Silver in 2010s about 45 an ounce. Silver today about 29 an ounce.
A crap investment if one thinks silver holds value.
“Silver in 2010s about 45 an ounce. Silver today about 29 an ounce.
A crap investment if one thinks silver holds value”
Not everyone bought at $45. I only have a paltry 55 ounces in Eagles but at $20 circa 2014. Like all investments timing is everything.
The *price* of silver in terms of dollars is made of two components:
1. Physical above-ground silver
2. Derivatives, paper silver
Ratios vary, but the ounces of derivatives is hundreds of times the ounces physical. According to USDebtClock.org, the dollar to physical silver ratio is $446/ounce.