I love seeing libtards post how we’ve lost 10% of the dollar since Trump came into office….we’ve lost 96% of the dollar since 1913!!!!! HOLD THE LINE FRENS
Way more important reasons than that - The silver/gold ratio is as high as it ever was. Silver has lots of industrial value that pulls it out of the supply.
A lot lot more, I'm not able to dig up my Yamana Gold cost basis pre-buyout, but the post buyout AEM and PAAS shares I received are up 250% and 124% from mid ~2022.
The ratio of silver byproduct when mining gold is not fixed and varies significantly depending on the specific ore body and mining operation. However, silver is commonly produced as a byproduct during gold mining, with the amount recovered depending on the concentration of silver in the gold ore. The mining ratio, which represents the number of ounces of silver mined for every ounce of gold mined, is currently estimated to be around 8. This means that for every ounce of gold extracted, approximately 8 ounces of silver are recovered as a byproduct. This byproduct relationship is a key factor in the global silver supply, as a significant portion of silver production—around 72%—comes from the mining of other metals like gold, copper, lead, and zinc.
The historical gold-to-silver ratio, which measures how many ounces of silver are needed to buy one ounce of gold, has varied significantly over time. In ancient times, the ratio was much lower; for example, it was as low as 2.5 in Ancient Egypt around 3200 BCE and was set at 12 by the Roman Empire. The ratio remained relatively stable around 15 for much of history, with the U.S. government fixing it at 15 in 1792 through the Coinage Act. Over the 20th century, the average ratio was 47, while in the 21st century it has generally ranged between 50 and 70, though it has spiked higher during periods of economic stress. The ratio reached a peak of 97.5 in 1991 and climbed to over 114 in April 2020 during the COVID-19 pandemic, reflecting gold's stronger safe-haven appeal compared to silver. The long-term average since 1869 is around 65, with some estimates suggesting a historical average of 27.28 over 324 years, indicating that silver has often been relatively more abundant and less valuable than gold.
Some analysts argue that the ratio should be around 16,based on the estimated abundance of silver in the Earth’s crust, which is thought to be approximately 16 times greater than gold. Others suggest the ratio could be even lower due to the significantly higher industrial demand for silver, which results in more silver being mined annually compared to gold. This industrial demand can cause silver to be undervalued relative to gold, especially during periods of economic stress when gold is sought as a safe-haven asset.
Silver prices rose to $50 an ounce in 1980. By 1982, silver crashed back to earth at $4.60 an ounce. I would not recommend putting all your capital in silver because silver is volatile. Unlike Gold, which is traded by major banks, silver is not.
While I won't disagree on the "don't put all your eggs in one basket" sentiment, 1980 is a bad example, because that was 3 brothers attempting to corner the market, and the price fall was because they failed to do so and were force liquidated.
'11 is a much better example because it wasn't just 3 guys swinging their dick in a small market.
I can't wait for it to hit triple digits ;)
You spelled quadruple wrong, fren😉
u/#SmirkingTrump
I like the way you think fren.
add one more
I guess I'd be okay with that. 🙂
I love seeing libtards post how we’ve lost 10% of the dollar since Trump came into office….we’ve lost 96% of the dollar since 1913!!!!! HOLD THE LINE FRENS
Ive seen elsewhere it said the dollar is only worth 2 cents compared to its fiat inception.
https://usdebtclock.org/ is claiming roughly 4 cents....bottom right screen
My grandfather told me when he was 21 in 1962 he made “only” $120/week. That’s equivalent to almost $1300 today…
No it’s not.
They don’t publish inflation. They publish CPI.
The $120 was in silver quarters.
As of today, $1 FV is $41.34
120 * 41.34 = $4,960
A WEEK. nearly $20,000 a month, or $240,000 a year.
“Why can’t kids these days pay their way through college working part time like I did?”
It’s not gonna be a 1:1 correlation in terms of purchasing power, but that’s still a huge numeric difference between what they claim and reality.
