| | | Rhodium is the bitcoin of the technical PMs...
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FWIW, I called a buy on it before it moved at all, and again as it moved to cross over the price of platinum... and that made sense because rhodium is easily both one of "the best" and rarest of the technical PMs...
The funny one is paladium... which only started being used more, recently, because it worked like platinum, but was cheaper than platinum... but that was when platinum was $1000 and paladium was under $500... and now its price has quadrupled... so paladium is $2200 and platinum only 1200 ? And the only reason for that is having once committed to paladium... it was too much of a bother to switch back to platinum ?
Markets are THAT inefficient... or, people are THAT lazy... which is the same thing ?
Same is true of silver, of course. Copper is NOT a viable alternative to silver in its technical applications... and neither is gold. Silver is the most conductive element, period. It will have no competition in that... until we come up with actually functional room temperature superconductors... capable of being fabricated without crazy costs and a longevity that exceeds a minuscule half life in application. Odds are pretty good that by the time that level of commercial viability happens we won't even really be using electronics anymore... and, then, silver will have to find other industrial uses to sustain its non-monetary uses... as it did when photography quit using silver.
But, the monetary uses of silver could pretty easily dwarf the industrial uses... and would if all we did was return to the sort of dependence on metals as a store of value in coinage as we had prior to the 1960's... If coins were made of silver, again, what would that do the price of silver as reported in fiat currencies ? The world has a very long history of currency debasement, including in the issuance of debased coinage... the size of a coin shrinking over time, and the percentage of silver and gold you'll find in the alloys that were used in making coins from ancient Rome similarly depends on the era in which they were minted. And as Rome started debasing... the coinage followed much the same trend we've seen in modern times... as silver has given way to zinc or other base metals... most now more like the Soviets coinage, as they used to use aluminum for coins... the coins having almost no real intrinsic value in themselves. Today, they don't even put copper in copper pennies ? And, it is the way of the world... that those problems sort themselves out, in time... as debased currencies lose value... and precious metals don't...
That doesn't obviate price variation in markets, much less alter market function under manipulation... ?
The fraud of fake money... requires both a massive PR effort, a lot of coordination of the market manipulations required... and the application of force to sustain it...
That's not a "dollar bad" story... because almost every other currency is worse than the U.S. dollar in those terms...
When prices are being artificially suppressed... buy low and hold... might not be rewarded as "a trade" anytime soon. But, its still a pretty solid method of accumulating generational wealth... more if you pair the accumulation with proper instruction, passing down the legacy of how to sustain generational wealth to the next generation... ensuring familial wealth is always "accumulated" only... and not "spent" ever.
That approach is anathema to the fiat currency providers... who resent having others own any wealth that isn't borrowed ? The west long ago surrendered ownership of wealth, in any form, to the manipulations of the bankers. The corruption of the global culture into subservience to the bankers is now likely reaching a point of un-sustainability... only accelerating as the corruption of the banks themselves now makes them un-sustainable. We're already at the point where everyone knows it... leaving only a question or two about timing in the transition from "everyone knowing it" to "everyone acting on what they know"...
The bankers hope to engineer a transition... a "reset"... that leaves them in still charge of the money even after the money they've given us... fails.
If the bankers fail to sustain their theft of the sovereign or state control over money... things might get interesting ?
If you required every dollar to be "fully" backed by silver... ? Just take the notional value of all the money in existence... and divide it by the quantity of silver in existence... and compute price versus unit quantity from that ?
Do the same thing with gold ?
The advantage of fiat currencies... is that they have no restrictions on "making more" when having greater liquidity in the economy would be useful. The disadvantage is... that when "more" is easily created... the only thing that you will certainly get more of than new money... is corruption in how the new money is distributed... to advantage some at the expense of everyone else.
The advantage of gold and silver as money... is that they're much harder to conjure into existence... which also means "honest money" tends to come paired with potent ability to ensure other things are being made similarly honest.
Buy gold and silver to hold... make them a meaningful % of your holdings by banking them in proportion to other profits... because human behavior is cyclic... and change happens. The value of money based on trust... depends on it being reasonable to trust those who are responsible for the money. Today, the truth is that none of them can be trusted... and no one does trust them... and we're one laughing child away from the emperor who wore no clothes being exposed as... penniless. |
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