[BamSaitinypap]

Check this out:


I think it's a good explanation at why the prices are where they are. Notice how he says the supply has been UP lately, which coincides with the low prices (@0:20).

I do honestly think right now and in the near future is a GREAT time to buy Silver (it could drop to the low $20s I think), even if it doesn't "Go to the moon".

[bumxumer]

I do not price metals in paper money, that is just silly. Instead I price things in metals themselves.

And you do that by pricing the thing in fiat and then converting that into gold or silver.

Would you sell a car that was priced in fiat at $16,000 for two ounces of gold? Heck no. But you would take 11 ounces of gold for it. Why? Because 11 ounces of gold is worth more fiat than $16,000 in fiat.

Nothing wrong with using fiat to price items. It is what we will always do. It is just the way it works. Even if we went to a total barter, we revert to what we paid for things in fiat and then convert that into gold or silver. Fiat is just a reference point.

[vasyasvc]

Please give us an example. For instance, how do you price a new television in metals?

The price tag says $500, but I see it as about 1/3 of an ounce of gold or 18 oz. silver.

Yes, but you do that by comparing the paper price of a TV to the paper price of metals. You don't have any other way to gauge that a TV is "worth" 18 ounces. Right?

If the paper price of silver doubles next week, there's no way that you'd still be willing to exchange 18 ounces of silver for the TV. You'd want two TV's.