Silver sucks! I bought some about 2-3 years ago and it's worth less, barely less but still less, than it was when I bought it. Everyone screamed "it's going to skyrocket in a few months" before I bought now it's all about how it's tightly controlled by (I think one) big banking. (Someone apparently own millions of ounces and controls the price.)
You need to pay attention to the gold / silver ratios. Buy silver when it's above 90/1 and buy gold when it's below 70/1. Three years ago, Gold was the buy, not silver. Silver had just come back from a ~5000 year low as compared to gold when it was at 115/1 during the summer of the covid lockdowns. That was a VERY VERY good year for people who were paying attention. :D
It's long been known that JPMorgan and comex have issued 7x more paper silver than there is silver above ground. They manipulate the shit out of that market constantly. That's one of the reasons comex now reserves the right to refuse you delivery of 1000 ounce contracts and settle in cash.
In the end, you also need to understand that typically silver and gold are not INVESTMENTS. They are a STORE OF WEALTH. You don't earn interest. For example, back in the roman era an ounce of gold would buy you a fancy suit. In today's world, an ounce of gold will still buy you a fancy suit.
You look at it the wrong way. The currency is going up and down, not the physical asset. Just because your whole life has been focused on (((dollars))), it looks like everything else goes up and down. The reality is, assets are stable, the fake currency is what's moving. Besides, the currency is ultimately going down because they keep making more of it. More (((dollars))) means each dollar is worth less.
Yep. You are correct. However, when it readjust silver should past 500 and Oz.
(post is archived)