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RE: Life As A 14-Year-Old Crypto and Silver Investor!
Thanks for sharing and I liked this read! I have not thought to invest in physical metals yet. It would be nice to see some references or if you could expand on some of your ideas. For example, what makes you think that silver is currently undervalued? Cheers!
Thanks for responding! Silver is undervalued because the people running the market don't want it to have it's real value. The banksters and elites don't want the common people to have a currency that is worth more than the dollar. Also, silver can't be printed like paper money, it needs to be mined. So for the price it is now, it is cheap.
Cite us some sources to back up your argument for silver. ;)
does my common sense count?
Common sense is your commentary and adds personality and opinion to your post, which is good. What is common sense to you may not be common sense to someone else. Sources simply help to prove or illustrate your point. Citing credible sources will help attract more whales/dolphins to your posts and also with papers you'll be writing in high school.
Another thing: if you want to be a good writer, you have to read (books and articles you agree and disagree with) so you can write coherently, passionately, and respectfully, among other things.
O for chrissakes, give the kid a break -- he's 14! He writes better than i did when i was 20! And he is also correct in everything he says, or alludes to, in his article.
He's practising, talking the talk, and expressing some ideas. It's not up to him to provide you the exact details of the silver market, price manipulation, history, uses, global supply/demand fundamentals or anything else for that matter.
Holy hanna! This is a silver stacking post, leave the pedagogy at home.
Thanks for this reply. Just wish I could upvote it more than once.
@alex-icey is my son.
He's my son, but nice rant. Thanks, enjoyed reading it.
If I don't help him improve, who will? Certainly not you or any other stranger. I happened to be at work when I read his post and wanted to tell him those things. It's kind of my job first and foremost to be a parent!!!
Well that makes it a little different... however, if you are going to insist on exactitude then i wouldn't be complaining about his grammar with a run-on sentence :P
I bet you're an amazing mother -- your kid is proof -- and only want what is best for him. And i agree it is your job to be a parent first and foremost. Sometimes, though, that is best achieved by lettin' 'em have a lil room to flap their wings.
Best regards, @thedamus
There are lots of ways to set the real value of silver. The M2 money supply is only one of them. Here is a link: http://www.silverdoctors.com/silver/silver-news/real-value-of-gold-and-silver/
For a good overview of the ins and outs of silver manipulation: https://seekingalpha.com/article/4057035-part-2-silvers-price-manipulation
Gold and silver's prices are both determined by futures markets. In which the amount of contracts sold sell a certain amount of ounces that is more than the actual supply of gold and silver mined. So by selling more futures contracts it therefore shows that there is an abundant supply than there actually is, which therefore suppresses the price of precious metals.