I'm not saying silver is bad but a troy ounce now is worth a troy ounce then. Only thing changing is our volatile unit of measure. I'm more concerned with our decreasing buying power and stagnant wages.
Actually, that's not true. Silver is used in A LOT of industrial applications, and when it's used it's basically destroyed since it's not worth recovering. So for the last 70+years, silver has been mined at either break even or a deficit (in terms of supply and demand), meaning silver's value SHOULD have increased compared to what it was pre federal reserve. And by a rather large margin as well.
I'm not saying silver is bad but a troy ounce now is worth a troy ounce then. Only thing changing is our volatile unit of measure. I'm more concerned with our decreasing buying power and stagnant wages.
Actually, that's not true. Silver is used in A LOT of industrial applications, and when it's used it's basically destroyed since it's not worth recovering. So for the last 70+years, silver has been mined at either break even or a deficit (in terms of supply and demand), meaning silver's value SHOULD have increased compared to what it was pre federal reserve. And by a rather large margin as well.
Good point. I hadnt realized that.