AAAU - Motivated Reasoning About Silver

• The dollar has (by far) the greatest quantity, and yet, far from the least purchasing power. It is one of the strongest currencies, despite - or perhaps because of - this fact. Also, the price of silver measured in dollars does not go up as a function of increases in the quantity of dollars.
• Therefore, the logic of silver becoming more valuable strictly on account of its decreasing quantity is broken.
• Silver is going up! It’s easy to lose sight of where things are headed, and why we took what might have been an inconceivable action before 2008 - buying silver - because the price action is exciting.

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