Is silver and gold really worth more?
I've read alot of journals lately by bullion holders who are getting all giddy about the prices of silver and gold going up, and up. It got me thinking about a few things. How much did a loaf of bread and a gallon of gas cost back in the early thirties? Well, they're both closing in on $4 now. Maybe gold and silver isn't worth more, but the U.S. paper dollar is worth a whole bunch less than it used to be. Back in 1932 you could trade a paper dollar for a silver dollar, and a $20 bill for a $20 gold coin. Our money was made of precious metal, and the only reason we had paper money was so we didn't have to lug around a bunch of weight. Now it takes $1500 U.S. paper dollars to obtain an ounce of gold and more than $40 for an ouce of silver. If the price of silver gets up to $1,000,000 per ounce, would you really consider trading an ounce for a million worthless pieces of paper that won't buy you a decent lunch? I wouldn't.
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