One ounce of silver just hit a new all-time high of $79. It can now buy 1.4 barrels of oil ($56/barrel). 1.4 barrels of oil is equivalent to 2,380 kWh of energy. Roughly the annual electricity use of one and a half small apartments in a developing country. Aka the energy equivalent of 5.6 years of continuous human labor. Hard money is stored energy.


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