Do I really need to explain that?
Ok so which was the better / smarter play?
1200$ in profit after 6 years or X00,000$+
they are all liquid so you can buy metals whenever you want.
I'm about to order another kilo of silver with my crypto today.
But its not just crypto, there was tons of traditional stocks which have had better returns then silver.
Again ill emphasize that I'm not agaisnt silver I like it and think everyone should own some.
It just doesnt work the way some people think.
Silver is not an investment it is a hedge.
One silver dollar coin in 1920 is worth about 25$ today. 1$ in 1920 has equal buying power to around 25$ today.
That means that the buying power stayed the same.
I see many people treating silver like its their ticket to retirement, dreaming of 4000$ silver. And it can definetly reach that, but if that happens then by the time silver is 4000$, it will only have the buying power of 30$ today.
Because silver is money and the value of money doesn't change, thats literally why its used as money in the first place.
Tldr silver doesn't create wealth, it simply preserves the wealth you already have. Its better then dollars for sure, but for actually gaining money, there are better vehicles.