Silver Surfing

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Sunny days ahead for Silver

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I was a silver bug a long time before I understood p2p value transfer with BTC and finite 21,000,000.00000000 BTC of which 90.77% has now been mined. Real money is still Silver but when it comes to internet money, Bitcoin and Hive are my favourites. I read up recently that Canadian Tire Money is now Triangle Rewards and their digital counterparts expire after 18 months!

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What is One Dollar exactly? A promissory note I am told.

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And what could this be?
A Silver Maple perhaps?

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1oz of Silver = 22.0736 USD
40.19 HIVE or 0.0007,2561 BTC

22.69 HBD

How do we measure value in 2022?
The copper penny is too expensive to make?
A cent is what then? One hundredth of a nothing?

0.01 HBD however is 0.019 HIVE today.
0.00000031 or 31 Satoshis, is that a Penny?

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I am trying to understand money, currency,
debt, credit, interest, inflation, stagflation..

And more. Never ever stop learning.

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5 comments
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Is there a reason you prefer silver over gold?

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(Edited)

Yes many reasons.
1 Silver supply is smaller than Gold supply
https://schiffgold.com/key-gold-news/gold-scarcity-in-perspective-as-peak-gold-looms/
2 Silver is used up in electronics
3 Silver is common money, Gold is only King money.
4 Easier to lose $300 of Gold than $300 of Silver
5 You can pay your baker, without giving him the farm.
6 There used to be silver in our currency. There was never Gold.
7 Most Gold is in a vault. If you want to store it, you lose value.
8 Most Silver is being used in manufacturing. See #2
9 Silver is being shorted using paper contracts.
10 Silver is shiny. Silver is nice to look at.

I could go on. Most Gold is held by wealthy people.
Most Silver is in the hands of normal people.
For many things, Bitcoin is a better alternative to Gold.
Also all the pundits continue to say things like,
"Gold is an ancient relic"
"Gold has no intrinsic value"
"Unlike the US government and the USD"
"something investors feel more comfortable with."

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Thank you for the detailed answer. Those are indeed valid reasons =)

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“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.”

― Norm Franz, Money & Wealth in the New Millennium: A Prophetic Guide to the New World Economic Order

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