What is the return?

 

How much silver today can a Australian Days Wages by.

In September 2024 Australian Silver from the Perth mint was $56.00 an ounce. Plus postage and Insurance.

Australian Average Wage in 2024 was $89,000 or $342.00 per day on a 5 day working week.

Wages divided by silver price = amount

($342.00 / $56.00) = 6.11 ounces less postage and insurance.

Therefore working 1 day can buy you 6 ounces of silver in September 2024.

Post 3rd quarter 2029

Greg’s M’s silver price in AUD is $790.00 (GSR /15) approximately. Divide this by the Australia Average Daily wage of $342.00 August 2024 5 day week average wage.

Post August 2029 silver price $790 divide by Australian Average 5 days week wage of $342.00.

($790.00 / $342) = 2.31 days.  This is good you now have to work 2.31 days to buy just one ounce of silver. That is currency appreciation.

OR

it is devaluation or your time.

Instead of working 1 day to buy 6 ounces of silver you now have to work 2.31 days not including tax to buy one ounce of silver.  Depends on your point of view whether this is good or bad…

That is time deflation

and

That is currency inflation!

 

Return on Silver then is:

Based on Greg M’s GSR of 15/1

Current Price of Silver $56.00 AUD

Future price estimated $790.00 AUD

($790.00 / $56) = 14.11 times or 1,411.00%

Pretty good. But what if the GSR is only 25/1 and the price of Silver only goes up to $320.00 USD or $474.00 AUD.

Current Price of Silver $56.00 AUD

Future price estimated $474.00 AUD

($474/ $56) = 8.64 times or 864%

That looks more reasonable and is more inline with the increase with Gold being 320%.

We will use 864% or 8.64 times and if you get better than that in the future you will not be disappointed.

At any rate the potential returns on silver are between 864% to 1,411%.