When a man walks up to you after a free society’s economy collapses and offers you gold for your food and ammo...then you will find out Gold and Silver values are based ENTIRELY on the ridiculous value humans give them, and not what they would naturally achieve in a free market due to their material use or quantity.
Gold and silver are backed by human feelings friend. How many years was it 12-1 gold to silver ratio. Decades. Only to have gold shoot through the roof, with silver staying low for YEARS, then adjusted when they want to play money games.
Aside from a few important applications, the worth of gold and silver is what the money changers of your society as a whole say, not a natural process. Don’t trust them.
As an example, a $20 gold piece would buy you a really nice suit of clothes 100 years ago. Today, the dollar value of that same ounce of gold can buy you a really nice suit of clothes. So gold is basically worth the same now as then.
It's the same, approximately, with silver. Back in 1960, I could take a silver dime, go to the corner store, and buy a loaf of bread. Today, you can take the spot value of that amount of silver and still buy a loaf of bread. So, in spite of manipulations, silver is still worth about the same as it was 60 years ago.
It doesn't matter at all what the "money changers of your society" do with the dollar value of gold and silver. All they are doing is changing the real value of the paper. The metals don't change their value much at all over the long term.
People need to quit focusing on the "price" of silver and gold. The only real relevance right now is that silver is very underpriced right now, so we have a good buying opportunity. There is too much paper pretend silver. That will change someday, so take the opportunity to buy silver while it's "on sale."
The real value of silver compared to gold will continue to rise, because we are actually using up silver in products that we can't recover the silver from. On the other hand, most of the gold ever mined in history is still around in bars, coins, jewelry, etc.
When a man walks up to you after a free society’s economy collapses and offers you gold for your food and ammo...then you will find out Gold and Silver values are based ENTIRELY on the ridiculous value humans give them, and not what they would naturally achieve in a free market due to their material use or quantity.
Gold and silver are backed by human feelings friend. How many years was it 12-1 gold to silver ratio. Decades. Only to have gold shoot through the roof, with silver staying low for YEARS, then adjusted when they want to play money games.
Aside from a few important applications, the worth of gold and silver is what the money changers of your society as a whole say, not a natural process. Don’t trust them.
I'm talking really long term.
As an example, a $20 gold piece would buy you a really nice suit of clothes 100 years ago. Today, the dollar value of that same ounce of gold can buy you a really nice suit of clothes. So gold is basically worth the same now as then.
It's the same, approximately, with silver. Back in 1960, I could take a silver dime, go to the corner store, and buy a loaf of bread. Today, you can take the spot value of that amount of silver and still buy a loaf of bread. So, in spite of manipulations, silver is still worth about the same as it was 60 years ago.
It doesn't matter at all what the "money changers of your society" do with the dollar value of gold and silver. All they are doing is changing the real value of the paper. The metals don't change their value much at all over the long term.
People need to quit focusing on the "price" of silver and gold. The only real relevance right now is that silver is very underpriced right now, so we have a good buying opportunity. There is too much paper pretend silver. That will change someday, so take the opportunity to buy silver while it's "on sale."
The real value of silver compared to gold will continue to rise, because we are actually using up silver in products that we can't recover the silver from. On the other hand, most of the gold ever mined in history is still around in bars, coins, jewelry, etc.