It's been a very long time since silver was money. It's largely an investment vehicle now. Whether through collectibles or ETF's or indirectly through mining shares. The notion that either gold or silver will ever be money again (as in public transactional usage) is insanely antiquated. Physical money is dying. It's the postage stamp of payment systems. With regards to digital gold/silver, it's doomed by the very nature of precious metal people not wanting to hand over their physical metal to a third party. There's a reason "it hasn't happened yet".
if there is any truth to a rotation out of tech to gold, we would be trading at $3000.
You mean, will be. Yes?
The market can remain irrational longer than you can remain solvent. Just because something is true, doesn't mean it's happening today.
Is Costco still selling gold and silver?
Yes, they are selling both.
this is more of an infomercial than analysis
It's both. Monday interviews are always sponsored but I try to devote at least half of the conversation to the macro side of things.
Sprot? Yeah right
what do you not like about sprot?
I wonder what large percentage of some of those sprott ETFs this guy owns
👍🏽
It's been a very long time since silver was money. It's largely an investment vehicle now. Whether through collectibles or ETF's or indirectly through mining shares. The notion that either gold or silver will ever be money again (as in public transactional usage) is insanely antiquated. Physical money is dying. It's the postage stamp of payment systems. With regards to digital gold/silver, it's doomed by the very nature of precious metal people not wanting to hand over their physical metal to a third party. There's a reason "it hasn't happened yet".
It’s legal tender in the majority of us states regardless of whether or not you agree with them.
lol gold. BTC is superior n 2 many ways to list.
Platinum 🎉