Why price of silver stays at $17 for years?steemCreated with Sketch.

in #money7 years ago (edited)

money-2180330_1280.jpg
Greetings Steemians! Glad to be among you, I just joined in.

Right to the business: Dow Jones skyrocketed like what, 70% in 5 years? Governments print money like crazy, as much as they like and nobody controls it, yet silver costs always the same since like 4 years, $16 or $17 /oz. Silver is used heavily in many industries, and gold isn't. There is like 15x more silver than gold on earth yet gold is 70x more costly than silver. And a lot of silver was used in the industry already, and salvaging it from the components on a big scale is hard to do, while almost all gold is simply stored for the value, so the ratio changes in silvers favor. People, including US president, scream there is bond / stock / real estate bubble, and when ppl realize they are in a bubble, they buy precious metals heavily, but silver is still and always $17.

Have you ever wondered why is that? I'd like you to stop for a while and give it a thought. Don't trust anyone's judgement, just do a bit of research and think about it for a while. Give it an hour or two. Have your own opinion.

Sort:  

Congratulations @citizen7! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

nice post@citizen7