I have been investing in silver since 2008, but I don't think the outlook is going to be as rosy. It is definitely undervalued and artificially suppressed, and to a greater degree compared to gold, but my hang ups are that central banks don't own any. It's gold that is going to be revalued when credit collapses, and silver could still be cheap at that point for how important it is for industrial use.
The dollar will hyperinflate and Gold and Silver will be used as money again. The "price" of Silver will be irrelevant. People are conditioned to think of value in dollars but the dollar is dying. All that matters is if you have Gold and Silver or not. IMO.
I have been investing in silver since 2008, but I don't think the outlook is going to be as rosy. It is definitely undervalued and artificially suppressed, and to a greater degree compared to gold, but my hang ups are that central banks don't own any. It's gold that is going to be revalued when credit collapses, and silver could still be cheap at that point for how important it is for industrial use.
Central banks are going away. They won’t be calling any shots anymore.
“What is money” can only be answered by the market. Not by any top down dictat.
I think silver will out perform gold since the ratio is so skewed at present, about 84 to 1 i think, and will need to correct to its natural 13 to 1.
current price times 6. => 130 dollars there about and then some to undo the price gauging of the last 51 years ....@10% a year ....compounded.
The dollar will hyperinflate and Gold and Silver will be used as money again. The "price" of Silver will be irrelevant. People are conditioned to think of value in dollars but the dollar is dying. All that matters is if you have Gold and Silver or not. IMO.
Looking forward to buying up the country with you, fellow ape.