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Silver was historically verified too. But it lost it's value in the 20th century, when people stopped using it as a money.
by mike_esspe 13y ago
Silver was historically verified too. But it lost it's value in the 20th century, when people stopped using it as a money.
- adventured 13y agoSilver took a sizable hit, but it has retained value. It still has two aspects to it that are very valuable: industrial and jewelry / fashion. Those are likely to remain for a very long time, providing silver with a value base.
- mike_esspe 13y agoIt's gold ratio fell from 16:1 in 19th century to 100:1 in 1930s. Getting only 15% of your savings is not a good result :)
- pyalot2 13y agoIt's not so bad either, imagine you held the continental dollar or the zimbabwe dollar, or even just the USD since 1975. They did worse than silver.