Silver/USD is at its highest since 2013

[Darker45]

What is needed is someone like Elon & company to starting mining asteroids. It is more than likely that eventually it will be cheaper than trying to keep chasing every bit of ore on Earth...

It's a matter of when and not if. But it seems miners don't even have to fly outside this planet to find abundant supply of silver which pushes the price down. As a matter of fact, the price growth of silver is rather slow. It took silver more than a decade to reach a new ATH. But that's not an inflation-adjusted price. If we consider inflation, the price has so much catching up to do. We'd have to go back to as late as 1980 for its all time high. That seems to make silver a poor choice as a storage of wealth.

[Adiljutt156]

You know, there's always chatter about paper money versus the real deal when it comes to metals. And yeah, figuring out where currencies are headed is like trying to predict the weather sometimes. Hyperinflation's a legit worry, but whether we're heading down a Weimar Germany road or something completely different, well, only time's gonna spill the beans on that one.

Brother, I think Dollar became strong in the last 3 years . In COVID-19 time, the position of dollar became strong and other currencies affected but I think the citizen of USA are living good life . Because Dollar is a king of all currencies and Donald Trump gave strength to dollar when he became the president.I am a big fan of Donald trump because Donald Trump took excellent steps for his country and nobody can take that kind of steps.  Now ,Silver is not precious than Dollar became USA is super power and Dollar price will go up and up when any crisis comes. All governments should take responsibility of economy because economy is the first thing to run any country but there should be eligible person to handle the country. Otherwise,currency price will go down and country will default and country will be bankrupted.

[STT]

How can Dollar be strong when it has constant inflation.  It was nearly so out of control with awful inflation recently they've had to quadruple the interest payable including on the national debt which is the real spiral of a plughole we're going to plunge down eventually.  

That constant loss of value is undeniable and at this point some say unavoidable ie. Dollar is certain to collapse.  I dont presume that much myself because the country itself is strong but its the most rational conclusion;  we have a bias to believe things last forever, misplaced patriotism etc.  Loyalty to governmental policy which doesnt pay its bills and eventually cant pay its bills will end up unfortunate as misaligned judgement but its more controversial to say so then pretend its fine.


Ignoring the rotten core, just on face value Dollar index has risen and sustained above 100.   We can label this strong but its  relative to other FIAT currencies who ironically wish only to stay relative to the global reserve currency and maintain trading relationships.

[fillippone]

I am not a mayor fan of silver investments.

I might be late in the discussion but:

1. Silver/USD might be at the highest lever either because Silver has gone up, or because the USD has gone down.


I tend to favor the second answer: everything is going up, because the meter used is going down.

Instead, I am highly skeptical on the first: Silver is an industrial material, and value oscillates for the associated sullpy/demand dynamics.
Sivler hasn't been trading as a precious for many years, now, I guess.

[fuguebtc]

How can Dollar be strong when it has constant inflation.  It was nearly so out of control with awful inflation recently they've had to quadruple the interest payable including on the national debt which is the real spiral of a plughole we're going to plunge down eventually.  

The USD is stronger, which means people are comparing it to other currencies, comparing the US economy to other countries, no one is comparing it to scarce assets like gold, silver or bitcoin and think that the USD is stronger.

That constant loss of value is undeniable and at this point some say unavoidable ie. Dollar is certain to collapse.  I dont presume that much myself because the country itself is strong but its the most rational conclusion;  we have a bias to believe things last forever, misplaced patriotism etc.  Loyalty to governmental policy which doesnt pay its bills and eventually cant pay its bills will end up unfortunate as misaligned judgement but its more controversial to say so then pretend its fine.


Ignoring the rotten core, just on face value Dollar index has risen and sustained above 100.   We can label this strong but its  relative to other FIAT currencies who ironically wish only to stay relative to the global reserve currency and maintain trading relationships.

The USD will collapse when the US economy collapses and this is very unlikely but it is certain that the USD will be replaced by another currency and another economy will replace the US economy will happen. Nothing lasts forever and American dominance is no exception but it will probably take us a little longer and it won't happen anytime soon.