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.
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.