>>60962760
>1980, and it went down 90% in the next 30 years,,,,lmao why are stacktards so dumb?
You've already picked that cherry. Find another one. I, and most of the people in this thread bought out silver when it was less than half of the price today.

The 1980 price was an outlier caused by a shortsqueeze. Current price for nickel is $15,175 USD per ton. The price went up to $100,000/ton during a short squeeze a couple of years ago. You cannot compare the normal market clearing price ($15k) with an aberrant price caused by a transient market fluctuation.

If that is the best frail peg you can hang your argument on, you're an abject failure.

We are currently approaching the nominal 1980 high, and this time it's organic price discovery, and the rise is primarily due to the increase in money supply.

When you compare the prices for goods today in silver vs the pre-1964 prices, you will notice that many of the prices are either the same, or are less today than in 1964. A gallon of gas in 64 was around 25 cents, which works out to $7.74 today. Minimum wage in 1964 was worth nearly $39.00 per hour today in silver. One hour of minimum wage work bought 5 gallons of gas. Try that today.