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RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 7 days ago

An Ounce of Silver Is Now Worth More Than a Barrel of Oil

www.wsj.com

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An Ounce of Silver Is Now Worth More Than a Barrel of Oil

www.wsj.com

RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 7 days ago
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  • Zier@fedia.io
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    7 days ago

    https://archive.ph/qUe7n Silver’s price blew through a 45-year-old record and has more than doubled in 2025. At $76.486, a troy ounce of silver is worth more than a barrel of oil in futures markets, where U.S. crude ended Friday at $56.74.

  • deHaga@feddit.uk
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    7 days ago

    Stacking shiny stuff has been the only decent bet I’ve made in the last 10 years

  • Gsus4@mander.xyz
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    7 days ago

    https://www.longtermtrends.com/copper-gold-ratio/

    • AtHeartEngineer@lemmy.world
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      6 days ago

      Very interesting, makes a lot of sense. Thanks for that

  • velindora@lemmy.cafe
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    7 days ago

    So that means gas prices are going down right?

    • omgboom@lemmy.dbzer0.com
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      7 days ago

      Gas is below $2 gallon near me, it’s been years since I’ve seen it that low. Low gas prices tend to happen during recessions due to lowered demand.

      • velindora@lemmy.cafe
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        7 days ago

        Rural area?

        • _wizard@lemmy.world
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          7 days ago

          Drove from NC to TX for the holidays. Cheapest fill was 2.18. I saw a loyalty program selling it for 1.89 which was crazy.

          • Gsus4@mander.xyz
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            7 days ago

            Is that for a gallon? Laughs in 1.7…Euro/L (7.5$/gal)

          • velindora@lemmy.cafe
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            7 days ago

            I’ll bet this is purposeful because of the Venezuela stuff. Cheap gas buys war votes.

          • burntbacon
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            7 days ago

            I think a relative said they were getting ridiculously cheap $1.60 gas from walmart for some usaa benefit. It’s definitely a little nutso.

    • radiofreebc@lemmy.world
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      7 days ago

      It means the price of everything consumers spend money on is going up.

  • Skeezix@lemmy.world
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    6 days ago

    Does the cost of a barrel of oil include the cost of the barrel itself?

    • AtHeartEngineer@lemmy.world
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      6 days ago

      Nope, doesn’t include shipping either, rip off

  • Tollana1234567@lemmy.today
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    6 days ago

    is the silver in gold-pressed silver.

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