Topic: Silver/USD is at its highest since 2013 (Read 431 times)

The USD is stronger, which means people are comparing it to other currencies, comparing the US economy to other countries, no one is comparing it to scarce assets like gold, silver or bitcoin and think that the USD is stronger.



The USD will collapse when the US economy collapses and this is very unlikely but it is certain that the USD will be replaced by another currency and another economy will replace the US economy will happen. Nothing lasts forever and American dominance is no exception but it will probably take us a little longer and it won't happen anytime soon.

I am not a mayor fan of silver investments.

I might be late in the discussion but:

1. Silver/USD might be at the highest lever either because Silver has gone up, or because the USD has gone down.


I tend to favor the second answer: everything is going up, because the meter used is going down.

Instead, I am highly skeptical on the first: Silver is an industrial material, and value oscillates for the associated sullpy/demand dynamics.
Sivler hasn't been trading as a precious for many years, now, I guess.

How can Dollar be strong when it has constant inflation.  It was nearly so out of control with awful inflation recently they've had to quadruple the interest payable including on the national debt which is the real spiral of a plughole we're going to plunge down eventually.  

That constant loss of value is undeniable and at this point some say unavoidable ie. Dollar is certain to collapse.  I dont presume that much myself because the country itself is strong but its the most rational conclusion;  we have a bias to believe things last forever, misplaced patriotism etc.  Loyalty to governmental policy which doesnt pay its bills and eventually cant pay its bills will end up unfortunate as misaligned judgement but its more controversial to say so then pretend its fine.


Ignoring the rotten core, just on face value Dollar index has risen and sustained above 100.   We can label this strong but its  relative to other FIAT currencies who ironically wish only to stay relative to the global reserve currency and maintain trading relationships.

Brother, I think Dollar became strong in the last 3 years . In COVID-19 time, the position of dollar became strong and other currencies affected but I think the citizen of USA are living good life . Because Dollar is a king of all currencies and Donald Trump gave strength to dollar when he became the president.I am a big fan of Donald trump because Donald Trump took excellent steps for his country and nobody can take that kind of steps.  Now ,Silver is not precious than Dollar became USA is super power and Dollar price will go up and up when any crisis comes. All governments should take responsibility of economy because economy is the first thing to run any country but there should be eligible person to handle the country. Otherwise,currency price will go down and country will default and country will be bankrupted.

It's a matter of when and not if. But it seems miners don't even have to fly outside this planet to find abundant supply of silver which pushes the price down. As a matter of fact, the price growth of silver is rather slow. It took silver more than a decade to reach a new ATH. But that's not an inflation-adjusted price. If we consider inflation, the price has so much catching up to do. We'd have to go back to as late as 1980 for its all time high. That seems to make silver a poor choice as a storage of wealth.

Which is exactly what that last link I gave says... One bit you got wrong is that current extraction technologies are ARE very advanced. As for the cost of pushing the tech to further limits - ja that will all depend on market values supporting it.

As for silver reserves - that is a well documented known amount. Ore deposits that also happen to contain silver are well known and the amount of silver left them is fact. Being a 'byproduct' of other metals mining ja I assume it is possible to refine old ore tailings piles to extract what (much) older tech left behind but again it must be cost justifiable.

What is needed is someone like Elon & company to starting mining asteroids. It is more than likely that eventually it will be cheaper than trying to keep chasing every bit of ore on Earth...

The methodology that you use is flawed. For metals such as gold and silver, low grade ore is present in earth's crust in relative abundance. As of now, it doesn't make any economic sense to extract metals from this low grade ore because of two things - technology is not very advanced and cost of extraction is more than the market cost of the metal. And in near future, both these aspects can change. And this will cause significant changes when we calculate the total reserves for precious metals such as gold or platinum.

I say good for the silver holders who didn’t have much to celebrate over recent years. Silver is not an investment I am interested in, Bitcoin is better in all aspects but I am always happy to see people doing well making money so congratulations to the silver guys, if there are many here.

That is from https://internationalcopper.org/sustainable-copper/about-copper/cu-demand-long-term-availability/

Helium however is of major concern: With production facilities coming online in Qatar and Indonesia we will be good well past 2030 but - we are running short per https://www.iflscience.com/is-planet-earth-running-out-of-helium-70630 thankfully many critical uses of it are implementing conservation through better insulation and temperature shielding methods & for semiconductor and welding processes are minimizing usage as much as possible but nonetheless this valuable and irreplaceable gas IS running out.

