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I think the idea is that silver suddenly being 1000 USD/oz is more likely to be the result of something happening with the value of USD then it is the value of
by gizmo686 6y ago
I think the idea is that silver suddenly being 1000 USD/oz is more likely to be the result of something happening with the value of USD then it is the value of silver.
- jasongill 6y agoCorrect; silver is about $25-30 per ounce whereas gold is closer to $2000 per ounce. If silver was to climb to $1000 per ounce it would likely be due to hyperinflation of the USD, not a sudden scarcity of silver
- belorn 6y agoOkey, then at least I understand the subtext of that comment. Through, it does make me wonder. How likely were it that the oil price went into negative last summer? From someone who does not follow the raw material market, that event sounded more strange than a tulip mania.