasing power gold should have yielded to investors over time: it is GOVERNMENTS who have spent the difference between what gold buys today and what it should be buying, given the spectacular increase in goods and services relative to gold in the last 100 years.
    In other words, in an industrialized society, gold is not just an inflation hedge: there's a very real return on investment for holding it...

    • @cockyhemi
      @cockyhemi หลายเดือนก่อน

      Not necessarily.

    • @garryallison4716
      @garryallison4716 หลายเดือนก่อน

      @@cockyhemiyeah, well at least this guy explains his argument. I’m not saying I agree with him but if you don’t say why or do t bother adding stupid comments, unless they’re funny!!

    • @JM-si8xr
      @JM-si8xr หลายเดือนก่อน

      True. The yearly mining concentrations are decreasing so the cost to produce pure gold only increases so the value must also increase. The finite gold resource that can only be mined on the Earth's surface is depleting while food and products keep producing in yearly cycles. Obviously, people storing gold and silver will only cause the value to increase but people will not store food for long or products for long.

    • @JM-si8xr
      @JM-si8xr หลายเดือนก่อน

      ​@@cockyheminot very well educated.

    • @superapex2128
      @superapex2128 หลายเดือนก่อน

      @@JM-si8xr Nobody knows what the price of gold would be if it backed 100% of the global currency supply but its purchasing power would be MUCH greater than it was at the beginning of the 20th century when the FED was created...
      If you think prices were cheap back then, they would be a lot cheaper today, had the government not cheated us out of the fruit of our labor...
      The dollar should not have LOST 98% of its value: it should have RISEN in value MANY TIMES OVER!

  • @barryg1965
    @barryg1965 หลายเดือนก่อน +1

    Hi Clyde and Mario.Just the statement
    Gold £2000 should shake anyone awake!

  • @MarkCallaghan-y2d
    @MarkCallaghan-y2d หลายเดือนก่อน +2

    Such a valuable and educational episode, Mario & Clive. Thanks guys.

  • @jeepstergal4043
    @jeepstergal4043 หลายเดือนก่อน +1

    My mom used to say, "A pint's a pound the world around."
    I don't think she was talking about beer. 😉

  • @JHatLpool
    @JHatLpool หลายเดือนก่อน +2

    Folks, for me, an interesting reference point was on 01-May-2019, 1 USD bought 1 Swiss Franc (on the spot currency markets).

  • @missjane782
    @missjane782 หลายเดือนก่อน +1

    Another great discussion…thanks Mario and Clive 👍

  • @roygbiv6704
    @roygbiv6704 หลายเดือนก่อน +1

    Thank you Gentlemen 😊

  • @jozette-pierce
    @jozette-pierce หลายเดือนก่อน +1

    Thanks to you both for your excellent investing insights, in these very unstable times ❤

  • @user-xp2tv6wu9y
    @user-xp2tv6wu9y หลายเดือนก่อน +1

    Thanks guys! Brilliant as always.

  • @MrDuncl
    @MrDuncl หลายเดือนก่อน +1

    23:30 On the instruction of the U.K. Government the Bank of England were going completely crazy back at the turn of the century. Ever heard of "The Brown Bottom" when the U.K's pre-announced Gold sell off sent prices plummeting.
    Mentioning 1999 made me think of an exhibit at the Millennium Dome which was £1 million in notes stuck between glass panels. It made me realise that they were just something the BoE printed for less than the price of the glass.

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน +1

      "Brown Bottom"!!!!! Love it. Gordon Brown must really regret selling Britain's gold at the bottom.

    • @MrDuncl
      @MrDuncl หลายเดือนก่อน

      ​@@clivethompson-jc9my The most stupid thing is that he created the slump by announcing that the U.K. would be dumping 395 tons of gold into a stagnant market. The average selling price got by the Government was $275 an ounce. Hence a Krugerrand for £222.

