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Re: $250 silver by the end of 2026 ?
ACQUIRING gold is different than agreeing to tie monetary policy to a fixed price of gold...requiring a painful internal adjustment (falling prices, falling wages, falling GDP output). :) If the Treasury did issue more paper than gold reserves (not clear), that showed the difficulty even in an era pre-populism and… -
Re: $250 silver by the end of 2026 ?
. The value of the house may have gone up 2x, 3x, or 4x, but so did the cost of everything else (due to inflation). When the quantity of money is limited by the Gold Standard (or similar), naturally interest rates are going to be higher because if you lend gold to someone and they don't pay it back, it is very difficult to… -
Re: $250 silver by the end of 2026 ?
Welp, gold didn't make it all the way up to $6k, $5600 instead, but silver did fall from it's high to a more reasonable price. I wasn't too far off, I just expected gold to go a little higher. -
Re: $250 silver by the end of 2026 ?
> The period from 1800–1910 saw explosive real growth: industrialization, railroads, electrification, rising real wages, and major productivity gains. A roughly stable price level did not suppress output — it accompanied one of the most transformative growth periods in economic history. Price stickiness is not a natural…
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