The ratio of silver to gold price is about 100:1 right now and historically does not go below 10:1. If Gold is $4,000 an ounce the most we would expect to see silver would be $400 an ounce.
However, we can reset the price of gold. It is obviously not $42.22 an ounce.
If the world's currency were backed by gold it would have to be $30,000 an ounce. (Total amount of currency in the float divided by the total amount of gold in the world). If you do that then silver would likely hit $2,800 an ounce. A cup and handle formation indicates a very long period of time of accumulation at a repressed price (banks shorting silver to keep the price low) followed by a breakout, and a short squeeze. A few months ago silver was at $28 an ounce so if it goes to $2800 someone is going to get a 100 fold return.
But who would do this? Market manipulation is very common, but not over a 50 year time frame. That is why I don't think this is a person, I think it is a government and the US seems like the most likely government able to do this on the down low. First, it is US banks that have kept the price low and second why would they do that when it is obviously under priced and you will likely be the victim of a short squeeze? You would have to have another valid reason, like you are making more money from someone else to have this losing investment for the last fifty years.
I don't think the silver is enough to deal with the US debt, it is a much smaller market. But the gold is.
Are you just backing money in circulation with gold or the total value of all money? Because if the source is correct that I found they are saying the total value of all money including such as investments, derivatives, cryptocurrency is valued in dollars at 3.3 quadrillion.
- The total value of money held in investments, derivatives, and cryptocurrencies surpasses $3.3 quadrillion.