Food for Thought..
The CNB published the inflation rate for October 2023..
This is not as interesting information as the fact that it rose again, up to 1.6%..
July - 8,8%
August - 8,5%
September - 6,9%
October - 8,5%
The average for the first 10 months is therefore 11.5%,
..so, if we wanted to drop below the proclaimed 10% to single-digit inflation, inflation would have to be below 2% for the current two months.. 👌
The result? The value of people's savings will fall by a further more than 10% in 2023..
And what about it?
Silver - very interesting information to think about..
The silver demand deficit from the two years 2021 and 2022 exceeded the cumulative surpluses from the previous ten years, i.e. from 2011 to 2020 inclusive..
What is likely to happen in the silver market and its price in the coming years?
Have a nice day 🌞🍀
Quiz question..
If you had to choose from these four options, what would it be??
- 80 €
- 90 USD
- 2000 CZK
- Three-ounce silver coin (93,3g)
A hint..
In 2015, you could buy 20 lunches for €80, USD 90, or CZK 2,000. In 2023, only around 12.
One three-ounce silver coin could also buy 20 lunches in 2015. And today? Still 20..
Do you know that..?
- 77% of the 786 currencies known to have existed since the 18th century have disappeared?
- Additionaly, 25 % of currenciesthat are no longer with us have disappeared due to hyperinflation..
- The lifespan of currencies is very fragmented:
- a large part of currencies are maintained for a short period of time, while others last for centuries
- The pound sterling is the oldest currency of all, reaching 329 years in 2023
- followed by US dolar, which is 231 years old
- The life of currencies has tended to increase since the end of the Second World War, mainly due to constant growth.
- In 2008, the lifetime of the currencies approximately 3 decades, i.e. cca 27 let
- Euro will be 22 years old in Janualry 2024
- Czech koruna 31 years old in February
And how long have gold and silver functioned as global currency? 6 thousand years and with no borders..
Do you also want to protect yourself against the next possible monetary reform? Do not hesitate to contact me..