Silver and gold will have its 2017 crypto moment, mark my words. i shilled silver when it hits its low of 13.90 and you didn't listen. $580 EOY
Silver and gold will have its 2017 crypto moment, mark my words. i shilled silver when it hits its low of 13...
Tyler Phillips
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Jayden Allen
Checkd. Also, not a fucking chance that will happen you mongrel
Jace Peterson
The one thing silver bugs don’t understand is that those ratios don’t mean shit anymore. That was before quantitative easing and the value of the dollar dropping to complete shit. It doesn’t mean silver will go up to compensate. You could make all sorts of wild correlations similar to that infographic
Grayson Collins
This.
One nice house will always be worth 225-290 ozt of gold.
A suit, belt, and shoes will always be worth 1 ozt of gold.
A week's worth of groceries will always be 7 ozt of silver.
Of course the prices are rising compared to USD, because the purchasing power of USD is falling.
Ayden Wilson
How much will smartphone prices be if Gold and Silver increase in price?
Blake Walker
Silver doesnt go up in price like a stock. A silver ounce just sits there...its savings....its wealth...its real money.
Silver at $580/oz means a paradigm shift has happened or a currency reset or gold revaluation. Which means a deflationary collapse of all asset prices.
This is why 1 single ounce of silver in venezuela will get you 3-4 months of food on the black market. Even tho the dollar value of that silver ounce is only 15$. And 15$ barely buys you lunch at jimmy johns.
Silver at 580$/oz means that a current median priced home in america that is 175k right now will be maybe 25K or so after the deflationary collapase.
Silver at $580 an ounce means that your net worth in dollars got a huge haircut and prices collapse a bunch too.
Think about it.....if you have 100k worth of silver...and we have reset you aren't going to just be swimming along paying your mortgage and buying groceries and maintaining your lifestyle while everything is melting down in society with 6$ gas and 10$ milk.
When the reset happens and you have silver and gold that is the time to buy land, businesses, apartment complexes for literal pennies on the dollars for what it cost to get that silver in the fiat paradigm
Owen White
Read my post above. This isn't true because they are so over leveraged in debt and paper gold and silver futures contracts not tied to real metal that the slingshot to the other side will be massive.
Remember the old story of the hotel belch in weimar germany who had a measly 25 ounces of gold saved up which isn't that much....and was able to buy an entire city block after hyperinflation.
Camden Garcia
Even just 500 ounces of silver will be generataional type wealth. Remember for most of human history and even in America 200 years ago and even in much of underdeveloped world today the equivalent of 1 days wage was a silver piece the size of a silver dime.
14 silver dimes are in 1 ounce of silver. 500 ounces of silver is historically 20 years worth of days wages. And it will actually probably be 2x-3x that when the reset happens because there are billions more people on the planet and much less silver available.
Some fat dumbshit today selling insurance providing no real value for society earning 200$ a day.....if he converted that daily wage to silver he'd ha have like 14 ounces of silver per day. That flies in the face of all economic historical reality.
Josiah Hall
Already stacking, thanks bud. I think crypto will outperform silver but it's good to spread your bets. 50 is probably more realistic depending on how fast the banks fall.
Michael Edwards
Do you really think the USD will hyperinflate though? Even in 2008 it was only +200% to the price of gold. It was certainly a big jump but not nearly as crazy as Venezuela or Bolivia.
Also, buying wartorn Detroit is one thing, where a building and lot is only 1 ozt of gold. Buying Miami Beach is apple and oranges.
Minimum wage before the Fed was ~$1.25 / hour. That's 5 quarters or about $17 in silver currently, approximately 1 ozt. 500 ozt is not "generational" but represents about 3 months of menial job labor.
Dylan Wood
You dont get it. It isn't about OUTPERFORMING. A silver ounce 900 years ago is still a silver ounce today. Doesn't matter if crypto, the stock market and USD exist or not.
