I think gold is being tamped diwn at the 1900 mark and silver at the 28 mark. That's the ceiling that they're fighting like vicious dogs to keep each metal under.
Silver is mined at 9:1 ratios to gold, but the industrial demand in electronics, green tech, and the medical field was already straining the available supply. I think mining covered 75% of demand and the rest is made up for through recycling.
As investor demand goes up, miners will realize that minters and the like would be willing to pay them more than COMEX and spot price will be ignored even if the manipulation doesn't stop.
Youre already seeing premiums (percentage added by the mints and retailers) increasing from what was just a couple to double/triple what it used to be.
Spot right now only applies to retailers as they slap on a hefty percentage to what they pay for when you and I buy because the demand is so obscene.
And awareness is only spreading. The subreddit r/wallstreetsilver went from like 40,000 apes a few mo ths ago to almost 120,000 right now and people are buying and buying. That only accounts for WSS people but there are many people buying from all iver the world outside of the community.
Actual countries like Russia, India, and CHYNA are buying up precious metals Like their lives depend on it.
Silver is due for a major correction upwards when the lid blows. The stars are aligning and as industrial demand continues to increase, at some point manipulation will mean nothing when supply and demand goes into effect and the banker tactics become akin to shoveling all if the water out of the ocean with a plastic sand castle paddle
Also r/wallstreetsilver if you take some time to read through you shall realize precious metals stackers are overall pretty fucking based.
Hey where do you buy from?
I ordered from apmex and silvergoldbull both great companies
Tx fren!!! Noted, been checking sources.
I really appreciate your input fren ??
I think gold is being tamped diwn at the 1900 mark and silver at the 28 mark. That's the ceiling that they're fighting like vicious dogs to keep each metal under.
Silver is mined at 9:1 ratios to gold, but the industrial demand in electronics, green tech, and the medical field was already straining the available supply. I think mining covered 75% of demand and the rest is made up for through recycling.
As investor demand goes up, miners will realize that minters and the like would be willing to pay them more than COMEX and spot price will be ignored even if the manipulation doesn't stop.
Youre already seeing premiums (percentage added by the mints and retailers) increasing from what was just a couple to double/triple what it used to be.
Spot right now only applies to retailers as they slap on a hefty percentage to what they pay for when you and I buy because the demand is so obscene.
And awareness is only spreading. The subreddit r/wallstreetsilver went from like 40,000 apes a few mo ths ago to almost 120,000 right now and people are buying and buying. That only accounts for WSS people but there are many people buying from all iver the world outside of the community.
Actual countries like Russia, India, and CHYNA are buying up precious metals Like their lives depend on it.
Silver is due for a major correction upwards when the lid blows. The stars are aligning and as industrial demand continues to increase, at some point manipulation will mean nothing when supply and demand goes into effect and the banker tactics become akin to shoveling all if the water out of the ocean with a plastic sand castle paddle