The Perth Mint Certificate Programme is a great way to invest in silver. Low premiums over spot, no delivery costs and no storage costs. Its rate AAA by S&P, is over 100 years old and is backed by the West Australian Govt.

While that ‘one dollar’ factiod looks good on paper, there is a major problem with the logic behind it. Namely, IN 1801 THE US WAS STILL ON THE GOLD STANDARD.

So therefore the gold price did not fluctuate. It was directly tied to the dollar. Which means it was not possible to make any profit out of it – until the gold standard was dropped. So redo your figures from 1931 and they will make some sense.