The vast majority of the US population is uneducated about our monetary system and why inflation happens. The result from the recent increase in inflation has not educated the people any more on why it happens to begin with. They have no idea that increasing the money supply causes inflation and that the Federal Reserve system is the culprit. I remember when at least the Federal Reserve was brought up when Ron Paul was running for president back in 2008 and 2012. He was the first candidate to even talk about the Federal Reserve and since then it is pretty much gone back to where rarely any politician ever brings the subject up. They just blame Biden or who ever is in power in DC or even the giant corporations are accused of just being greedy. Hardly anyone knows how bad the US is in debt. The knowledge about our monetary system is pretty much nil. Even well educated people have no clue. I don't see knowledge of the American people increasing in this area, but the same old blaming one political party or the other to keep the population in the dark. Even the increase in alternative media has only scratched the surface on educating the American people about monetary policy. When it comes to numbers and math most people go blind and their emotions rule their opinions and their important everyday budgeting decisions.
After Trump won the election EVERYONE dumped their gold and silver with full economic confidence . All local coin shops are paying less than spot for silver and gold. Dealers can buy from wholesalers for less than spot as well. I don’t expect prices to increase, unless, there’s a big financial event like 2008.
DISAGREE! NO WAY is mining 1 oz silver $17. That would mean that mining gold is $119. Gold is coming out of the ground at 7 to 1 vs silver these days and BOTH go through the EXACT SAME costly process(dissolve/resolidification) and a 7 to 1 ratio is rendered over all. Someone has been getting bad numbers.
@@TtheSilverStacker I have a theory. The industrial complex NEEDS silver in every aspect of manufacturing at some point of the process of just about every product, while gold is more WANTED than needed, SO, here comes my theory. Since a significant amount of silver comes directly from gold mining and also as a byproduct of base metals but is almost always accompanied by gold byproduct as well, the gold price must be inflated to compensate those miners for giving away their silver BELOW mining costs. The real price of gold vs silver should be around $1000(gold) and $140(silver) but to keep silver @$30 and below, gold needs to be over priced and since banks and governments hold mostly gold, they like to keep the price of THEIR assets higher, while keeping cost of industrial production of goods, down by suppressing silver. Silver supply is EXTREMELY LIMITED, while gold is still found abundantly, all over the place. That is not the case for silver, which has mostly been mined off of the top of the heavier gold deposits. Thank you for suffering through my rant and also for replying. Have a great night T.
Thanks to you and the many other content creators for sharing and educating.
Thanks. I enjoy hearing a variety of perspectives.
Cheers
Cheers!
Stack on bro 🇺🇸
Definitely!
The vast majority of the US population is uneducated about our monetary system and why inflation happens. The result from the recent increase in inflation has not educated the people any more on why it happens to begin with. They have no idea that increasing the money supply causes inflation and that the Federal Reserve system is the culprit. I remember when at least the Federal Reserve was brought up when Ron Paul was running for president back in 2008 and 2012. He was the first candidate to even talk about the Federal Reserve and since then it is pretty much gone back to where rarely any politician ever brings the subject up. They just blame Biden or who ever is in power in DC or even the giant corporations are accused of just being greedy. Hardly anyone knows how bad the US is in debt. The knowledge about our monetary system is pretty much nil. Even well educated people have no clue. I don't see knowledge of the American people increasing in this area, but the same old blaming one political party or the other to keep the population in the dark. Even the increase in alternative media has only scratched the surface on educating the American people about monetary policy. When it comes to numbers and math most people go blind and their emotions rule their opinions and their important everyday budgeting decisions.
I don't know. I don't know anything. If i tried to know something it would be wrong so no comments from me.
After Trump won the election EVERYONE dumped their gold and silver with full economic confidence . All local coin shops are paying less than spot for silver and gold. Dealers can buy from wholesalers for less than spot as well. I don’t expect prices to increase, unless, there’s a big financial event like 2008.
There are definitely scenarios that I can imagine that cause another recession like 08.
Get ready for a weak U.S. dollar.
All the more reason to stack that silver.
DISAGREE! NO WAY is mining 1 oz silver $17. That would mean that mining gold is $119. Gold is coming out of the ground at 7 to 1 vs silver these days and BOTH go through the EXACT SAME costly process(dissolve/resolidification) and a 7 to 1 ratio is rendered over all. Someone has been getting bad numbers.
So, by your logic, silver should be at $375? That works for me!
@@TtheSilverStacker I have a theory. The industrial complex NEEDS silver in every aspect of manufacturing at some point of the process of just about every product, while gold is more WANTED than needed, SO, here comes my theory. Since a significant amount of silver comes directly from gold mining and also as a byproduct of base metals but is almost always accompanied by gold byproduct as well, the gold price must be inflated to compensate those miners for giving away their silver BELOW mining costs. The real price of gold vs silver should be around $1000(gold) and $140(silver) but to keep silver @$30 and below, gold needs to be over priced and since banks and governments hold mostly gold, they like to keep the price of THEIR assets higher, while keeping cost of industrial production of goods, down by suppressing silver. Silver supply is EXTREMELY LIMITED, while gold is still found abundantly, all over the place. That is not the case for silver, which has mostly been mined off of the top of the heavier gold deposits. Thank you for suffering through my rant and also for replying. Have a great night T.