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RE: Executive Exodus | Rats Fleeing A Sinking Ship

in #insidertrading5 years ago (edited)

If this keeps up, I think food may become the next toilet paper. As of now, the various currencies can still buy it. If we keep hyperinflating and sheltering in place, I think there may be plenty of money but not enough products on the shelves to service all the money in circulation.

Outside of food that has a long shelf life, if my concern was about the value of my money, I’d revert to money that is value. Like you said, gold, or maybe silver. Historically, gold was adorned by people for at least 6 millennia or more. I’m not sure BTC has a value other than the faith that people have in it, and as far as I’m concerned, that’s what gave fiat its value.

Perhaps it’s difficult to get gold and silver now? I’m not sure. At some point, the illusion that is paper gold and silver will fail, and the prices will correct. Maybe silver’s price is off more than gold’s. For a time during Obama’s reign, silver had hit almost $50 in its spot pricing. As of right now, it’s at $14.28, which seems ridiculous to me.

On the same day that silver hit the historic high of almost $50 (April 28, 2011), gold was at $1,531, and that's only $144 less than today's spot price. This must mean that we either got extremely efficient at mining silver or at printing it. It seems to me, there is a clear disparity in the uniformity (percentage-wise), of the change in the price of the two alloys. This is not financial advice.


Silver spot 4/28/11: $48.70
Silver spot today: $14.28
Silver is down by 70.67% from almost 9 years ago.

Gold spot 4/28/11: $1531.00
Gold spot today: $1675.00
Gold is up by 9.40% from almost 9 years ago.