  • @bver1149
    @bver1149 หลายเดือนก่อน +6

    Matthew 6 33❤

    • @Polarman0101
      @Polarman0101 หลายเดือนก่อน +2

      Mark 1:25

  • @quantchannel9922
    @quantchannel9922 หลายเดือนก่อน +7

    Like the big mac index 😂

  • @darinmullins4770
    @darinmullins4770 หลายเดือนก่อน +1

    Silver is a monetary , industrial and a strategic metal ! Meaning needed for military defence .

  • @Xylo58
    @Xylo58 หลายเดือนก่อน +1

    My favourite episode of the week. You two are awesome. Thanks guys!

  • @TheSpuggiehawk
    @TheSpuggiehawk หลายเดือนก่อน +11

    Hold on a mo! "I promise to pay the bearer on demand the sum of 10 pounds". OK. I'd like the 10 sovereigns this promise is backed by please! :-D

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน +3

      I tried that in 1975 in the banks. No luck. I learned a valuable lesson. Nobody swaps their gold for paper, at least not at 1:1.

  • @Quadman72
    @Quadman72 หลายเดือนก่อน +1

    Good morning Mario, Clive and Rudolf

  • @richarddobosz6174
    @richarddobosz6174 หลายเดือนก่อน +2

    Hello from australia

  • @nedspeak
    @nedspeak หลายเดือนก่อน +1

    Seems like I heard someplace that silver is an essential ingredient for the military. I think it is used in artillery shells. Militaries would want silver to be cheap.

  • @Kit29
    @Kit29 หลายเดือนก่อน +4

    Good morning Mario and Clive from 🇯🇵 Japan

  • @DarrenSmith-tq2xz
    @DarrenSmith-tq2xz หลายเดือนก่อน +1

    Thanks mareo and Clive for this great content once again God bless you both stay safe and well I'll wish you both a great weekend ahead see you in the live stream on Sunday

  • @susanchappell796
    @susanchappell796 หลายเดือนก่อน +1

    Hi Mario I’ve been watching you for years every day with my morning coffee here in Texas. So glad to see your channel doing well.

  • @brencostigan
    @brencostigan หลายเดือนก่อน +1

    A pint of beer in Manchester in 1982 was 50p

  • @theinflationsituation8870
    @theinflationsituation8870 หลายเดือนก่อน +1

    For he's a jolly good fellow, for he's a jolly good fellow... 🥇🥳

  • @peterwilson9327
    @peterwilson9327 หลายเดือนก่อน +1

    You now have my attention

  • @vivb.7161
    @vivb.7161 หลายเดือนก่อน +1

    SILVER also has a strategic use, i.e. used in military in warheads but that data is deliberately concealed as per Andy Scheckman

  • @islandaerial3414
    @islandaerial3414 หลายเดือนก่อน +2

    Well, a Silver dime could buy a gallon of gas back in the 50s. Same thing holds true today...

    • @MrDuncl
      @MrDuncl หลายเดือนก่อน +1

      Showing how other items have changed, a thread in a forum showed, with real examples" how in the U.K. a Top 40 single cost the same as a Gallon of Gas/Petrol for a couple of decades. It explains how the likes of Paul McCartney are so rich.

  • @quays99
    @quays99 หลายเดือนก่อน +1

    There are 240 pennys in a pound because the circumference of the earth is 24000 miles.

  • @Joel-ym3ij
    @Joel-ym3ij หลายเดือนก่อน +1

    These historical coin videos not only reveal the true value of money, and inflation, but many of the history of currency debasement and political propaganda is visually shown on the coins. All the information is easy to learn, if only people asked questions.. but alas.. too much 'Keep Calm and Carry On' type of mentality in the world.

  • @apflewis
    @apflewis หลายเดือนก่อน +3

    Has anyone else noticed that the modern UK £1 coin, is the same size as the base metal threepenny bit ?

    • @davebellamy4867
      @davebellamy4867 หลายเดือนก่อน +3

      Plus a new £ buys less than an old 3d bit did. Actually, probably about the same as the 12 sided ones in the 1940s and 50s that you mentioned but less than the silver ones in 1900.

