Normal
I was curious about this too so I took a look at the news of the time and was shocked by what I found. The reasons for silver's skyrocketing price was actually nothing out of the ordinary but a mix of economic and geopolitical conditions that caused investors and traders to pile into it.Take a look at this BBC article from April 2011. Weaker US dollar, Middle East and North African tensions, hedge against inflation etc. But this is the core of it:The scary thing is that everything that sent it north so quickly back then is much worse now, especially US debt, increases in the money supply and geopolitical tensions. Throw in higher interest rates, higher inflation, a war on the US dollar and a cost of living crisis and who knows where we could end up.
I was curious about this too so I took a look at the news of the time and was shocked by what I found. The reasons for silver's skyrocketing price was actually nothing out of the ordinary but a mix of economic and geopolitical conditions that caused investors and traders to pile into it.
Take a look at this BBC article from April 2011. Weaker US dollar, Middle East and North African tensions, hedge against inflation etc. But this is the core of it:
The scary thing is that everything that sent it north so quickly back then is much worse now, especially US debt, increases in the money supply and geopolitical tensions. Throw in higher interest rates, higher inflation, a war on the US dollar and a cost of living crisis and who knows where we could end up.
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