Just like the price of food and life in general. It’s called inflation.
Empty_Ad_1589 on
glad ive been collecting for years. wow. I remember when it crossed $10 an OZ and we couldn’t believe it!
reversemoneyglich123 on
I am glad during the pandemic I bought 65 ounces of Canadian and Mexican silver one ounce silver coins with 2 Canadian 1/20 and two 1/10 of a ounce Canadian gold coins. I bought them with 2400 dollars of stimulus checks. I am glad I bought that money but God I wish I bought more. It was I I had back then. I am going to continue to hold.
Buy-Physical-Silver on
Westerners should be buying physical silver bullion before the East accumulates all of it.
Anxious-Depth-7983 on
Unless you’re desperate for cash, hold onto your silver and wait for closer to the end of this administration.
henrysmith78362 on
You might want to look up the famous Hunt brothers attempt to corner the silver market in the late 1970’s.
WallboxBass on
LOL! HODL!!!
sourwoodbluegrass on
Arguably the price of almost everything is near its most expensive, other than maybe table salt.
IraceRN on
Adjusted for inflation?
Working-Ingenuity361 on
ARE YOU SILVER!!!
TheTeflonDude on
Almost like someone is expecting WW3
Garpeaux on
The price of a Big Mac is also at its highest price ever in human history.
ChemicalGreedy945 on
If not adjusted for inflation this might as well be number of boners
theinvestingninja on
Market manipulation by werewolves
terp_raider on
This is not good
aiboaibo1 on
Human history.. One ounce of silver per day is the wages of a typical laborer. We are in absolutely normal territory or rather at the end of artificial (COMEX) suppression.
Silver is normally 1:15 to gold, 1:50 right now.
Also don’t confuse paper silver with physical silver and don’t forget it’s expressed in USD here not in oil, gold or grain. This says more about the dollar than about silver.
Which-Forever-1873 on
Thank goodness i stocked up when it was 15$ an ounce.
spankmydingo on
Gold too. Hit all time high today.
SAL10000 on
What precious metals aren’t at an ATH?
Few-Idea-701 on
Samsung EV battery and China closing export window….oh and fiat becoming worth-less.
StringNo6144 on
You’re measuring with a shrinking ruler.
bumholesgivemelife on
Isn’t everything?
Nephist0 on
Market is so fucked that silver is getting pumped and dumped 😂
Wayward85 on
Shit, don’t tell Judas.
RebelStrategist on
Many of today’s economic divides come down to timing, not effort. Earlier generations were able to buy into housing, commodities, and markets when entry costs were very, very low and wages could support long-term investment. Those assets have since multiplied in value, locking in wealth for those who got there early. Meanwhile, younger generations face historically high prices, stagnant wages, and barriers that make investing or building wealth nearly impossible unless they already have it. The result is an economy where opportunity narrows over time, and success depends more on when you were born than on what you do. Thank you, Boomers.
herbalistfarmer on
I think we are at the ratio that you are supposed to sell your silver and buy gold. 63 ounces of silver will buy you 1 ounce of gold.
So is just about everything else, it’s inflation.
ForFucksSake66 on
Sure am glad I didn’t buy any 3 years ago when someone on here told me to .
JunkScientist on
Rep Debbie Schultz saw this coming.
FlatQuarter4657 on
No way that’s how that works I’m sure when it was first found it was worth like a diamond would be worth today and then we found more and it was fine
Tre-k899 on
Don’t worry, it will drop again.
allahyokdinyalan on
Silvers price is best understood in relation to gold. And in that reference, silver used to be worth so much more back in 40s and 50s. It is currently undervalued and this post is misleading.
acoustic-suspense97 on
man, my first real construction boss was a 65year old vietnam vet who every friday at 2pm would get on a call with his silver broker, and buy silver. that was 12 years ago. i looked him up the other day and sadly he’s passed on. he was always a real jerk to his wife, i hope she cashes in.
LukeyLeukocyte on
Oof. I hope my dad is not aware of this. He is still sore about selling his silver stockpile decades ago. This’ll really sting.
TheFinestPotatoes on
In medieval times the gold/silver ratio was around 15-1
One ounce of gold was worth 15 ounces of silver.
Today the ratio is more like 65-1
Silver might be at a high in terms of US Dollars per ounce but it’s not at an all time high in “human history”
Large-Treacle-8328 on
Depression incoming
DaBeavs24 on
What’s the best way to buy/invest in silver? Been wanting to for months but don’t know the best way to go about it.