I dont know how you people dont understand this.
If you make a million dollars from crypto.....and then fiat hyper inflates....that million dollars wont buy you shit. But if you put some of your gains or some of your current net worth into gold and silver you will MAKE IT after the reset.
I own gold and silver and i personally WANT silver to go back down to 5$ and I WANT gold to go back down to $250. Why do I want this? Because that would mean our govt isn't out of control anymore and our economy would be healthy, and a strong healthy economy means prices would drop too....So in real terms I wouldn't even lose with gold at $250 because that would mean a 6 inch subway sandwich would be$1.50 like it was 25 years ago
A gold price going up is a bad thing for the economy. NOW WHEN THE RESET HAPPENS....you will make it with your gold and silver....but until then the dollar price of gold and silver is irrelevant.
Gold and silver is to make it once the fiat paradigm ends..
Hudson Walker
>Minimum wage before the Fed was ~$1.25 / hour. That's 5 quarters or about $17 in silver currently, approximately 1 ozt. 500 ozt is not "generational" but represents about 3 months of menial job labor.
Min wage before the fed was like 10 cents. Min wage was like $1.25 in the early 60's. I think you accidentally mixed up timeframes.
But i get your point.... a dime an hour is still much more than a dime day. But man made inflation was already well underway by 1913....the civil war and fiat fucked everything. Lincoln was a tyrant worse than Saddam Hussein.
But I'm talking like OLD historical history like the 1400's or back in the roman empire. A days wage was a silver piece the sive of a silver dime or roman denarius.
Camden Sanchez
how much you have?
Christopher Johnson
Not much, 6 ozt of gold. The rest is in blue chip stocks for dividends. I'm trying to save for bigger purchases of equity like a second house, cars, guns, etc.
I'm interested in silver, but the wealth per weight isn't as interesting to me. However, I keep hearing it will "outperform" gold.
I keep enough fiat money to pay the monthly bills. Such is the life.
Things might change when my gf becomes my wife though. She's very frugal but we intend on having a big family. Obviously expenses will go up and I'll need more liquid assets on hand.
Hudson Parker
These kinds of conspiracies and pipe dreams are amusing and easy to get sucked into, but there isn’t going to be any sort of reset or any bullshit like that going on. Sorry bud. The one thing you didn’t take into account is that (((they))) won’t let it happen. Simple as that. The sheeple will never be unified enough to make a bank run on PMs and turn their back on the USD, they’ll just sit and slowly take it as their dollar becomes worth less and they get paid slightly more, while more importantly for the Jews - the median debt will continue to rise
Angel Stewart
You need to understand that silver and gold is wealth. Stocks are financial assets and gold and silver a real assets.
get 3-400 ounces of silver and thank me later. 6 ounces of gold is enough.
Silver will absolutely outperform gold. Historically the silver to gold ratio is 16-1 because thats the ratio is comes out of the earths crust.
right now silver is like 80 to 1 to gold. Silver is the most undervalued asset on planet earth.
What you really should do is convert your gold to silver. Weight for that ratio to narrow to like 40 to 1 and then re-flip it back to gold and get a few ounces of gold for free.
Nolan Smith
As someone who owns well over 2000 ounces I hope you're right. I would be happy with 25 EOY to be honest.
Gavin Hill
Based and preciousmetalspilled
John Jackson
Hahhahahah inbread mongoloid
4000$ a week for groceries
Cancer retardo
Henry Allen
You sound like a boomer cuck.
Elijah Barnes
Silver and gold are commodities and their fate is quite simply in the hands of the market. People can hoard, pump, dump and they will. You're basically hoping for some whale to pump your bags.
Lincoln Brown
give up shilling the silver and gold and just fucking mine btc with this you broke loser you'll be glad you did
Christian Scott
silver and gold are real money not commodities
Owen Carter
nothin but gains on shine rock nigga
Dylan Sanders
kekd and checkd