Inflation has been wreaking havoc on the majority of everyone's budget. The only people indifferent to the price increases are those who are well-off. Fortunately for those stacking silver, spot price has rapidly increased over the past few months.
In the 1940s, a basic McDonald's hamburger cost $0.15.
(Created with Bing)
(Source)
That same basic hamburger now costs $2.39.
(Source: DoorDash)
In the 1940s, dimes and quarters were made of 90% silver. At that time, silver was about $0.35.
(Source)
So, a 1940s dime containing about 0.072 ounces of silver was worth about $0.025. (0.072 × $0.35)
That same dime is now worth $5.18. (0.072 × $72)
That now buys you two hamburgers with some change left over! The crazy part is with all of the economic instability, uncertainty and increased industrial demand for silver, we may not have reached peak price discovery.
This is what the last 6 months look like.
(Source: Kitco)
That doesn't look to me like silver price is slowing down anytime soon. Time will tell, but for many stackers who bought back when silver was cheaper, this is turning out to be exciting times!
Buy DUO and stake to receive Hive dividends, tip others, have your posts curated, and grow Hive!
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
Do you like stacking gold and silver?
Are you new to Hive, or know someone new to Hive, and want help and support?
Have you been on Hive for a while and want to help new Hive members? Join HOC and help us grow Hive and encourage new members!
