Loading ...Copper or Silver
IMO Gold is money end of story. Debate later if need be lol.
My question to the tent is/or has has Copper replaced Silver as the second most useful metal?
Peasants are unloading physical $Silver am I right (Old dudes subsidizing there retirement cheques)? Cheap Investors maybe buying as a proxy for $Gold but not out pacing the sellers of physical $Silver?
IMO $Silver & $Copper are just industrial metals and $Copper far out weighs the usefulness of $Silver maybe?
Any opinions Gold Tenters?
I tested this theory dumped my Silver miners and rolled into Copper miners – the jury is still out IMO but I think the Silver miners just barley outpaced the Copper miners? I know stacking Copper is not relevant I’m talking Copper miners here.
Appreciate all thoughts Good Bad or Indifferent……
Good Question Red
I call this the WTF Chart
Something strange going on here for sure.
Silver and Copper move together…always….until the last 2 years
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=30&mn=0&dy=0&id=p46528673132&a=510877646
IMO $Silver may be DOA? $Copper is the new young stud in town maybe?
I dunno….Canadians are pennyless now
🙂
we also don’t own any $gold. Good thing we have Weed and Oil…..
People get hung up on the idea that gold is money and silver isn’t, or variations thereof. The truth is that currently no metal is money. People buy metals because they think they may once again become money and therefore experience a radical increase in value. If fiat currency is eventually replaced by metal again, it is likely that a whole host of metals will serve as money for various kids of purchases, just like it was historically. There is a reason a penny was traditionally made from copper, a nickel from nickel, and quarters and dimes from silver. Why? You ask, well, because no one wants to pay for a cup of coffee or a candy bar from the gas station with gold. Why? Because the size of the piece of gold for such a purchase would have to be so small that you could barely see it or even be able to tell what it was. Even so, in a world of monetary metal, it would be ridiculous to pay for a car using copper. Gold is more convenient for high value items. Getting hung up on gold being money exclusive to all others is folly.
History is a good guide to many of the questions we have about money. It isn’t all that complicated.
Good topic and I agree with Neil about the monetary role of metals. I believe all metal is money but it is not currency. Only when coined into currency units can it be easily used for transactions. “has Copper replaced Silver as the second most useful metal?” The question IMO is not applicable to the reality of each of those metals. Copper and silver both have unique properties unto themselves and some shared properties. As we progress into this technological age these two metals will both increase in demand. Therefore good long term stores of value(wealth). It is my belief that the purveyors of this fiat monetary system are most concerned with silver’s ability to be used a currency and therefore compete with their system. This video says it all…https://www.youtube.com/watch?v=Mwpsqf7wnuM
I agree that gold (and silver) are money.They are not currency which is a debt instrument printed by the government. If you go to a bank with one of these debt instruments they will be glad to exchange it for another identical debt instrument. They really are treasury bills without the interest. That gold and silver are money is a fact because the Mint issues coins with both metals (arrogantly) denominated in “Dollars”. The (bullion) coins should be valued at around the prices of the spot metal. They and the mining shares prices should rise over time because of the inflation built into our economy because the Fed wants it to be so.
If gold and silver are not considered money, the prices of each should also rise for the same reason and as more of each are increasingly needed from the technology sector.
The argument is moot.