It doesn't matter what the "prices and exchange rates" are. Gold and silver are actual real money. They don't change in real value, except for silver getting slightly rarer.
60+ years ago, you could take a silver dime to the store and buy a loaf of bread. Today, you can take the current dollar value of that silver dime and still buy a loaf of bread. In other words an ounce of silver is worth 10 loaves of bread.
100 years ago, you could take a $20 gold piece (an ounce) and buy a really nice suit of clothes. Today, you can take the current dollar value of an ounce of gold and still buy a really nice suit of clothes.
Gold and silver are still worth about the same now as years ago. The fact that we have entirely new categories of products to buy obscures that a bit.
The main reason to buy gold and silver is as a store of value. After you've bought all your prepper supplies, if you've got a good bit of money left over, spend it on gold and silver. If everything goes to crap, you will have some wealth after things recover and return to some kind of normal.
When Nixon removed us from the gold standard, he put a wage and price freeze into effect to delay the resulting inflation. The inflation really kicked in during Carter's administration. When wages and prices started to zoom up, of course the dollar value compared to gold and silver went down. It's simple supply and demand. Our dollar is nearly worthless compared to what it was in 1913.
It doesn't matter what the "prices and exchange rates" are. Gold and silver are actual real money. They don't change in real value, except for silver getting slightly rarer.
60+ years ago, you could take a silver dime to the store and buy a loaf of bread. Today, you can take the current dollar value of that silver dime and still buy a loaf of bread. In other words an ounce of silver is worth 10 loaves of bread.
100 years ago, you could take a $20 gold piece (an ounce) and buy a really nice suit of clothes. Today, you can take the current dollar value of an ounce of gold and still buy a really nice suit of clothes.
Gold and silver are still worth about the same now as years ago. The fact that we have entirely new categories of products to buy obscures that a bit.
The main reason to buy gold and silver is as a store of value. After you've bought all your prepper supplies, if you've got a good bit of money left over, spend it on gold and silver. If everything goes to crap, you will have some wealth after things recover and return to some kind of normal.
When Nixon removed us from the gold standard, he put a wage and price freeze into effect to delay the resulting inflation. The inflation really kicked in during Carter's administration. When wages and prices started to zoom up, of course the dollar value compared to gold and silver went down. It's simple supply and demand. Our dollar is nearly worthless compared to what it was in 1913.