Back on topic.... There are only about 20 years of known silver reserves left per https://www.physicalgold.com/insights/how-much-silver-is-there-in-the-world/

Recycling is in no way as far as most people wish it'd be.
No reason to be alarmed but its a scenario where countries could go to war over.

https://www.economist.com/business/2023/03/30/copper-is-the-missing-ingredient-of-the-energy-transition
Paywall free https://archive.is/Sfnfw

I merited your post because of the statement above, which does seem to make sense even though there's no way in hell any country is going to go back to having a gold-backed form of currency.  The merits have nothing to do with the argument between you and stompix, which I don't want to get in the middle of.  Just clarifying that.

Silver dropped a little since I posted here last, but not by much.  Meanwhile the stock market is all in the red today and I'm still waiting for a crash or a major correction that never seems to come.  How long can a bull market last?  I mean Jesus, this one started right after the crash in 2009!  With all the debt the US has and the state of the world economy ebbing and flowing over the past 15 years, you'd think there would be a break at some point....but nope, everything in the stock market just keeps going up, and precious metals haven't quite kept pace even though gold is soaring.

I'm rooting for silver as always, though.  It's the poor man's gold, so it's been my favorite for many years.


I don't know where you got those notions from, but since a lot of people recycle copper I don't think we're going to run out of it, much less in six years.  Helium I have no idea about, but that'd suck for all the kids' birthday parties that depend on balloons.  AFAIK there's no substitute for helium.

Well, with Russia's imperialism, it doesn't sound too unlikely that WW3 is somewhere around the corner. But with all of that playing with fire that the USA has been doing for decades with the USD and especially over the last few years, I must say that the currency is doing really well. Inflation rate is low, percentage of global foreign currency reserves in the USD is very high (and no other currency is even close to competing with it). Plus, there is some explanation of silver growth in the article you've linked that has nothing to do with USD overprinting or US foreign debt: silver being a key metal for solar panels.

Silver is a better conductor than anything but it also oxidizes faster than both copper and gold. Copper is a better conductor than gold and slightly worse than silver but it suffers from the same problem as silver does.

Gold never oxidizes and its conductivity is almost as good. That's why electronics manufacturers use gold when durability is needed more than conductivity. Take a look at your CPU's pins, they are all gold plated because if those pins get oxidized, your computer won't work.

In the end there is a need for all three of these metals and that need will never go away I think.

If silver price doesn't move anywhere for more than a decade, it only says one thing: "BUY"

People said in the 1970s we'd run out of various commodities and its not yet occurred.   What tends to happen is the price rises and more difficult production and investment is justified by that higher market price.

We dont know future prices but Copper is likely to continue rising.  It also depends how technology develops, thanks to wireless technology less copper is needed for physical communications links for example.  Thats good as demand is already very high but its fair to say commodities are in a bull market for multiple decades imo.

Silver has good demand from its base elemental properties, some of which are superior to any other metal.   I think its a vital part of solar power so will continue to do well, it is a semi industrial metal compared to gold or more precious metals so its market dynamic is more volatile imo.

Copper we run out in 2030 I think, helium before that.
Hording copper is a good idea if you have a lot to spare.


There is more to life than black and white. I call that verbal extremism, everything or nothing, always or never. Only one of the 2.
That leads to a narrow mind set. Everything is fine if it pays your bills. 

When you have 2 shitcoins (i.e. USD vs TRY), you're going to choose the lesser of 2 evils.

That doesn't make the USD any less of a shitcoin/Ponzi...

Worth a watch: https://www.youtube.com/watch?v=OuOcnGAv4oo

The green transition will increase demand for silver (it's needed in solar panels).

Sounds like the BTC vs LTC situation.

LTC is still undervalued and some people speculate an ETF is in the works...

The only way US can get out of this mess is if they manage to invent AGI or human-like robots first.

This would easily boost GDP/productivity 100 times (I'm not kidding) and make the current debt look like a joke. Back in 1971 (Nixon shock) Intel invented the very first CPU/microprocessor (Intel 4004).

Will it happen this time around? It's not very likely in the current political/social climate.

I expect AGI and/or human-like robots to come from Asia (most likely China).

Why? Because China values meritocracy, while modern America values wokeness.

If you were wondering why Intel got left behind compared to TSMC, it's because Intel started focusing heavily on diversity hires a decade ago.

This caused an exodus of top-notch engineers and an influx of PoC/purple-haired wackos.

The collective West is going to pay a huge price of its hubris... just like Russia exported hookers after USSR fell, the West will export OnlyFans thots.

We're still in 2024, it's a bit early for hyperinflation.

