Market Curiosity: Exploring Markets And Systems

December 30, 2010

Silver verses food

Filed under: Systems — Tags: , , , — Jeff Fitzmyers @ 10:56 pm

As people start to become aware of possible economic issues from the currency dying many have discussions of “buy food — you can’t eat silver”, or “buy silver — if you can’t buy food with it, you can steal the food!”. How about both?

Silver and gold are just stored calories with a very long shelf life. They make it so we don’t have to have the timing perfect, and so we can move a lot of calories in a small volume.

We can buy almost 60% more pinto beans than 4 months ago.

There are only 45 million available silver ounces in the COMEX. There are about 300 million people in the US and most have at least a few beans in the cupboard corner. Beans are easy to grow. Mining isn’t easy and most silver is a byproduct of other mining.

If we are not in the stone age, there will be a market for stored calories. Who wants to risk starving before a Spring? That is a main purpose of a market and of a futures market.

Leave a Comment »

No comments yet.

RSS feed for comments on this post.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Blog at

%d bloggers like this: