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Silver And The Petrodollar
silverseek.com / Hubert Moolman / August 24th, 2015
Many have mistakenly dismissed silver as just another commodity like oil, for example. If one looks at how silver has traded since 2001, in comparison with oil, one might agree with that mistaken believe. Below is a comparison of silver and oil since 2001 (charts from stockcharts.com):
During the same periods, both goods traded higher or lower, together. For example, from 2001 to 2008, both silver and oil rose significantly. During those seven years, silver increased more than four times in value while oil rose more than seven times.
Based on the above chart-comparison, some might even argue that it is silver that is more overvalued than oil since it is trading at greater than triple its 2001 value, whereas oil is only trading at double its 2001 value.
Yes, they might have traded similarly since 2001, as well as during some other periods; however, they are at completely different points in their respective cycles. Oil is a true commodity, and it is ultimately subject to forces that rule over commodities, whereas silver is real money and likewise, subject to forces that rule over money.
We are currently at the end of an era of debt-based money, where the monetary importance of real money like silver has been supressed. Silver is about to move into that important role as true money, as more people will continue to search for a genuine store of value, due to the collapse of the current monetary order.
The post Silver And The Petrodollar appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/08/24/silver-and-the-petrodollar/
