/biz/ - Business & Finance

>>30180624

>>22268451

Ever since the Opium Wars, the price of silver has been manipulated, so any silver-based example of inflation after the late 19th-century is distorted. The U. S. Congress abolished bimetallism in 1873. Recollect the famous "Cross of Gold" speech, delivered by William Jennings Bryan. But not only is silver now necessary in all kinds of essential industries, and a largely depleted asset, but it is also now at an historic low, so that the only way forward is up, not down. You can see that by looking at a 500-year-chart of the price. The risk is entirely to the upside, and, in case of a complete monetary collapse, silver, whose market-cap is pitifully low, will be one of the only safe havens for people to flee to. If I recall correctly, there isn't enough silver for each person in the world to have even one ounce to his name. I remember people like you who were shouting that silver would go even lower when the GSR hit 1:125, because there was "just so much of it." Couldn't possibly be manipulation. That's when I was purchasing every bar in Switzerland and Singapore that I could get my hands on.