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IPFS News Link • Gold and Silver

Putting Global Debt Into Perspective - 13 Stunning Silver Stats

• http://www.zerohedge.com, by Tyler Durden

But, as Visual Capitalist's Jeff Desjardins notes, for the most part, common people in places like Ancient Rome used silver to buy daily staples like grain or wine. As a result, silver has a strong reputation through monetary history as the "people's money".

Even today, silver is still much more widely accessible. With one ounce of gold being 70x more expensive than an ounce of silver, it's difficult for someone who is just starting to accumulate wealth to own gold.

Visualizing Silver

What do savings and debt look like, using the "people's money"?

Below is everything from the average paycheck to global sovereign debt visualized as silver cubes.

1. A median U.S. family brings in $2,355 per pay period (semi-monthly) pre-tax.

2. However, the median American family only has about $5,000 of savings.

3. The standard silver delivery bar holds 1,000 oz of silver.


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