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน

      Can't buy much with a £ these days. When I was young the farthings were bigger than the modern £. A farthing was a coin used in the United Kingdom, worth one-quarter of a penny. It was part of the pre-decimal currency system and was in use until 1960..

  • @jamesreal7987
    @jamesreal7987 หลายเดือนก่อน +1

    SILVER IS THE PLAY

  • @patmlaftr959
    @patmlaftr959 หลายเดือนก่อน +2

    When you mentioned pounds shillings and pence Mario
    I started to sing a song in my head
    Can't YOU SEE
    It ALL makes perfect sense
    Expressed in dollars and cents pounds shillings and pence
    Can't YOU SEE It ALL makes perfect sense
    Roger waters sang it
    Have a great weekend Mario and Clive ❤❤

    • @andrewquinn6634
      @andrewquinn6634 หลายเดือนก่อน +2

      @patmlaftr959 ah...that's right

  • @Sh311Sh0ck3d
    @Sh311Sh0ck3d หลายเดือนก่อน +3

    Good morning Mario and family 👍
    I think you would need a time machine to get 8 pints for a pound. And you would need to go back to 1923 to get 80 pints for a pound.

    • @maneco64
      @maneco64  หลายเดือนก่อน +3

      @Sh311Sh0ck3d , You can still get 80 pints for £1 it just depends what kind of pound you pay with.

    • @Sh311Sh0ck3d
      @Sh311Sh0ck3d หลายเดือนก่อน +1

      @@maneco64 right but if you can still find a pub that's open its unlikely the barman would know what a sovereign is lol. I have a double Florin, still get you a few pints today.

    • @Sh311Sh0ck3d
      @Sh311Sh0ck3d หลายเดือนก่อน +3

      ​@@maneco64I have been collecting British coinage and I have a pound in 3 pence, 6 pences. I've got a couple of pounds in Florins and a couple of pounds in Half Crowns but I only have one 1937 Crown. I've about 8 quid in Sovereign coins. I bought a £500 Britannia last week, it's a really nice coin, not very practical but still worth having. Take care

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน +2

      I'm pretty sure there are some landlords who would gladly swap 80 pints of beer for a £1 gold sovereign.

  • @scott49140
    @scott49140 5 วันที่ผ่านมา

    i have a small jewllery box full of 3 pence silver coins and i paid one pound each for them, sometimes i got a good deal and got 12 of them for 10 pounds couldnt have done better

  • @Paul-dorsetuk
    @Paul-dorsetuk หลายเดือนก่อน +1

    Really interesting abt the beer. In college i remember the DD was 14p a pint. Most useful item about China too thanks!

  • @DavidG-qe7yn
    @DavidG-qe7yn หลายเดือนก่อน

    Thanks gentlemen 😊

  • @lawrence-bishnoi-Tihar-Wallah
    @lawrence-bishnoi-Tihar-Wallah หลายเดือนก่อน +1

    When to expect equity market melt down ?

  • @John-FourteenSix
    @John-FourteenSix หลายเดือนก่อน +3

    Good morning gents.

    • @maneco64
      @maneco64  หลายเดือนก่อน +1

      Hello there!

  • @Blueboy-i7z
    @Blueboy-i7z หลายเดือนก่อน

    Good morning from Marietta,Ga USA

  • @QuaaludeCharlie
    @QuaaludeCharlie หลายเดือนก่อน +1

    Good morning guys , Thank you :) QC

  • @roseprouty2413
    @roseprouty2413 หลายเดือนก่อน +2

    Wishing you all a happy weekend and that includes Rudy!

  • @andrewquinn6634
    @andrewquinn6634 หลายเดือนก่อน +4

    Good morning from Chicago

    • @maneco64
      @maneco64  หลายเดือนก่อน +1

      Morning!