__dying__ on
Not when adjusted for inflation which should be done for a genuine comparison across decades.
ItsJustAnOpinion_Man on
You think you’d provide a little more data than 10 years out of, idk…, 2.5 million or so to make a claim like that.
AdventureKittay on
I am so tempted to short silver but waiting for a confirmation.
46 Comments
It’s time to bring out the collections.
Why?
Isn’t this like usually the case for most things?
Should I sell my silver dollars?
Just like the price of food and life in general. It’s called inflation.
glad ive been collecting for years. wow. I remember when it crossed $10 an OZ and we couldn’t believe it!
I am glad during the pandemic I bought 65 ounces of Canadian and Mexican silver one ounce silver coins with 2 Canadian 1/20 and two 1/10 of a ounce Canadian gold coins. I bought them with 2400 dollars of stimulus checks. I am glad I bought that money but God I wish I bought more. It was I I had back then. I am going to continue to hold.
Westerners should be buying physical silver bullion before the East accumulates all of it.
Unless you’re desperate for cash, hold onto your silver and wait for closer to the end of this administration.
You might want to look up the famous Hunt brothers attempt to corner the silver market in the late 1970’s.
LOL! HODL!!!
Arguably the price of almost everything is near its most expensive, other than maybe table salt.
Adjusted for inflation?
ARE YOU SILVER!!!
Almost like someone is expecting WW3
The price of a Big Mac is also at its highest price ever in human history.
If not adjusted for inflation this might as well be number of boners
Market manipulation by werewolves
This is not good
Human history.. One ounce of silver per day is the wages of a typical laborer. We are in absolutely normal territory or rather at the end of artificial (COMEX) suppression.
Silver is normally 1:15 to gold, 1:50 right now.
Also don’t confuse paper silver with physical silver and don’t forget it’s expressed in USD here not in oil, gold or grain. This says more about the dollar than about silver.
Thank goodness i stocked up when it was 15$ an ounce.
Gold too. Hit all time high today.
What precious metals aren’t at an ATH?
Samsung EV battery and China closing export window….oh and fiat becoming worth-less.
You’re measuring with a shrinking ruler.
Isn’t everything?
Market is so fucked that silver is getting pumped and dumped 😂
Shit, don’t tell Judas.
Many of today’s economic divides come down to timing, not effort. Earlier generations were able to buy into housing, commodities, and markets when entry costs were very, very low and wages could support long-term investment. Those assets have since multiplied in value, locking in wealth for those who got there early. Meanwhile, younger generations face historically high prices, stagnant wages, and barriers that make investing or building wealth nearly impossible unless they already have it. The result is an economy where opportunity narrows over time, and success depends more on when you were born than on what you do. Thank you, Boomers.
I think we are at the ratio that you are supposed to sell your silver and buy gold. 63 ounces of silver will buy you 1 ounce of gold.
Yeah that’s how prices work
https://i.redd.it/cuts2dgu219g1.gif
So is just about everything else, it’s inflation.
Sure am glad I didn’t buy any 3 years ago when someone on here told me to .
Rep Debbie Schultz saw this coming.
No way that’s how that works I’m sure when it was first found it was worth like a diamond would be worth today and then we found more and it was fine
Don’t worry, it will drop again.
Silvers price is best understood in relation to gold. And in that reference, silver used to be worth so much more back in 40s and 50s. It is currently undervalued and this post is misleading.
man, my first real construction boss was a 65year old vietnam vet who every friday at 2pm would get on a call with his silver broker, and buy silver. that was 12 years ago. i looked him up the other day and sadly he’s passed on. he was always a real jerk to his wife, i hope she cashes in.
Oof. I hope my dad is not aware of this. He is still sore about selling his silver stockpile decades ago. This’ll really sting.
In medieval times the gold/silver ratio was around 15-1
One ounce of gold was worth 15 ounces of silver.
Today the ratio is more like 65-1
Silver might be at a high in terms of US Dollars per ounce but it’s not at an all time high in “human history”
Depression incoming
What’s the best way to buy/invest in silver? Been wanting to for months but don’t know the best way to go about it.
Not when adjusted for inflation which should be done for a genuine comparison across decades.
You think you’d provide a little more data than 10 years out of, idk…, 2.5 million or so to make a claim like that.
I am so tempted to short silver but waiting for a confirmation.
So is gold. And basically everything else