True I forgot to segue into that fact was tappin fast, tks fern.
partial
Hold the line and the bullion
The crimex has it at 51.25 . They are nothing but criminals, for the big banks .
You will pay almost 5 50 an oz for double eagles.
u/#ToTheMoon u/#pepepopcorn
A lot of people have finally waked up to the fact that gold has become Unaffordium, and silver is a precious metal, too.
It's good news for those of us who've been stacking silver for a long time, but not so good for anyone who wants to buy more.
Way more important reasons than that - The silver/gold ratio is as high as it ever was. Silver has lots of industrial value that pulls it out of the supply.
It's going to go up higher much higher.
Physical Silver demand is outstripping supply.
I loaded up on Hecla calls yesterday. It was a tough call
Backwardation was disappearing yesterday,late in the day it was only .60 Now it about 1.50
Don't care not selling. Trying to buy more, silver is still cheap.
Adjusted for inflation from the last high, silver should be atv $200 an ounce.
BURGER BARN!!!
u/#tothemoon
...backwardation = WOTD
Silver is good. Silver stocks likely have more upside.
A lot lot more, I'm not able to dig up my Yamana Gold cost basis pre-buyout, but the post buyout AEM and PAAS shares I received are up 250% and 124% from mid ~2022.
Considering where gold is, I see the sliver prices rising higher yet...
My name isssss Jeeeyyyfffffff…
wish /Silverbugs was active
From Brave AI…
The ratio of silver byproduct when mining gold is not fixed and varies significantly depending on the specific ore body and mining operation. However, silver is commonly produced as a byproduct during gold mining, with the amount recovered depending on the concentration of silver in the gold ore. The mining ratio, which represents the number of ounces of silver mined for every ounce of gold mined, is currently estimated to be around 8. This means that for every ounce of gold extracted, approximately 8 ounces of silver are recovered as a byproduct. This byproduct relationship is a key factor in the global silver supply, as a significant portion of silver production—around 72%—comes from the mining of other metals like gold, copper, lead, and zinc.
The historical gold-to-silver ratio, which measures how many ounces of silver are needed to buy one ounce of gold, has varied significantly over time. In ancient times, the ratio was much lower; for example, it was as low as 2.5 in Ancient Egypt around 3200 BCE and was set at 12 by the Roman Empire. The ratio remained relatively stable around 15 for much of history, with the U.S. government fixing it at 15 in 1792 through the Coinage Act. Over the 20th century, the average ratio was 47, while in the 21st century it has generally ranged between 50 and 70, though it has spiked higher during periods of economic stress. The ratio reached a peak of 97.5 in 1991 and climbed to over 114 in April 2020 during the COVID-19 pandemic, reflecting gold's stronger safe-haven appeal compared to silver. The long-term average since 1869 is around 65, with some estimates suggesting a historical average of 27.28 over 324 years, indicating that silver has often been relatively more abundant and less valuable than gold.
Some analysts argue that the ratio should be around 16,based on the estimated abundance of silver in the Earth’s crust, which is thought to be approximately 16 times greater than gold. Others suggest the ratio could be even lower due to the significantly higher industrial demand for silver, which results in more silver being mined annually compared to gold. This industrial demand can cause silver to be undervalued relative to gold, especially during periods of economic stress when gold is sought as a safe-haven asset.
Drove by a couple places today—LCS/Bullion. Both closed. I am not selling or trying to. Was wanting to buy in person.
Wonder if they are out of money or tired of saying no to the silverware from the grandparents?
Id say be happy you preserved some of you money. A 90% silver dime is almost 4 bucks now.
Silver prices rose to $50 an ounce in 1980. By 1982, silver crashed back to earth at $4.60 an ounce. I would not recommend putting all your capital in silver because silver is volatile. Unlike Gold, which is traded by major banks, silver is not.
While I won't disagree on the "don't put all your eggs in one basket" sentiment, 1980 is a bad example, because that was 3 brothers attempting to corner the market, and the price fall was because they failed to do so and were force liquidated.
'11 is a much better example because it wasn't just 3 guys swinging their dick in a small market.