  • @clivethompson-jc9my
    @clivethompson-jc9my หลายเดือนก่อน +1

    If you want to get really plastered, buy yourself a sovereign and swap it for 80 pints.

  • @jasonwyman5096
    @jasonwyman5096 หลายเดือนก่อน +1

    my adviser own 1000oz silver 10 oz gold for 1 person

  • @jasonwyman5096
    @jasonwyman5096 หลายเดือนก่อน +1

    1987 perth mint gold the first coin sold to the public

  • @darinmullins4770
    @darinmullins4770 หลายเดือนก่อน +1

    You would think with industrial aggriculture that beer would be cheaper , so maybe gold is still under priced ?

  • @georgeyao436
    @georgeyao436 หลายเดือนก่อน +1

    Awesome. Inflation in reverse.

  • @DavidMorris-gg9lq
    @DavidMorris-gg9lq หลายเดือนก่อน +1

    The 'debt' can gets heavier and gets kicked less far down the road.

  • @chriseustace9734
    @chriseustace9734 หลายเดือนก่อน +1

    The eBay price for a 1913 silver 3d is gbp3 to 5 !!!

  • @NoroAmehr
    @NoroAmehr หลายเดือนก่อน +1

    Fukuyama said Russian civillians must now feel the heat, which says a lot about the Japanese-US monetary desperation.

  • @JM-si8xr
    @JM-si8xr หลายเดือนก่อน +1

    How much in grams is one pound Sterling Silver? An avoirdupois pound is 453 grams but silver is weighed in troy ounces which is 373 grams. So if a British Sovereign is equal to a pound Sterling Silver then about 1/4 of an ounce of gold is equal to about 12 ounces of silver? Something doesn't seem correct.

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน +1

      You are correct. There are 12 troy ounces in a troy pound. The established gold-to-silver ratio, was originally 1:12.55 in England and 1:11 in Europe.
      After decoupling the ratio has moved to the current ratio of around 83 ounces of silver to an ounce of gold.
      The pound sterling, denoted by £, originated during the Anglo-Saxon period and was initially equivalent to a pound weight of sterling silver. By the 19th century, the value of this pound of silver had shifted due to various economic factors, including the introduction of the gold standard, which formalized the value of the pound in terms of gold rather than silver. Under this system, the £1 sovereign's value was linked directly to a specific weight of gold, thus decoupling it from silver. The current ratio is around 83 to 1 making silver seem under-valued relative to gold.

  • @chriseustace9734
    @chriseustace9734 หลายเดือนก่อน +1

    The French call cash Argent which of course is Silver !

  • @vivb.7161
    @vivb.7161 หลายเดือนก่อน +1

    Mario you forgot to add needing a time machine in your title.

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน

      You dont need a time machine. just a sovereign.

  • @anylewynde5173
    @anylewynde5173 หลายเดือนก่อน +1

    Clive be stylin'
    .. Sporting them baby blue headphones
    Fab show, yet again - Ta gents!

  • @AlexanderRabe-m2h
    @AlexanderRabe-m2h หลายเดือนก่อน +2

    "And I say unto you: Love your enemies, bless them who curse you.
    For if you only love those who love you, what reward shall you have?"
    J.C.

  • @vivb.7161
    @vivb.7161 หลายเดือนก่อน +1

    Only in the UK would they have an app that can find beer pints prices lol

  • @ddprepper5227
    @ddprepper5227 หลายเดือนก่อน +1

    TGIF 👍👍👍👍👍👍👍👍 thanks for another great report 🤠👍😊🎉❤

  • @bigcarptackle
    @bigcarptackle หลายเดือนก่อน +1

    Great analysis everyone can relate to🍻Even though I’m in Texas I do thoroughly enjoy the English pubs. Bitcoin $65,600 🍊💊 choose wisely. 😎 Thanks Gents and have a good weekend.

  • @bobnankervis9722
    @bobnankervis9722 หลายเดือนก่อน +2

    None of this Carry Trade stuff sounds like 'investing' to me. Seems to sound more like 'speculating' or, more accurately, 'gambling'. What am I missing?

