Today Silver is valued at $16.87 USD. That's is truely an amazing discount on this world wide depleting metal! I have not read any articles saying there is bigger or even medium size new finds. Seems like they are finding small finds but the large deposits are either all gone or no one is looking for them anymore as there is no money in mining for this metal.
The high for the past 5 years was $34.27 USD and it currently sells for less than half that amount!
The high for Silver in the past 10 years is $48.48 that's almost two thirds more than it currently sells for today! Can you think of anything else that cost 2/3's as much as it did 10 years ago?
Average car cost in 2007 - $15, 714
Average car cost in 2016 - $19, 886
🔺25%
Average home cost in 2007 - $314, 600
Average home cost in 2016 - $365, 600
🔺16%
Now I know that Silver was much lower in 2007 than it is today but when it hit $48 almost 10 years ago to a current price of $16 and change there clearly is some funny business going on in the metals market in my opinion.
Let me know what you think? Thanks for your support and comments.
Go Steemit Go!!!!!
Good article, manipulation springs to mind but that can not go on forever hopefully, cheers mike
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Yes I agree but they have been able to keep a hold on it for along time now. Thanks
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I know but sooner or later I would imagine industrial demand will play a big part in the manipulations end, cheers mike
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Yes I think it will be sooner than later if you can believe what you hear. Thanks
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Fingers crossed
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@digestingreality , if you haven't joined steemsilvergold group, we would love for you to join with us. Seek out @silvergoldbotty and tell her you want to join. Really an awesome group of stackers, you would fit right in. Also feel free to use the #steemsilvergold .
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Thanks I will ask to join. How have you been?
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Definitely agree which is why I've been stacking on some silvers!
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Thanks for the comment and I added you to my following. Stack on my friend!
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Welcome back buddy. Silver is probably the cheapest thing going right now. Lets just say its on sale.
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Great to hear from you again. How has things been going?
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I'm good, Thanks. What about you?
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Not bad. Been so busy though. However things are slowing down so now am going to spend more time on here. It's good to be back!
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I have been waiting 10 years for it to go back up. Currently my worst investment, but st least it hasn’t disappeared. It might take another 10 years, but I believe it will one day soar past it’s high.
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Yes I hear ya. I have been stacking for over 30 years and I hope someday it reaches its final potential. Thanks
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I agree!
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thanks.
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I want to buy silver coins. I guess it is better to go local businesses and buy it and/or online. Great post. Thanks for sharing!
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Thanks and followed. Local business is great in my opinion. Support the community. Stack on my friend.
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