/biz/ - Business & Finance

Silver lost its monetary value. Enjoy heavy bags.

Silver doesn’t carry a monetary premium because it’s not being used to store value anymore. Congrats OP you got scammed.

Silver is not undervalued. IT doesn’t carry a “monetary premium” anymore for several reasons. For example gold would be worth $100 if not for the 10x monetary premium it carries because of it’s stock to flow. Issuance has stayed at 1-2% for 6 thousand years. Many people think gold and bitcoin are competing because they possess similar characteristics. It’s these characteristics of money that have dethroned silver has a monetary metal now that there’s 2 better options: gold and bitcoin. Silver used to be the next best thing. Now it’s not so it’s reverted back to its true industrial value. This is why boomers are going to be befuddled in 15 years on their deathbed when silver is still $15 or less. And no it’s not going to moon 10x lol.

>>12577728
Silver isn’t being used as money anymore. You’re asleep and hillarypilled

Silver isn’t being used as money anymore. Why do you think the ratio keeps increasing between gold and silver? It’s because silver is losing its monetary premium and becoming more of an industrial metal