Good point. I have heard that argument as well. Do you remember what the annual average growth rate is over the last 10 years (or basically since it's inception)?
I believe it originally traded below one dollar and was trading at about $250.00 in late 2015, so growth is about one thousand percent since late 2015, or a ten bagger as people like to say.
Of course there is a corresponding hyperinflation of the U$D that is catastrophic for those who are not holding an appreciating currency. Gold and Silver Bugs understand completely that paper can go to zero against silver. Paper cannot buy silver indefinately. There are many banks now, "Free Banking" has returned and we are all bankers now. And of course many, many schemes will fail. There is risk everywhere. ¡Viva la Revolución!
Good point. I have heard that argument as well. Do you remember what the annual average growth rate is over the last 10 years (or basically since it's inception)?
I believe it originally traded below one dollar and was trading at about $250.00 in late 2015, so growth is about one thousand percent since late 2015, or a ten bagger as people like to say.
Of course there is a corresponding hyperinflation of the U$D that is catastrophic for those who are not holding an appreciating currency. Gold and Silver Bugs understand completely that paper can go to zero against silver. Paper cannot buy silver indefinately. There are many banks now, "Free Banking" has returned and we are all bankers now. And of course many, many schemes will fail. There is risk everywhere. ¡Viva la Revolución!