/biz/ - Business & Finance

>>53696191
You would need the 60k to purchase a kilo of gold in the first place.
>>53696216
True, haha.
>>53696269
In the past 10 years, the price of silver has fallen 30% - Gold, on the other hand, has had it's price rise consistently with inflation. Do you know why this is? Because silver isn't desirable. People (save for autists here) do not buy it as a hedge against inflation. It's an irrelevant metal. Gold, throughout the entirety of the history of mankind, has been valuable, and it will continue to be.
>There's been a larger increase in Gold production, though! The supply has increased, whereas silvers has stayed almost the same!
Yes, because people actually care about Gold. Nobody gives a shit about silver. Nobody wants to increase the supply because it's considered shit.
>There's more gold than silver!
This is just a lie, lol, silver reserves well outpace that of gold.