Will Silver Become Obsolete as Money?
In an interview this week (published at https://www.kitco.com/news/2021-08-31/Silver-unlikely-to-track-gold-again-may-never-goback-as-money-here-s-why-Lobo-Tiggre.html), researcher Lobo Tiggre (who has also published under the name of Louis James) expressed the opinion that silver may become obsolete as a financial and monetary asset. Instead, it may soon be valued on the basis of being only an industrial metal such as copper.
His underlying data for this idea comes from a shift in how silver’s price trends in tandem with gold. He stated that gold and silver prices moved in the same direction from 1975 to now almost 89 percent of the time. However, over the past 10 years their prices have risen or fallen
