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.
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.