Yeah it's neat actually. The value of all commodities are pegged to the U.S. dollar. If you see the value of the cryptos , gold, silver etc go up, it really means that the value of the dollar has gone down. So even though the price is higher, silver etc still retains the same value. For example, an ounce of gold in 1930 has the same value as an ounce of gold today....the price difference from 1930 to now, is due to the fact that the dollar has lost 97% of its value since 1913 due to inflation. This brings up another interesting point....silver is trading around $16. Based on what I have just told you the inflationary value of silver means that it should be worth $1000 dollars today. So why is it only $16? The U.S. Govt has been suppressing the price for the last 50 years, because gold and silver are an indicator of economic health. If they let gold sell at it's true value of $6000 an ounce, there would be economic panic and the economy would collapse. So all the big banks in the world, along with their Govt's keep the price artificially low. My advise is to buy physical silver before the govt's lose control (another interesting conversation) and the prices go way up. Spend some time on you tube listening to Bix Weir, Clif High and Bo Polny.....you will find this discussion fascinating!! And you could make a lot of money if silver goes from $16 to $1000/ounce...............
Yeah it's neat actually. The value of all commodities are pegged to the U.S. dollar. If you see the value of the cryptos , gold, silver etc go up, it really means that the value of the dollar has gone down. So even though the price is higher, silver etc still retains the same value. For example, an ounce of gold in 1930 has the same value as an ounce of gold today....the price difference from 1930 to now, is due to the fact that the dollar has lost 97% of its value since 1913 due to inflation. This brings up another interesting point....silver is trading around $16. Based on what I have just told you the inflationary value of silver means that it should be worth $1000 dollars today. So why is it only $16? The U.S. Govt has been suppressing the price for the last 50 years, because gold and silver are an indicator of economic health. If they let gold sell at it's true value of $6000 an ounce, there would be economic panic and the economy would collapse. So all the big banks in the world, along with their Govt's keep the price artificially low. My advise is to buy physical silver before the govt's lose control (another interesting conversation) and the prices go way up. Spend some time on you tube listening to Bix Weir, Clif High and Bo Polny.....you will find this discussion fascinating!! And you could make a lot of money if silver goes from $16 to $1000/ounce...............