13 Stunning Visualizations of Silver Put Global Debt Into Perspective

Posted | 18/03/2017 / Views | 1538
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Although gold has a bigger reputation today as a monetary metal, it was often deemed too valuable for everyday transactions throughout history.

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.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

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

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

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

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

4. Average household debt is $98,312, with mortgage debt being the primary component.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

5. A Lamborghini worth over $400,000 needs a silver cube with 16-inch (0.4m) sides.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

6. Using a silver price of about $18/oz, here’s what $1 million looks like.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

7. Every day, the world’s mines produce about 75 tonnes of silver, worth over $44 million.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

8. Silver Eagle sales have jumped considerably since the Financial Crisis.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

9. When the Hunt Brothers tried to corner the silver market, they hoarded 200 million oz.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

10. Today, almost 900 million oz of silver is mined each year.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

11. JP Morgan’s market capitalization, in comparison to previous cubes.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

12. All silver ever mined would not compare to the Fed’s balance sheet, which is now $4.5 trillion.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

13. Global sovereign debt is 13X bigger than all previous cubes combined.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective


By Jeff Desjardins
money.visualcapitalist.com