It hasn't happened yet, maybe it will never happen?
Maybe these prices are the real deal, and we just have to accept it.
It has indeed been so long.
All the experts thought / felt / calculated that it would have broken by now.
However, all of their data is still pertinent, all the evidence is still valid.
Manipulation is definitely happening.
That the SEC does nothing about it means that they are in on it. Probably the SEC was created to protect the manipulating parties. And since they are suing all the good guys, it is quite apparent that they are not for fair and honest markets.
All of this has one important meaning.
Gold and silver run when the there are no more cards left for the Fed / SEC / Blackrock to play. This probably means that when gold and silver become really high priced is when the system is breaking down. Sure, you could sell your Silver Eagle for $500, but would you want 500 becoming-useless pieces of paper?
Why Buy Gold or Silver?
Buy gold and silver now while it is incredibly cheap.
It is THE physical, zero-counter-party risk, hyper-inflation hedge.
As any hedge, it is not really to make you rich, but more to make you not lose all your assets. When your bank balance goes towards zero, (while their are still numbers in your account) that is when you want a hyper-inflation hedge.
Bitcoin and other cryptos may be a non-physical hyper-inflation hedge.
But we don't know. Hasn't ever been tried before.
In my opinion, cryptos WILL BE the new money.
But will it appreciate?
Bitcoin will probably 10x in this next bullrun, but will the price of steak also 10x?
Yes, 1 bitcoin will be priced at more than a million dollars, but what else will a million dollars buy?
But, who really cares, bitcoin will still buy things, and soon the dollar will not.
And that is what is important.
Gold or Silver?
But what about gold vs silver?
Which one will do better?
Right now, the charts say 88 ounces of silver per 1 ounce of gold.
Which is not the highest it has been, but it is WAY up there. (it used to be 10:1)
From this point, if you only look at silver and gold as becoming monetary metals, then gold is far more valuable. All the central banks want gold. They do not really care about silver.
However, it is not about that, it is about all the electronics that we are manufacturing. They all need silver. Silver to make the chips, silver to solder them, silver to make the screens. The stuff is used everywhere. And we use up a great proportion of what we mine each year. Little is left on the shelf.
Gold on the other hand is used to make jewellery and to store in vaults. Gold comes out of the ground, and sees the light for a little while, and then it is put back in a dark place again. What a lack-luster life for gold.
If everything stays the same, then silver will rise in price to cover mining costs. Gold will probably rise in a bidding war between central banks.
But, everything will not stay the same.
Silver becomes extremely valuable.
Silver has properties that no other metal has. (it already is the best conductor, best heat transfer, best...) And this property will make future tech happen.
You want those flying cars? They need silver.
You want that communication device (works anywhere)? They need silver
You want a free energy device? They need silver
And i am probably missing some really big things, as i / we don't even know about them yet.
Thus, silver become extremely valuable. EXTREMELY VALUABLE.
As in, many countries declare it a strategic military metal. They won't let it be exported and other silly things.
Mexico will build a wall to keep out the Americanos who have silver-fever.
Gold vs Silver
While we are finding that silver is far more valuable than we every thought, we are going to find out that there is a LOT more gold just sitting around in vaults than we ever thought.
The value of silver goes up, the value of gold goes down.
When people start to accept the fact that gold is just un-digital bitcoin, its demand plummets even more.
All of this adds up to gold and silver becoming about equal. 1 to 1.
Sure it is a guess, but there are lots of math supporting it.
If you need a ⅒th ounce of silver to build an iPhone, do you not build it because silver costs $500 an ounce? Nah, you just add $50 to the iPhone's price.
In my opinion, silver is SOOOOO undervalued right now.
And the future will see silver valued greatly.
Thus, silver is the easy winner of which will do better.