The Great Silver Market Myth!
(youtu.be)
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There will come a time when we won't be able to "buy" money [Silver and Gold]. We will need to work for it or trade our possessions for it.
Get it while you still can.
I think a lot of people are confused about the purpose of stacking, they seem to conflate it with market speculation (profit/loss -buy/sell etc.) when its true value is in being a hedge against hyperinflation, especially if you have debts.
Personally I have about $300k debt as a mortgage, nothing else. If the fiat currency suffers a hyperinflation even, things that are actually valuable (such as PM's) retain their value, but the currency is devalued.
This leads to the appearance of the price of PM's going up - so in reality it's a store of wealth that doesn't change much, even when fiat currencies collapse.
However, it really comes into its own when you owe a debt (based on fiat currency) for a tangible asset, such as land/property. Suddenly you can pay off that debt with the inflated currency price, leaving you with another store of value that doesn't just dissipate.
A lot of people confuse money with currency and are conditioned to chase paper dollars not realizing that "Money is Gold, nothing else."
Well said.
Silver has lost 1/3 of its value over the past year as inflation has gone way up.
Doesn’t seem like much of an inflation hedge to me?
Paper silver has
Physical silver has not
Thank you, I missed that.
People confuse value vs price
The price of silver goes up because the value of the paper currency goes down.
Metals are basically like insurance for when the fiat paper returns to zero
In 1964, a silver quarter bought a gallon of gas
That same silver quarter still buys a gallon of gas
Like everything else, the silver price is supressed by the owners of the central banks but they will not be able to keep it down forever.