    • @MrDuncl
      @MrDuncl หลายเดือนก่อน

      What you are missing is that when it all goes pear shaped the investment banks get bailed out by central banks.
      Money Printer go brrr

    • @clivethompson-jc9my
      @clivethompson-jc9my หลายเดือนก่อน

      Yes its' speculating because you are long and short at the same time. Only hedge funds and banks do it.

    • @bobnankervis9722
      @bobnankervis9722 หลายเดือนก่อน

      ​@clivethompson-jc9my .....Thanks Clive, it makes sense now. You filled in the blanks for me 👍

  • @darylroughley2807
    @darylroughley2807 หลายเดือนก่อน +2

    Good evening gentlemen.

    • @maneco64
      @maneco64  หลายเดือนก่อน +1

      Hello there!

  • @davea9268
    @davea9268 หลายเดือนก่อน

    Hi Rudy

  • @shadowbanned4days
    @shadowbanned4days หลายเดือนก่อน +1

    Usa has the magic 🎩 . They can always pull a cat out of it. Maybe a war, zombie virus outbreak, directed energy weapon..never know 😅

  • @jasonwyman5096
    @jasonwyman5096 หลายเดือนก่อน +1

    richard from biringham 1 month away to stay with me he is the coolest person iv ever met

  • @Bigbushape
    @Bigbushape หลายเดือนก่อน +2

    yip ,😁😁love the title

  • @Eding4u
    @Eding4u หลายเดือนก่อน +2

    Where's Rafi ? I looked on twitter for his tweet about Israel banning gold ownership and he had disappeared?

    • @InsaneOrWhat
      @InsaneOrWhat หลายเดือนก่อน +3

      He said on the latest liberty and finance video that he needs a break from social media

    • @vivb.7161
      @vivb.7161 หลายเดือนก่อน

      He is still.posting videos

  • @HighlyInsulatedDummy
    @HighlyInsulatedDummy หลายเดือนก่อน +4

    I'll take mine in Troy pints please

  • @user-rj7mx5iy1w
    @user-rj7mx5iy1w หลายเดือนก่อน +1

    British Pound (because of losing value) to the British Ounce

  • @Clara-r7l
    @Clara-r7l หลายเดือนก่อน +5

    From $6K to $73K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

    • @Clara-r7l
      @Clara-r7l หลายเดือนก่อน

      It's Elizabeth Regina Nelsen doing she's changed my life. A BROKER- like her is what you need.

    • @Clara-r7l
      @Clara-r7l หลายเดือนก่อน

      Her top notch guidance and expertise on digital market changed the game for me.

    • @JessWilliam-e3v
      @JessWilliam-e3v หลายเดือนก่อน

      YES!!! that's exactly her name (Mrs Elizabeth Regina Nelsen) so many people have recommended highly about her and I'm just starting with her from Brisbane Australia🇦🇺

    • @StanRichard-w6i
      @StanRichard-w6i หลายเดือนก่อน

      Wow! Kind of in shock you mentioned expert, Elizabeth R Nelsen. What a coincidence!!

    • @JamieReeves-v9b
      @JamieReeves-v9b หลายเดือนก่อน

      After I raised up to $255k trading with her I bought a new House and a car here in the states 🇺🇲🇺🇲 also paid for my son's surgery (Oscar). Glory to God shalom.

  • @marjmassie1259
    @marjmassie1259 หลายเดือนก่อน +2

    Friyay!

  • @andreavandekleut6379
    @andreavandekleut6379 หลายเดือนก่อน +1

    IT's CLIVE DAY !!!

  • @leodf1
    @leodf1 หลายเดือนก่อน

    Monaco, can you get Andy Schectman on, please

  • @jamiepearce8489
    @jamiepearce8489 หลายเดือนก่อน +1

    Jamie sent a kangaroo to gold investments for Mario I hope it gets there ??