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RE: Measure Wealth Rightly: How Much SILVER do I NEED?

in #silver7 years ago

I think you have a good way of looking at it. We can't really think about measuring in dollars because that's going to be irrelevant and meaningless. If silver is at $1,000/oz, will it really help you to sell if it costs $500/gallon for gas? Probably not. It might be a short-term fix if you're trying to get out of a bad situation, but if you're actually looking to preserve wealth, that's probably not the best way to think about it.

The silver to gold ratio is crazy high right now. I'm surprised that it hasn't started correcting, but it just means it's a great time to be picking up more silver. That's more stuff that we'll be able to trade later. It means being informed though. Because if we don't know that certain ratios are out of wack, then we're not going to consider getting those undervalued assets now so we can trade them later.

Good stuff, man!