October 20 is my 7th year anniversary of stacking. I started stacking the last quarter end of 2015. That was some 7 years ago.
Let us say that in 2015 you had $100 in you wallet, and you decided to keep that money "under the mattress" or in a shoebox.
And I, on the other hand, bought silver with it. Let us use the spot price of silver on October 5, 2015.
Source: Silver Prices 2015
I would have bought a total of 6.55 troy ounces of silver at spot price. I got that by dividing $100 by $15.25.
If I sold 6.55 troy ounces of silver at today's spot price of $20.95 per troy ounce, I would have $137.23.
What about the $100 kept under the mattress? What is that worth today?
Value of $100 from 2015 to 2022
$100 in 2015 is equivalent in purchasing power to about $124.96 today, an increase of $24.96 over 7 years. The dollar had an average inflation rate of 3.23% per year between 2015 and today, producing a cumulative price increase of 24.96%.
This means that today's prices are 1.25 times higher than average prices since 2015, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 80.026% of what it could buy back then.
The inflation rate in 2015 was 0.12%. The current inflation rate compared to last year is now 8.26%.
Source: CPI Inflation Calculator
In other words, the $100 kept under the mattress is worth $80.02 only today.
Now, this is undeniable.
You can go back and do the research yourself. These numbers are true numbers.
Physical silver is a hedge against future inflation.
If you don't hold it, you don't own it.
Silver is a benefit to people who own it and have it their possession.
I regularly purchase silver from 6 online dealers. All of these six accounts show a good current value (as against acquisition cost). This is one of my accounts.
I hope to see you again soon!
I post an article daily. I feature precious metals every other day, and on other days I post article of general interest. Follow me in my journey to save in silver and gold.
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