Post
Topic
Board Economics
Re: Silver/USD is at its highest since 2013
by
The Sceptical Chymist
on 11/06/2024, 15:56:04 UTC
The US has been paying its debt with more debt since they have removed the gold-dollar peg. It went all downhill from there.

I merited your post because of the statement above, which does seem to make sense even though there's no way in hell any country is going to go back to having a gold-backed form of currency.  The merits have nothing to do with the argument between you and stompix, which I don't want to get in the middle of.  Just clarifying that.

Silver dropped a little since I posted here last, but not by much.  Meanwhile the stock market is all in the red today and I'm still waiting for a crash or a major correction that never seems to come.  How long can a bull market last?  I mean Jesus, this one started right after the crash in 2009!  With all the debt the US has and the state of the world economy ebbing and flowing over the past 15 years, you'd think there would be a break at some point....but nope, everything in the stock market just keeps going up, and precious metals haven't quite kept pace even though gold is soaring.

I'm rooting for silver as always, though.  It's the poor man's gold, so it's been my favorite for many years.