I expect it to begin in 2027 when China will invade Taiwan -> no more high-end microchips -> disruption in supply chains (100x worse than COVID/Ukraine) -> hyperinflation (imagine a Xiaomi phone jumping from €200 to €5000 in a single day or an RTX 4090 costing as much as a Tesla).

Norway is not in Eurozone last time I checked.

France doesn't have a real economy anymore, we don't live in the Minitel era.

They don't have cheap uranium from Africa anymore to fuel their nuclear factories, it's a declining former colonialist empire.

The euro has always been a fiat currency, it was never tied to the Gold Standard. It's all smoke & mirrors.

Regarding Germany, you have to realize that they have a huge advantage in ICEs (internal combustion engines) and they're willing to suicide by adopting the green/climate agenda of EVs.

Guess who's the leader of EVs? China. They even have a huge amount of rare earths.

The game has been in rigged by WEF in a certain way (West is destined to fall, while the East will rise). Too bad most western citizens don't realize it and they're too busy "discovering" their favorite gender/pronoun.

Metals don't have a supply cap, unlike BTC:

https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/

Some people have had a rough childhood in the USSR, so they truly believe USA is the "savior" of the world (even though they cannot even save themselves these days ).

The thing is, Communism is coming back, with a vengeance. They're not hiding anything at all, it's in plain sight.

I'm not worried about the capitalist Russia, I'm worried more about children who will live to see the EU transforming into a EUSSR/China hybrid.

Just like USSR, EUSSR has tons of overregulation (banning plastic straws in the EU will surely save the world from pollution! ), very little production, minimal innovation... seems familiar, doesn't it?

Every empire eventually falls. The Byzantine, the Ottoman, you name it.

Most people living in the current status quo have denial to accept the bitter truth.

I mean, imagine paying taxes and insurance your whole life, only to realize that eventually your pension funds will be decimated due to hyperinflation? Who would like that? Even 401k isn't totally safe.

It happened in Romania and it wasn't pretty.

I forgot to put the links that explain how the Great Taking/Reset will be performed:

https://thegreattaking.com/read-online-or-download (free pdf)
https://www.youtube.com/watch?v=dk3AVceraTI (Documentary)
https://bombthrower.com/the-great-taking-the-latest-anti-mainstream-conspiracy/

Worth a read.

https://brandonquittem.com/bitcoin-rhythms-of-history/

The next global reserve currency will be... BTC. Not RUB, not CNY and definitely not USD or EUR. This will happen by 2030 at the latest (possibly even earlier if China invades Taiwan by 2027).

All (public/private) debt will be erased. Nobody will pay back anything (they'll tell you we should all make a new "inclusive" start from zero for the sake of "Social Justice"), but all debtors will be forced to give their property (land, houses, cars etc.) to creditors as a compensation.

That's the very essense of "you will own nothing and be happy".

Remember: fiat money is fake, while tangible goods are well... tangible.

The BRICs will not be able to create something like the USD (it took huge efforts of propaganda, from Hollywood's portrayal of the "American dream" in movies a century ago, to Scrooge McDuck diving into dollar coins -> mainstream/pop culture propaganda tailored for both adults and little kids).

That's why they're dumping dollars slowly but surely, because they know there's a Great Currency/Debt Reset incoming.

BTC will be the kryptonite they (WEF and its cronies) need for dedollarization. So keep calm and keep stacking sats.

Nobody will measure commodities (such as oil, gas, copper, wheat etc.) in USD by 2030, everyone will count them in sats and the BTC mainnet will mostly be a settlement network for country/bank transactions (expect transactions to cost no less than $1000, especially if BTC reaches 1 million USD by then).

It will basically be Gold Standard 2.0, only this time they'll tell you CBDC is "backed" by BTC (well, not really, but big countries like China already have huge BTC reserves to prop up their local currency). Russia must also have a secret stash.

BTC for the elites, CBDC for the plebs. Red vs blue pill.

Bookmark me for future (2030+) reference.

The US has been paying its debt with more debt since they have removed the gold-dollar peg. It went all downhill from there. The clown car crashed once in the early 2000's with the dotcom bubble, and then crashed again in 2008 with the mortgage bubble. The debt is growing exponentially and will be in the hundreds of trillions in a few years..

In 2000, the US public debt was $5.6 trillion. In 2011, it went to $15 trillion. Right now it is ~$35 trillion. Another decade or two, it will be in the hundreds. Maybe even much sooner.

People like stompix think they can forever free ride the rest of the world but British and Roman Empire also thought the same thing. One doesn't exist anymore and the other is far from its former glory.