It is “cheap”, right now.
Consider, with inflation, $50 silver in 1980 is $200/ounce today.
Ergo, silver today, just shy of $80/oz, is severely undervalued, priced in fiat.
Also, remember, it’s not that silver is increasing in value. Silver’s value is rock steady. It’s the fiat dollar that is wasting away.
So, mortgage the trailer and put it all in silver?
> Silver’s value is rock steady.
Industrial demand strongly affects the silver price.
Consider, with inflation, $50 silver in 1980 is $200/ounce today.
Ergo, silver today, just shy of $80/oz, is severely undervalued, priced in fiat.
Agreed.
The price action this week alone has been crazy, it's like a rocket ship.
When you consider that we are at nominal highs, and NOT inflation-adjusted highs, there is still a lot of room here for the price to go up.