How are those fake coins? They might not be considered legal tender, and I will say I'm unfamiliar with what that means, but those coins are 1 oz of silver and thus should be worth the going rate of 1 oz silver. There are legal tender coins. I think the 1 oz Canadian Maple Leaf says $5 on it, but no one in their right might would use 1 oz silver in exchange for $5, at least not at today's price.
It is a huge sink of demand for a product is the important part of what I am claiming. People just simply buying it for its pure intrinsic value of scarcity, hiding it away, increasing its scarcity. And even doing this does not increase its value.
How do you keep the price of sliver down to only a supposed value of 2% of what a person claims it should be ($1000) while having such huge demand placed on the silver?
They make real coins out of it too and sell to collectors. There is a massive jewelry demand on silver. There is a huge industrial demand on silver.
But with all these demands on a product that is slow to produce more and more of, people are screaming, enough so to downvote me massively, that it is under valued by 50 times.
Where is the depressed demand for silver to cause this difference? It does not exist, which is what my point is. There is lots of demand for silver, but the price is what the price is. How is its value being spiked down? What pressure? Can anyone explain that?
The only way silver could possibly end up with a value of $1000 is if there is a fake demand for it. The government would have to deem its value at $1000. It would have to FORCE people to demand it.
Gold on the other hand is a far superior form of money. Which is evidenced by the fact that almost none of the mined gold throughout history has ever been lost. When you look at silver, nearly 1/2 of all mined silver has been lost. Not valued enough to recover.
Anyways, I have read about 20 reports over 35 years arguing that silver is going to go BOOM, and the one thing missing from every single last one of them is the process by which silver demand spikes at such a rate that the value becomes some mythical multiple of what it was at the time of writing.
As with everything, something is worth what someone else is willing to pay for it. I get the impression that some people think the value of precious metals is inversely proportional to the value of the dollar. As we print more and more money it gets devalued and thus the value of the precious metals should be rising. And I think the thinking goes, the value of the precious metals is much less than it should be based on the value of the dollar and thus it's assumed the value of the precious metals is being purposely manipulated. I don't have an opinion since I haven't been following it closely.
That being said, this whole silver thing has got me thinking that I should probably add physical precious metals to my portfolio.
How are those fake coins? They might not be considered legal tender, and I will say I'm unfamiliar with what that means, but those coins are 1 oz of silver and thus should be worth the going rate of 1 oz silver. There are legal tender coins. I think the 1 oz Canadian Maple Leaf says $5 on it, but no one in their right might would use 1 oz silver in exchange for $5, at least not at today's price.
It is a huge sink of demand for a product is the important part of what I am claiming. People just simply buying it for its pure intrinsic value of scarcity, hiding it away, increasing its scarcity. And even doing this does not increase its value.
How do you keep the price of sliver down to only a supposed value of 2% of what a person claims it should be ($1000) while having such huge demand placed on the silver?
They make real coins out of it too and sell to collectors. There is a massive jewelry demand on silver. There is a huge industrial demand on silver.
But with all these demands on a product that is slow to produce more and more of, people are screaming, enough so to downvote me massively, that it is under valued by 50 times.
Where is the depressed demand for silver to cause this difference? It does not exist, which is what my point is. There is lots of demand for silver, but the price is what the price is. How is its value being spiked down? What pressure? Can anyone explain that?
The only way silver could possibly end up with a value of $1000 is if there is a fake demand for it. The government would have to deem its value at $1000. It would have to FORCE people to demand it.
Gold on the other hand is a far superior form of money. Which is evidenced by the fact that almost none of the mined gold throughout history has ever been lost. When you look at silver, nearly 1/2 of all mined silver has been lost. Not valued enough to recover.
Anyways, I have read about 20 reports over 35 years arguing that silver is going to go BOOM, and the one thing missing from every single last one of them is the process by which silver demand spikes at such a rate that the value becomes some mythical multiple of what it was at the time of writing.
As with everything, something is worth what someone else is willing to pay for it. I get the impression that some people think the value of precious metals is inversely proportional to the value of the dollar. As we print more and more money it gets devalued and thus the value of the precious metals should be rising. And I think the thinking goes, the value of the precious metals is much less than it should be based on the value of the dollar and thus it's assumed the value of the precious metals is being purposely manipulated. I don't have an opinion since I haven't been following it closely.
That being said, this whole silver thing has got me thinking that I should probably add physical precious metals to my portfolio.