After all the money-printing it is hard to tell how much pr…
After all the money-printing it is hard to tell how much precious metals are actually worth.
I think an ounce of gold should be going for at least 25k right now. And that's extremely conservative IMHO.
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I think it's real easy to figure out what it's actually worth, but to your point, there's an active suppression of the numbers and even the numbers were allowed to know are probably shadows of the true value. Yes, when you get outside the US market metrics the international market metrics on these metals values in dollars starts to look like pretend land numbers. We're starting to figure out that silver, just like real bitcoin, what was the old adage?… You only need one. Be it Troy ounce or proof of work coin
Easy to figure out? I don't know... you'd need to know the exact degree of price supression.
How do you figure it out?
See people have this idea that because the dollar valuation drops that they've lost wealth or something, when in fact it's called a true price discovery and the market corrects immediately. Rather than having $25,000 pieces of gold they could be worth $2500 and you're buying power could be four times what it is now or something I'm just making up metrics to prove a point here a little bit. So we get back to more rational numbers that people can grasp when we get rid of the debased Fiat. So it's relative and it would make more sense if people could get their heads around how these numbers are made belief for instance, a person that has $1 million in a bank thinks they're losing out when we get a true price discovery and a market correction on the value of the dollar pegs to something like gold and a real store value based on proof of work rather than make believe numbers. For instance, when people bellyache about their million dollars in the bank account turning into $10,000 but they go to the store and they buy a loaf of bread or a hunk of meat for one cent USD and a brand new car for $100, I'm just making up numbers here it's just a kind of exercise the relativity of the matter, what good is the million dollars when it has a fraction of its purchasing power go try to buy something and use 100% of that million dollars you believe and see how far it actually gets you as compared to a market where you have $10,000 but you can buy 10 times as much with it then you could with the supposed million dollars. See this is the bamboozled they've sold this for generations and it's going to be painful to correct for people that don't have real assets. Hence of Main Street swallowing Wall Street