Silver?
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This was my understanding as well for quite some time. All one has to do is look at the historic relative value between silver and gold, and realize that we're destroying exponentially more silver than we ever were in electronics manufacturing, to know the current price of silver is artificially deflated.
However, seeing Alex Jones back it up gives me reason to believe that narrative could be wrong.
Silver is coming out of the ground at a ratio of approx 7:1 vs gold and is currently priced at 80:1. Also, 75% of silver mined every year is destroyed in industry whereas gold is not destroyed at all. So, by this logic available gold and silver each year are approx equal and there is a solid argument they should be valued at 1:1
Gold is destroyed at a much lower rate, but it is consumed for various uses. Just FYI. Additionally, it's worth noting that silver is mined at a much higher rate than gold, and has less intrinsic (call it religious if you like) value than gold, so I don't imagine it would ever see a 1:1 value.
But yeah, the historically consistent price of silver compared with both labor and gold until the 20th century shows that our modern wealth system is WAY out of whack and cannot be sustainable.
I favor silver more than gold for a long-term commodity investment because it is deflated, and because there is more of it, so it's harder to control compared to gold, which is primarily owned by those few families that control the banks. However, depending on how much you're investing, silver isn't always viable due to the physical space limitations.
I'd like to believe we'll see 1:1, but I don't think we will either. Historically it was priced around the ratio it was being mined at (ballpark 12:1-16:1). Would love to see it at 7-8:1 that it's being mined at today. Otherwise I'd agree fully with your post. Very well said. Stack on fren.
It's could very well be more than gold if what bic says is true about the grand canyon being flooded with gold
Yea this totally fits with what GME apes have been experiencing for awhile. A lot of media outlets started pushing silver as the new GME trying to get them to paper hand and buy into something that is even more easily manipulated by the market makers.
It’s not that they’re wrong about silver, it’s just such an unrealistic long term play with no reason to believe they’ll ever lose their control over it. And I say that as someone who holds silver and will always hold silver.
This is actually part of one of the DD's on superstonk and isn't unique to just Silver. They have been fabricating shares marketwide for years and it is a bubble that is destined to burst.
Alex Jones is part of the DD on superstonk? I have literally only seen people be wary of buying silver and anyone pushing silver on all the GME related subs.