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.
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: