There are very few people in the world for whom that is true. Silver and gold have had value for the majority of the planet for all of history.
In addition to their inherent beauty, they are used for both jewelry and technology. They have physical properties that are irreplaceable. Their value is based on chemistry, not on perception. Every person who uses a cell phone, the internet, watches TV, doesn't live on top of a mountain and eat snow, values silver, even if they don't know it.
Under the original precious metals standard, both gold and silver backed the dollar. This will almost certainly be the case going forward, as it was for thousands of years of human history with the historical records showing silver:gold being about 10:1 in value for all of time (similar to the total amount mined of each).
In the current market, the real value of silver relative to gold is much greater than its market value. The bankers have been using the silver/gold ratio as the primary market manipulator since 1870(ish). It was then that they began forcing the silver backing out to increase their wealth. The bankers held most of the gold, and the silver was what people actually used. By separating them in the currency they were able to increase gold relative to silver thereby increasing their holdings while simultaneously decreasing the wealth of the population. This was the beginning of the "1%" movement.
Silver and gold are intimately tied. Assuming we win this war, we will almost certainly have a Precious Metals standard, not a gold standard.
Depends on what this new dollar is worth. It could go down if the new dollar is = 10,000 current dollars. But this is whats happening. 100 years ago 2 gold coins bought you a healthy horse, 2 gold coins 100 years ago were worth $50. Now to buy a healthy horse will cost you around $3,000 which is still 2 gold coins. The value of a horse and the value of the gold coin didnt change in terms of each other, but their value in fiat currency has hyperinflated due to the stealth tax called inflation.
Technically the value of everything derives on the vale we place on it. Silver and gold is worth 0 to some people.
There are very few people in the world for whom that is true. Silver and gold have had value for the majority of the planet for all of history.
In addition to their inherent beauty, they are used for both jewelry and technology. They have physical properties that are irreplaceable. Their value is based on chemistry, not on perception. Every person who uses a cell phone, the internet, watches TV, doesn't live on top of a mountain and eat snow, values silver, even if they don't know it.
This is a good take. What people should really be baffled by is the fact that fiat can even still buy silver/gold.
KEK!!
Under the original precious metals standard, both gold and silver backed the dollar. This will almost certainly be the case going forward, as it was for thousands of years of human history with the historical records showing silver:gold being about 10:1 in value for all of time (similar to the total amount mined of each).
In the current market, the real value of silver relative to gold is much greater than its market value. The bankers have been using the silver/gold ratio as the primary market manipulator since 1870(ish). It was then that they began forcing the silver backing out to increase their wealth. The bankers held most of the gold, and the silver was what people actually used. By separating them in the currency they were able to increase gold relative to silver thereby increasing their holdings while simultaneously decreasing the wealth of the population. This was the beginning of the "1%" movement.
Silver and gold are intimately tied. Assuming we win this war, we will almost certainly have a Precious Metals standard, not a gold standard.
Depends on what this new dollar is worth. It could go down if the new dollar is = 10,000 current dollars. But this is whats happening. 100 years ago 2 gold coins bought you a healthy horse, 2 gold coins 100 years ago were worth $50. Now to buy a healthy horse will cost you around $3,000 which is still 2 gold coins. The value of a horse and the value of the gold coin didnt change in terms of each other, but their value in fiat currency has hyperinflated due to the stealth tax called inflation.