The dollar keeps going down in value because of inflation.
Silver has real value because it is backed by the amount of it available on earth.
Currencies are FAKE MONEY because they are backed by nothing other than the banks and the government behind them, that have full control over it. They keep printing more and more of it, so the value keeps going down exponentially...
The silver market right now is way lower than a couple of years ago, yet it is being used over a wide variety of tech industries like solar, batteries, engines, screens and more.
The reason why silver is so cheap right now is because most countries have sold the majority of their silver stockpile, leaving more available to buy. But people don't realize that the demand keeps going up at a constant rate, and even during recessions. In fact, in the global economic crises of 2008, the demand for silver still went up at the exact same rate as the prior years, showing its redundancy and strength.
But you might ask, why not buy gold instead? Because gold is already popular, silver is not! Gold has been bought by EVERYONE including the banks, institutions and governments. So gold is already too rare and overprices in my opinion.
It remains that precious metals are real money and that currencies are fake money that devalues over time. And multiple currencies have already vanished from existence like the Venezuelan bolívar$$. So what stops other currencies like the dollar from doing the same?? Silver will always have value and is recession-proof!
Just buy and hold silver and you will be rich when you retire...
Silver has real value because it is backed by the amount of it available on earth.
Currencies are FAKE MONEY because they are backed by nothing other than the banks and the government behind them, that have full control over it. They keep printing more and more of it, so the value keeps going down exponentially...
The silver market right now is way lower than a couple of years ago, yet it is being used over a wide variety of tech industries like solar, batteries, engines, screens and more.
The reason why silver is so cheap right now is because most countries have sold the majority of their silver stockpile, leaving more available to buy. But people don't realize that the demand keeps going up at a constant rate, and even during recessions. In fact, in the global economic crises of 2008, the demand for silver still went up at the exact same rate as the prior years, showing its redundancy and strength.
But you might ask, why not buy gold instead? Because gold is already popular, silver is not! Gold has been bought by EVERYONE including the banks, institutions and governments. So gold is already too rare and overprices in my opinion.
It remains that precious metals are real money and that currencies are fake money that devalues over time. And multiple currencies have already vanished from existence like the Venezuelan bolívar$$. So what stops other currencies like the dollar from doing the same?? Silver will always have value and is recession-proof!
Just buy and hold silver and you will be rich when you retire...
Trade closed: stop reached:
It totally failed, likely more downward movement to come... Looking if it reacts to the next level of support or not.
Comment:
Even more bearish now as silver reacts to the trend line with clear favouritism to the downside!