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TheBiggerBoat Wrote:Question is, can anyone give me a solid reason as to why gold and/or silver is about to skyrocket? Like I said, I've thought about it a bit and looked into here and there but I'm just not finding anything that would lead to a greater uptick than what they usually have.
The argument (typically) always sound like this: fiat currency, ie the US dollar, isn't backed by anything, can be printed at will, and is subject to regular inflation, making it less and less valuable and more unstable over time.
But hard commodities, like gold and to a lesser extent silver, have a finite supply, making them more scarce. So their value inherently and theoretically goes up over time, as the supply shrinks and at the very least the demand goes up or at least stays the same.
With the world and US economy being hit hard lately, and the FED and the world bank playing around with low, no or even negative interest rates, you could make the argument the overall economy is on very shaky ground. And consumers will pour money into more physical and time tested stores of value, like gold and silver. As a way to not have their money tied up in a shaky currency.
That's my understanding of the argument anyways. Oh and you're right, there are certainly not 100 ways to do it. There's probably not even 10 ways, practically speaking.