In this video Silver Dragon talks about the dollar to silver ratio and how it is now at $0! The dollar to silver ratio does not look at silver price, but rather the amount of silver mined for the year compared to the amount of currency created. Silver price can go up when we see the dollar to silver ratio go up and this happened back in 2020. When I made my last video talking about investing in silver, silver stacking, and the dollar to silver ratio it was $120 and now it has crashed all the way to $0.
This has never happened before! I believe that we will see the dollar to silver ratio climb again in the future and the price of silver will go up as well. I do not know if we will see silver price 2023 skyrocket or if silver price in 2023 will stay relatively modest, but I am buying silver now regardless. I know the FED will continue to create more currency until the dollar is hyperinflated, so I put my wealth into real money in the form of gold and silver.
Silver has been steadily, holding over $21.00 an ounce since the start of 2023. With economic concerns and geopolitical events that keep rocking the boat we don’t expect silver prices to fall much at least on the physical side of things. We looked around over the weekend and looked at “Junk Silver” and prices have skyrocketed. Stores are charging 20x for 90% silver coins like peace dollars, walkers, FRANLKIN, mercury’s etc. With people paying these kinds of prices for items that used to sell at spot price people clearly aren’t trusting this current market or the dollar for that matter.
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