Silver has been used as money for millennia but it seems that as a society we have forgotten the historical value of this precious metal.
Silver is used in many industries and they will continue to use it regardless of the price due to it's unique qualities.
From Google, directly "it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal."
On a historical context, the price of silver is extremely low.
The next market cycle will conservatively bring at least a peak of at least 2.5x in today's price. I expect it to be even higher than I posted.
I expect Silver to outperform SPY over the next 5 years.
I'm currently investing in silver and will do so for the foreseeable years.
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Some interesting historical facts on silver's price
Sun Tzu in The Art of War stated that you could have a 100,000 man army for 1000 ozs of silver a day. i.e. 1/100th of an ounce of silver per man per day.
Jesus was crucified for 15 ozs of silver = less than US$300.
In the American Revolution, the King of England had a ranson on Samuel Adams head for about 10 oz’s of silver.
The “Rise and fall of the Roman Empire” stated that the “Barbarians at the gate” were asking for a ton of silver not to sack Rome and the Romans couldn’t come up with it.
At the turn of the century the average worker made 1/10 oz silver a day.
In the Bible it states field workers made one Denarius a day which is about 1/10 of an ounce of silver.
Two thirds of the world today lives off about $2 a day with also equates to roughly 1/10 oz of silver.
Consider the Louisiana purchase when Thomas Jefferson bought almost 1/3 of the United States. He paid about 1 oz of silver for about 45 acres of bare land.
There’s only about 8 billion ounces of arable land on earth.
The above ground stock of silver is estimated to only be about a billion ounces. So if all things were equal you’d get 8 acres of land for 1 oz of silver.
We’re a very long way away from being able to do that.
goldsurvivalguide.co...valuation-of-silver/ - Source of historical facts.
www.youtube.com/watch?time_conti... - Nice video
Silver is used in many industries and they will continue to use it regardless of the price due to it's unique qualities.
From Google, directly "it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal."
On a historical context, the price of silver is extremely low.
The next market cycle will conservatively bring at least a peak of at least 2.5x in today's price. I expect it to be even higher than I posted.
I expect Silver to outperform SPY over the next 5 years.
I'm currently investing in silver and will do so for the foreseeable years.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Some interesting historical facts on silver's price
Sun Tzu in The Art of War stated that you could have a 100,000 man army for 1000 ozs of silver a day. i.e. 1/100th of an ounce of silver per man per day.
Jesus was crucified for 15 ozs of silver = less than US$300.
In the American Revolution, the King of England had a ranson on Samuel Adams head for about 10 oz’s of silver.
The “Rise and fall of the Roman Empire” stated that the “Barbarians at the gate” were asking for a ton of silver not to sack Rome and the Romans couldn’t come up with it.
At the turn of the century the average worker made 1/10 oz silver a day.
In the Bible it states field workers made one Denarius a day which is about 1/10 of an ounce of silver.
Two thirds of the world today lives off about $2 a day with also equates to roughly 1/10 oz of silver.
Consider the Louisiana purchase when Thomas Jefferson bought almost 1/3 of the United States. He paid about 1 oz of silver for about 45 acres of bare land.
There’s only about 8 billion ounces of arable land on earth.
The above ground stock of silver is estimated to only be about a billion ounces. So if all things were equal you’d get 8 acres of land for 1 oz of silver.
We’re a very long way away from being able to do that.
goldsurvivalguide.co...valuation-of-silver/ - Source of historical facts.
www.youtube.com/watch?time_conti... - Nice video