Silver Reaches Over $32.00 USD / ozt

in Silver Gold Stackers7 months ago

This has been a long time coming. We are seeing a breakout from the silver manipulation that has kept it below $25 for far too long. This is good for silver stackers, but everyone who hasn't been stacking, the door is beginning to shut.

What this means is that a tiny, 1 gram silver bar (which is smaller than a penny) is worth over $1.00

The buying power of a dollar is diminishing. There's a saying "What's a dollar anyway?" meaning a single dollar is inconsequential. Look at the junk at a "Dollar Store" to see the buying power of a dollar... and they demand an extra quarter too!

So with rising costs, and weakening dollar, it's only natural that coins made with precious metals (with intrinsic value) will require more dollars to purchase.

What is the real value of silver per oz? Very likely higher than $32.00. I wouldn't say it's value for sure, but looking at the gold/silver ratio of 86:1, we can make some guesses.

$200 / ozt Silver?

Historically, the gold/silver ratio is between 12:1 and 15:1. Either gold is artificially high, or silver is artificially low. Which do you think is true, considering there is a vested interested in low prices for industrial metals. Which industrial metal is more useful to have artificially low? If gold is closer to real price, and silver artificially low, a 15:1 ratio (with gold close to $2500), we should be seeing silver at $167 / ozt. With a 12:1 ratio, we should be seeing silver at $208 / ozt.

Yes, you read that correctly. Historically, with gold worth about $2500 / ozt, silver should be worth over $170 - $200 /ozt or more.

But that's with Gold remaining at $2500. If there is a correction, we will see gold go through the roof and silver skyrocketing up with it. And if the ratio also corrects, we're going to realize just how discounted we've been purchasing our silver for!


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Benjamin Turner: God fearer. Rooted in Messiah. Husband of @lturner. Father of SIX wonderful children. The guy behind the camera. Blockchain enthusiast.

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I got a Sentry lock box full of copper 1 cents weighting 28 pounds that I leave in plain view in my bedroom. Burglars know go to the master bedroom since most of the valuables are often there. When they find it they will run off with just a pile of pennies and if lucky one will get a hernia. Considering the value of copper nowadays I may fill it with something else.

Brilliant! They'll be expecting 100 oz silver bars and gold coins, but the joke will be on them when they open it up.

!LOLZ

Look at that tiny little gram next to a penny! Ha! I heard the dollar tree price had gone up. So crazy! We have a Todo a Dollar store here, but literally nothing is $1 in it - most is more than $1 and cheap Chinese junk. We also have a Todo a $.99 - no pague mas (don't pay more) and it's the same - some stuff is $.99, but a lot is more than that! They don't even follow their own tagline!

It is very happy to see that its price is increasing because everyone has waited for a long time and now they are very happy to see its price.

Looking forward to seeing how it goes !BBH

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