the gold:silver mining ratio is 1:8, while currently priced at 1:100
silver is a vital component in military, electronics, green energy, batteries, medicine
it has unique properties for water purification and filtering systems
it's the most reflective and the most conductive metal, making it super usefull in industry
it's estimated you have 5-10 times more gold for investment form than silver, making it potentially way rarer
the equivalent of 70% of yearly production is destroyed because it is used in a non recyclable form such as printed circuit boards, while 98% of gold is recycled
you have to mine 12,5 tons of dirt to find only 1 gram of silver, yet it is worth less than a dollar.
from 2014 to 2019, the production decreased by 100M oz
in 2005, you had to process 9.4 M tons of ore to extract 123 M oz out of it. In 2019 it was 23.2 M tons to extract the same amount. Showing how scarce silver is getting worldwide
It is estimated that the silver mining supply will drop to zero by 2050
production is concentrated in a few countries (Peru, Mexico, China, Poland). China is already banning exportation.
silver is the MOST MANIPULATED asset on the markets, with 175 paper oz traded on the COMEX of each 1 oz existing. Silver is to banks what GME is to hedge funds. the potential gain are unimaginable.
Long story short: Silver is way more useful than gold yet way rarer and way cheaper. Today, this the most undervalued asset ever.
buying paper will not change anything, as it is manipulated.
only by buying physical you will hurt the bank and drive the price higher, as availability is scarce
This is the most exciting thing I've seen in many years. I only have a very modest stake in this compared to the smart people who have been stacking silver for years, decades even (hats off to you guys, finally about to pay off) but I'm on the edge of my seat waiting to see what happens when the market opens. I mean, you can literally watch shit go out of stock in real time on any site that sells silver right now. Fucking beautiful insanity.
Monday is going to be a bad day for Wall Street.
Freedom Day ??
Living on a ??
I’ve been collecting silver Eagles (and some gold) Since 1986. The wife thought I was an idiot. Who’s laughing now.
Please tell me guys! Do I have to buy silver or what?
yes
If you can't answer that question for yourself you need to do more research. Head over to wsbets.win and search 'silver' to learn more.
here is a quick redpill for you:
I bought a few silver shares last week.... Let's see what happens!
I’d much rather hold the product than fancy paper.
Agreed so I did both
Numismatic coins have too much of a premium for me. I stick to junk silver and fractional bullion - all I can afford. A little at a time.
As a complete novice who only just started paying attention to the stock market with $GME, how do you buy junk silver??
It's sometimes called 90% silver. Coins minted pre-1964. If you plug that into DuckDuckGo you will find lots of sites.
buying paper will not change anything, as it is manipulated. only by buying physical you will hurt the bank and drive the price higher, as availability is scarce
I guess I'm headed to the pawn shop.... :)
You need physical metal with quick access to it.
Well, shit. Womp. Womp.
Sucks because I was literally about to pull the trigger and buy silver bullion after years of thinking about it. lol
They halted selling till the market opens... $27.00 an oz too.... ????
Hoping to get lucky myself. Someone told me last Wednesday to buy some.... next time I’ll listen ? %.
I already counted my stack. I see a few years of not working in my future.
market opens at 5pm central US time, I can't wait to see this.
It's higher, but you can still buy jewelry supply silver.
PS I just bought a couple oz of silver wire on Etsy, price is up and stock is dwindling.
This is the most exciting thing I've seen in many years. I only have a very modest stake in this compared to the smart people who have been stacking silver for years, decades even (hats off to you guys, finally about to pay off) but I'm on the edge of my seat waiting to see what happens when the market opens. I mean, you can literally watch shit go out of stock in real time on any site that sells silver right now. Fucking beautiful insanity.
kek