By Peter Cooper
“Silver is a somewhat comparable speculative alternative to Bitcoin. It has been used as money since the dawn of civilization, albeit as monetary metal not computer code.
In recent years silver has become more of a speculative asset than a currency, although it is also a very useful industrial metal. It’s vital for smartphones and other electronic products.
Between 2000-2011 the price of silver rocketed from $3 to $49 an ounce. That was its biggest bubble since the previous one in the 1970s, which ended at $50 per ounce in 1980.
What other commodity is currently cheaper than it was in 1980? None.