Hacker News Reader

Silver which is a physical and exists in reality, you call a meme?

While dollars, euros, and all other currencies are all imaginary within databases and don't exist in reality.

I would say that the late 1970s reflexive silver bubble revealed magical thinking about silver which isn’t common with fiat. We know that big names rode the bubble on the way up, and made more on the way down. I think we can talk about meme pricing in the same way.

There's debt in dollars and euros, so people actually need to obtain dollars, euros etc. to avoid losing their collateral.

That isn't the case with silver or gold, for the most part, and what are you really going to use them for, now that there are so many excellent rust-resistant alloys?

Reply on news.ycombinator.com