I own a small amount of silver but don't see its price going too crazy. Governments will always manipulate the price however they can to make inflation less noticeable.
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I own a small amount of silver but don't see its price going too crazy. Governments will always manipulate the price however they can to make inflation less noticeable.
Read 'When Money Dies' by Ferguson. A brilliant book re Weimar Germany.
Remember when Weimar Germany hyperinflation happened many currencies had gold backing.
Now we have nothing . I expect hyperinflation in 'The West' now in spades.
It gets to a point (eventually) where governments can not manipulate it. I am surprised it's gone on so long, like many others, but the longer it does, the higher in nominal dollars the price of silver and gold will go. We have done nothing in the last nine years but make more fiat currency, hyper liquidity if you will. Hyper liquidity is the precursor to hyper inflation.
but when miners no longer find mining these metals profitable and when they are gradually consumed (silver) by the world. then u have a shortage and a manipulated ultra low price no longer makes the slightest sense to people... and then boom