Michael Oliver: Silver To $300-500 This Summer....

- YouTube YouTube

He has very good arguments for this but I'll believe it when I see it. However I remember last year scoffing at hitting $40 and here we are $70+.

It would be nice for those who own it but even at $121 in January it was still fundamentally undervalued and never hit its inflation all time high.

On May 28, 2026, MoneyMan said:

It would be nice for those who own it but even at $121 in January it was still fundamentally undervalued and never hit its inflation all time high.

It never hit an inflation adjusted high? What was it?

On Jun 1, 2026, DavidB said:

It never hit an inflation adjusted high? What was it?

It was $50 in 1980. According to the CPI inflation, that is $199 by today's currency. Although we all know the CPI is fake and not true it would be best to calculate it by M2. M2 money-supply represents most of the money in circulation. It comprises of hard cash, digital bank accounts, checks and other paper assets handled as money like Treasury bills, municipal notes etc. M2 in circulation is reported by central banks.

As of May 4, 2026, the M2 money supply is $22.9 trillion, growing at 5.42% year-over-year, with the inflation rate at 3.81%. So the real inflation rate is that 5.42%. That's how quickly, in a year, your currency is being devalued. If you do not get a raise that matches that, you are actually getting a pay decrease in effect.