Back in 2020 there was a story of two twins receiving an inheritance of 100k each back in 2013. One bought bitcoin, one bought silver.
I want to know: why is anyone buying silver? Am I missing something?
Silver is: - more inflationary than gold - easier to mint than gold - more abundant than gold.
According to the bitcoin standard, if silvers price rises in any significant way, silver miners will produce more and bring the price back down.
Silver was only used as a medium of exchange for transactions too small for gold coins.
Once governments started using gold-backed paper, there was no longer a need for Silver, right?
So how come people still want to buy silver today? How come Central banks still stack silver?
What the deal with silver? Why not buy gold instead? Obviously bitcoin is the ultimate hard money, but why do people even consider silver if gold is better than silver?
Am I missing something?
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