this post was submitted on 26 Jul 2024
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cross-posted from: https://monero.town/post/3793583

Chart shows silver priced in Monero. Note that it's hit a recent low, meaning it takes less Monero to buy the same amount of silver. Timing is looking good for rebalancing or if you suspect grid down scenarios playing out as the election approaches.

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[โ€“] Berg@monero.town 3 points 1 month ago

In EU we have to pay VAT on silver, so it doesn't see much usage from what I seen. Only exchange traded paper silver is exempt AFAIK. Gold can be bought VAT free.

Do we talk about price here?