I thikn what they mean is that most silver boght in sold is paper silver, i.e it doesnt actually exist anywhere other than a database somewhere, may not have even been mined atall yet.
the only way to guarantee you actually have silver is to take delivery of the physical silver yourself.
And that would be an accurate assessment in that case.
However, this person also compared silver with tulips (if you're familiar with the reference), so, it is harder to associate that explanation.
Look, I don't have any significant vested interest in cryptos, fine as a currency, too much gamble for speculation, IMO. In spite that some cashed in big already.
Explain. I would love to see the mental gymnastics that allows you to draw that conclusion.
I thikn what they mean is that most silver boght in sold is paper silver, i.e it doesnt actually exist anywhere other than a database somewhere, may not have even been mined atall yet. the only way to guarantee you actually have silver is to take delivery of the physical silver yourself.
And that would be an accurate assessment in that case.
However, this person also compared silver with tulips (if you're familiar with the reference), so, it is harder to associate that explanation.
Look, I don't have any significant vested interest in cryptos, fine as a currency, too much gamble for speculation, IMO. In spite that some cashed in big already.