Technology is deflationary
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Technology is deflationary
In a perfect world yes. It's far from a perfect world
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Oh sure, let's blame businesses instead of placing the blame where it lies, which is with a government that is continuously devaluing our money by printing it like it's Monopoly money.
I dont the bowhunter was blaming business, just stating his observation.
One pound of potatoes in 2004 was $1.09 and in 2025 a pound is .97¢. so deflation.
I don't know about Montana but we grow potatoes here. In 2004 potatoes were 30 to 40 cents a pound, now they are a dollar plus unless on sale.
Here is a good chart from the Bureau of Labor Statistics.
https://www.macrotrends.net/4612/us-potato-pricesI don't believe gold and silver has inflated at a faster pace than other items. Just took it awhile to catch up, the manipulation is catching up.
There are many reasons why I believe silver has a ways to go.
Number one is because central banks and government addiction to exponentially inflating the money supply.
Number two silver supply has been in a shortfall compared demand to the tune of a 100 million plus ounces for the last four years. Industrial use of silver is only going to continue to rise.
Number three is foreign central banks are starting to buy silver along with their gold purchases.
Number 4 is the bullion banks like JP Morgan and UBS have switched from short position to long position in the last 6 to 8 months. It was reported that JP had a 200 million ounce paper short position back in June and it's now speculated they have gone long to the tune of 750 million ounces with much of it being taken in physical form, not paper contracts.
The the 20,000 dollar question is can silver prices go down? Of course? Will it go down? Of course. When and how much, I don't know. If I did, I'd be a billionaire.
