You are viewing a single comment's thread from:

RE: STUNNING Chart Shows Silver Prices Could Be Headed to $700/oz!!

in #silver8 years ago

Silver and gold do not go up in value, they just maintain value. They measure the decrease in purchasing power of fiat currencies. For instance a house in 1950 may have cost 8,000$ or 200 ounces of gold. In 2014 the same house may have cost 320,000$ but still only 200 ounces of gold.

Sort:  

Interesting. Thanks for your input

Coin Marketplace

STEEM 0.20
TRX 0.25
JST 0.037
BTC 97089.33
ETH 3426.60
USDT 1.00
SBD 2.95