/biz/ - Business & Finance

>>22769699

>>I still find that a bit ridiculous that it only takes 60 ounces become top 1%. Wouldn't that make silver jewellery, silver teeth, any collector's coins you buy from your local post office
essentially as good as gold?

If we had true price discovery, it's very possible. Silver has often been at a 1:1 ratio with gold. Commonly 1:3, and, on average in history, 1:14. See this chart of the history of silver to learn more. Ever since the Opium Wars and the abolishing of bimetallism in the 19th century, and the founding of futures markets in the 20th, the price has been severely manipulated. But once the COMEX breaks, anything is possible. Silver is not only more useful than gold, but just as good a safe haven for preserving wealth as gold, and that will cause it to be recognized as being of nearly equivalent value once our fiat system collapses.

>>22769770

J. P. Morgan was just fined a billion dollars for manipulation. At what point will people like you actually admit that manipulation is going on? >>22768978

>>22686236

Hahaha. Yes, a 20-year chart which isn't inflation-adjusted. Begin with a 700-year chart instead. Then consider the fact that the inflation-adjusted ATH of silver in 1980 was _$600_, and we're still only at $26. Then that the historic GSR (gold-silver ratio) is 1:14, in more recent times has been 1:40, and we are still only at 1:73. Then that gold itself is still cheap (needs to go to $5000 in nominal terms to reach its former Dow:Gold ratio when it was $1900 in 2011). Then consider that, when our fiat system collapses, all the money which is now in stocks and bonds will be chasing the few tangibles which are left.