What is the entire point of buying gold and silver? So you can massively gain when it is undervalued compared to other real assets... as it is right now.
A normal dow to gold ratio is 4 to 1
Right now that ratio is like 23 to 1
You aren't buying gold to maintain your wealth in a world that's massively overinflated. When fiat collapses you aren't going to be just plugging along like you are right now paying your 2k a month mortgage while nobody else can even afford gas and good. Your going to be the person picking up assets for super cheap. That's how it works
Ayden Jackson
>You see it now in Venezuela. 1 oz of silver buys you 4 months worth of food on the black market. The dollar value of silver is 17$. 17$ barely buys lunch for two at Taco Bell. Which just proves how badly the Jews are screwing us because once that paper fails the true value of real money is unleashed
Interesting. Have to dig into that. Mostly because people don't trust in fiat anymore and that's why nobody is accepting it, classic demand and supply. I don't see a possibility to buyhard assets like real estate with overvalued gold tho.
Just for my interest ..how many ounces are you holding? What's your gold / silver ratio of your portfolio?
Christopher Bailey
mmm
Adrian Sullivan
>what is central banking Western property prices are artificially inflated along with the fiat that backs it you dense 10yo spergs. Gold and silver are the perfect hedge against over inflated property backed by cheap fiat. Unless you bought property before the current bubble, you're fucked kek
Luke Nelson
Doesn't explain why the purchasing value of gold should rise all of the sudden, it is near to constant over 2000 years... obviously it is a hedge, but to be able to buy a whole city with gold makes no sense
Dominic Williams
>but to be able to buy a whole city with gold makes no sense Pretty sure that over-exaggerating was intended Just check out gold and silver prices during the 2008 recession, and then take a look at the property prices at around that same time. Note: Property price demand didn't increase the same way that precious commodity prices did
Logan Price
felix?
Luis Sullivan
Think of it this way....
An avg American insurance salesman is probably making 150$ per day... which equals about 10 ounces of silver per day when converted to silver.
10 ounces of silver for doing work of no real value to society. Remember... a days wage for most of history and even today in underdeveloped worlds where they are actually producing shit was and is equivalent to about a silver dime.
So that insurance salesmen is making like 140 times what a days wage has been throughout human history. When that reversal happens. Those who have even just 500 ounces of silver are going to absolutely kill it
Isaiah Peterson
Yeah, as in gold holds its value as the value of everything else goes down. Gold will buy more in a dollar collapse scenario. That what store of value means brainlet. The fucking absolute state.
