Silver Mines secures $20m investment from Lundin, Rule-led fund
The company's flagship project hosts the largest known undeveloped silver resource in Australia.
For those who believe crippling inflation is just around the corner due to reckless money printing, Casey Research has put together a table to help people budget for how much gold and silver they will need when paper currency no longer works.
It’s simply a matter of setting your current monthly budget, a timeline on how long the crisis will last and then converting to gold.
Casey Research starts with the assumption that gold will be at $1,600/oz. So to maintain two years of monthly expenses at $2,000, the investor will need to salt away 15 ounces of gold.
Of course people can take the silver route but they will need a lot more room to store it. In the same scenario above an individual would need to find space for 1,285.6/oz of silver based on price of $28/oz.
Just remember, says the author, that the day of reckoning will come:
If price inflation someday takes off – an outcome we see no way around – no one’s current standard of living can be maintained without an extremely effective plan for keeping up with inflation.
I’m not talking science fiction here. When the consequences of runaway debt, out-of-control deficit spending, and money-printing schemes come home to roost, it’s not exactly a stretch to believe that high inflation will result. We need a way to diffuse the impact this will have on our purchasing power. We need a strategy to protect our standard of living.
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