Silver Squeeze Explained in 2 Minutes!

Relative to silver it did. You said 1 silver quarter would buy 1 gallon of gas in 1974. In 2021 1 silver quarter will buy 1.5 gallons of gas. 50 percent more gas for the same amount of silver.

 

Log in or Sign up to hide this ad.

It's almost as though both commodities fluctuate in value. Along with all others.

 

Who would have thunk it, huh? Its also almost like if you put money in a treasury bills, it roughly equates in purchasing power with said commodities over time as well.

What a dang coincidence.

 

What amazes me is how many here support the Welfare/Nanny state that wants to squeeze every nickel they can out of the little guy to give to the ne'er do wells that don't work.

 

Yes, against a devalued currency. The value of silver/gold didn't magically shoot up during those 40 yrs. but the purchasing power of the currency dropped.

 

Yes, our currency devalues every year. Its intentional. Low inflation usually produces the best economic outcome. That is why all countries on earth strive to generate low inflation in their prices every year. The goal, really, is for inflation to be around the tax free government bond rate. That way, citizens can invest in government bonds and maintain their purchasing power long term, hence my T Bill comment. However, this is why I HATE capital gains taxes unless indexed to inflation. They are taxing inflation THEY are causing.

If you think holding a $100 bill is the way you maintain purchasing power, you are doing it wrong. Its not DESIGNED to work that way. If you want that, buy government bonds, pm, etc to maintain purchasing power.

Having said that, I agree with you sir regarding taking from productive sectors and giving to unproductive is simply lowering everyone's standard of living, and long term will teach lazy people they can stay lazy, (not commenting on people who truly need help, of course we help them). Like most things in life its a matter of degree, and that line has now truly been crossed....

 

Just like pm has gone up and down over time, (remember 2011 versus 2016?) I am talking about over time. I am sure I can come up with a list of OTHER items going down the last year.

Do 10, 20, or 30 year comparisons and show me how they are "so far off".

Sure, it COULD be "different this time", but in my lifetime anytime anyone says this to me it makes the hair stand up on the back of my head, because it never was.

 

Check this stack out, I heard we're having a raid.

 

Here's some of what I added to the stack last year, as you can see I buy US coins.

 

so true! its very frustrating with all the stimulus and money printing going on that gold,silver aren't exploding.i lost count of how many lawsuits jp morgan has had against them.

 

Welp, there have been some really interesting perspectives on silver here, thank you folks for sharing!

I'm still unsettled about where the future will take us, but I know one thing for certain.

I really like silver intrinsically, whether it's a historically learned phenomenon or just something I picked up along this journey through life, like collecting rocks or old bottles.

I sleep better at night with a little reserve outside of the system, and then the next day, well rested, I can continue to enjoy this hobby/habit by learning and reading and collecting the shiny metal and listening to the sweet sound of a canvas bag with a pile of silver inside!

 

Silver and Gold don't burn, warp or rot. They are a store of value until the need arises to exchange them for lumber or steak.

 

Silver or steak, now that's a conundrum!

 

Just acquire as much as possible while the price is low.

 

No doubt, but they are subject to being stolen.

The point, however, was the comparison in the original video saying a board now costs more than an ounce of silver, cutely saying its cheaper than something "that grows on trees". My point is there have ALWAYS been boards more expensive than an ounce of silver throughout history. I am not aware of any period in human history where a board might not be worth more than an ounce of silver. Therefore, it was a red herring argument, irrelevant.