did the math on $1,000 of silver bought in 2020. it’s worth $3,260 now

Silver averaged $20.55 in 2020, so a grand got you 48.66 oz. At $67 today that’s $3,260.

Sounds like 3.26x until you factor in 29% inflation since then. Real gain is closer to 2.53x. Still good, just not the number people post.

Simpler way to see it: an ounce bought about 9 gallons of gas back then, buys 16 now.

Entry point mattered way more than anything else:

March 2020 crash at $11.94 → $5,611
2020 average at $20.55 → $3,260
August top at $29.86 → $2,244

Even the worst day of 2020 beat inflation.

Two things nobody mentions. That stack was worth $5,921 in January when we hit $121, so we’re 45% off the high. And this is all spot, premiums were $8-12 over in 2020, so most of us really walked away with 36 oz not 48.

what was your 2020 entry?