Wednesday, May 04, 2022 10:46:18 AM
Silver is basically the same price as it was in 2008.
https://www.bullionvault.com/silver-price-chart.do
Sorry Charlie, precious metals are no longer a hedge against inflation. They have complete control of the metals and metals do NOTHING to hedge against inflation. No matter how many metal salesmen articles you copy and paste.
Here is the current state of this manipulated metal.
You can see that the SLV contracts that are being dumped into the market are tapering off. You can also see that the Open interest curve is flattening out. The reason for this is because they are nearly finished fulfilling May deliveries. The open interest is lower than it has been in awhile, so there could be a nice rally prior to the July deliveries.
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
Buying metals as a hedge against inflation is obviously a talking point the the metal salesmen use as a selling point for metals. There is no hedge. having an investment that goes sideways for decades while inflation looks like this:
Some people never learn.....
A Democracy is 2 wolves and a lamb arguing what's for dinner. In a Constitutional Republic the lamb is armed. We live in a Constitutional Republic.
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