Every recent squeeze on silver is stopped by a giant leap in crypto. People immediately stop buying physical assets and dump their money into digital pretend money. It also happened with gme. I have never seems such a push into crypto as when game stonk was exploding.
Two questions, please: Why is everyone talking about silver (and not gold) - and should I get into silver big, or is there no point since it's being manipulated as you say?
Silver is underpriced relative to gold. If we go to buying and selling with metals, silver is better for buying and selling less expensive items. For example, a silver dime is worth about the same as a loaf of bread. Gold is better for more expensive items, such as cattle, autos, or property.
The manipulation is a good thing for those of us buying silver, as it keeps the price lower than it ought to be. That means we can buy more.
If you have $1,000 to spend, you can get a lot of silver, but not even an ounce of gold.
Every recent squeeze on silver is stopped by a giant leap in crypto. People immediately stop buying physical assets and dump their money into digital pretend money. It also happened with gme. I have never seems such a push into crypto as when game stonk was exploding.
Two questions, please: Why is everyone talking about silver (and not gold) - and should I get into silver big, or is there no point since it's being manipulated as you say?
Silver is underpriced relative to gold. If we go to buying and selling with metals, silver is better for buying and selling less expensive items. For example, a silver dime is worth about the same as a loaf of bread. Gold is better for more expensive items, such as cattle, autos, or property.
The manipulation is a good thing for those of us buying silver, as it keeps the price lower than it ought to be. That means we can buy more.
If you have $1,000 to spend, you can get a lot of silver, but not even an ounce of gold.
Interesting, thanks!