DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - My Last Forecast on Silver and Gold Prices

**vasyasvc** · 06-26-2012, 07:47 PM

Please give us an example. For instance, how do you price a new television in metals?

The price tag says $500, but I see it as about 1/3 of an ounce of gold or 18 oz. silver.

Yes, but you do that by comparing the paper price of a TV to the paper price of metals. You don't have any other way to gauge that a TV is "worth" 18 ounces. Right?

If the paper price of silver doubles next week, there's no way that you'd still be willing to exchange 18 ounces of silver for the TV. You'd want two TV's.

06-26-2012, 07:47 PM	#23
vasyasvc Join Date Oct 2005 Posts 521 Senior Member	Please give us an example. For instance, how do you price a new television in metals? The price tag says $500, but I see it as about 1/3 of an ounce of gold or 18 oz. silver. Yes, but you do that by comparing the paper price of a TV to the paper price of metals. You don't have any other way to gauge that a TV is "worth" 18 ounces. Right? If the paper price of silver doubles next week, there's no way that you'd still be willing to exchange 18 ounces of silver for the TV. You'd want two TV's.
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