Silver is money for the masses [Video]
|In this week’s episode of Live from the Vault, Andrew Maguire is joined by a popular guest request: Peter Krauth, Author of Great Silver Bull and editor of the Silver Stock Investor newsletter, to explore the rich history of silver as money.
The precious metal experts evaluate the current price of silver and analyse how the precious metal may be impacted by the gold price reevaluation, shedding light on what’s driving the massive outflows and industrial demand silver is seeing.
“Silver was the first true, international currency used by every major empire.”
Timestamps
00:00 Start.
02:45 The New York Community Bank downgraded by Moody’s.
06:30 Silver’s history as money.
12:45 92 ounces of silver to buy one ounce of gold - Peter’s thoughts.
17:00 Traders spinning volatile price ranges.
20:30 How the gold price reevaluation may impact silver.
26:30 Peter’s silver stacking strategy.
37:45 Current price of silver = money for the masses.
40:45 Industrial demand for silver.
48:00 Silver production falling.
54:00 Silver outflows explained.
57:30 The US Sound Money movement.
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