I (luckily?) acquired most of my silver around or even under the AU$20 mark. If it gets back there again I'll be buying more. But otherwise I'm happy with what I've got.
Think by luck or design you've managed to time it well mate if it goes back that low again I think it greatly undermines its properties as a source of value, a hedge or even as savings. Driven by industrial demand despite an onslaught of newer stackers it's premiums are remaining on average what 25% over spot. Timing is key and so far mine has sucked think many People including myself got hooked into a mentality that it's an investment as it has to rise...it's one of the most undervalued assets in history and also one of the most useful, in This reality it doesn't matter paper controls physical and these systems are well built to contain and control.
Seems like silver has done well. Two silver dimes still buys a gallon of gas here in America, same as 100 years ago.
Oil might be the only comparison not in a huge bubble for the moment. To catch up with historic averages in housing or anything else it probably needs to rise quite a bit or those inflated prices need to drop. Maybe both.
Paying the same price for silver as a year ago with a fast devaluing fiat sounds like a great deal! If you bought silver this year then you made money. It's been consolidating sideways for the all time slow motion prize for sure but things don't move hand in hand anyway.
It's just perspective. When people say to me that life is short, I ask them what they do that is longer? My time frame is 10 -13 years out so maybe that's it. This is what silver has always kinda done in the past. It does nothing for a long time, then bang.
Toilet paper can be $1000 for a roll of 8= 1 oz of Silver. Everyone just jumps off a bridge=starvation pains.
I had tried a LCS right down the road from me I had the feeling I was wasting their time buying a 1/4 oz Gold and the salesman was pushing the Junk Silver that they had, when I finally left I tried a frirndly handshake but got a weak fish in my hand I'll try again later but is not looking well - I was not impressed
You only understand inflation as destroy the middle class to high income earner. Why? The county is being overthrown! That why you see people get a visit from the Secret Service if you pound Biden's desk! (4:35) They tell lies.
