/biz/ - Business & Finance

>>55331970
I agree with you but let's play devil's advocate to explore the reasoning:

There is a higher supply of silver in the world today. How can we be sure this increase in the silver supply (indeed, silver inflation) is not responsible for the increase of daily wages measured in silver?

There is more silver today today due to mining production, but also more people alive. Mike Mahoney has said the increasing supply of PMs has relatively kept up with birthrates, but how can we be sure? Maybe not enough new consumers (demand) met the increased supply, which is why silver is cheaper today, and wages in silver are higher, and price is close to where it belongs.

That being said, I know that Silver's price is definitely suppressed through paper trades, and the GSR is completely distorted right now. These are my highest reasons for stacking.