I believe JP Morgan shorts even more on their own. Every now and then they keep paying a fine. Let all these evil hordes get destroyed in the coming MOASS!
Every recent squeeze on silver is stopped by a giant leap in crypto. People immediately stop buying physical assets and dump their money into digital pretend money. It also happened with gme. I have never seems such a push into crypto as when game stonk was exploding.
There is a scam tailored to every IQ point. For the low IQ it is gift card scam or the Nigerian Prince scam. For computer savvy people it is crypto coins.
Or for those of us who understand programming and cryptography we know it is not a scam. The future of currency is digital cryptocurrency. That doesn’t mean they’re all winners.
Nah you're just smart enough to know what 'should' be the future of currency but too 'stupid' to realize that's just not how the world works. Betamax was better than VHS. Doesn't mean it won the war.
Not all digital currencies are cryptocurrencies and I'm rather tired of people who ignore the difference. The PTB want to get people on centralized digital currency like the Digital Yuan that they control, decentralized cryptocurrency is a threat to that. Bitcoin is definitely compromised and there has been some good digging into how that probably happened plus it's tied to Epstein while a lot of newer cryptos have better potential to do what Bitcoin originally set out to do.
Its literally in the name. Crypt is where dead things go. These people dont do this stuff by mistake, but what has silver always been regarded as? Precious metal.
If you know these creeps as well as I do you know they always make this stuff obvious.
And now the NFT craze, so a bunch of people wont even be able get even a fraction of their money back.
In an ideal economy, purchases are done face to face. The time of settlement is the time of payment, the two aren’t separated by days or weeks. It also encourages an economy to build in redundancy: if Amazon’s warehouse burns down, half the continent might be without stuff for a while. There is no way to burn down five hundred stores coast to coast though. And 500 stores coast to coast provide more jobs than a single multinational corp’s warehouse does.
Consider that in Japan, they all still use fax machines. Just because something uses more technology doesn’t make it better. We passed the peak long ago, and now we’re in techno hell, not techno paradise. Crypto promises more such hell, but I want to return to the “golden age.”
Theres a ton of other names it could be called, if you wanna close your eyes to the obvious meaning that up to you, just know the entire English language is crafted to keep us down, you can call me a fucking moron but that doesnt change it.
I dont know anything about crypto and I dont care too, ive been studying reality long enough to know anything all digital with a name like crypto and pushed as much by the system as it is its just a trap, but go ahead and waste your value on digital nonsense, I hope you can be one if the few who gets rich and not among the millions who get burned.
Two questions, please: Why is everyone talking about silver (and not gold) - and should I get into silver big, or is there no point since it's being manipulated as you say?
Silver is underpriced relative to gold. If we go to buying and selling with metals, silver is better for buying and selling less expensive items. For example, a silver dime is worth about the same as a loaf of bread. Gold is better for more expensive items, such as cattle, autos, or property.
The manipulation is a good thing for those of us buying silver, as it keeps the price lower than it ought to be. That means we can buy more.
If you have $1,000 to spend, you can get a lot of silver, but not even an ounce of gold.
If you agree gold is money, then you agree that the globalist bankers have the most financial might, as they have most of the gold in their vaults in Europe.
Same way that, if you agree bitcoins are money, then you agree China has the most financial might, as they make the miners and can run the miners with slave labour and have been doing so all along.
Silver is scarce enough to be money, and the bulk of it isn’t controlled by a single party so no one has an overwhelming historical advantage once it is recognized as money.
So you’re saying you sold all your physical silver and put your money into crypto and there was never a squeeze on silver. Huh. That’s kinda exactly what I said.
Silver gets super shorted and then crypto explodes. Silver never gets full squeeze and the criminal bankers make billions.
Im pretty sure the silver “rush” with GME was as a media psyop to take eyes off of GME. There was no silver squeeze as that would have been paper silver, not physical silver. Silver has been artificially price suppressed for many years though.
GME is likely shorted over a billion shares. Paper silver is worth jack shit. Physical silver is good. Invest accordingly.
You're confusing the shillery pushing people towards the ETF SLV (which did happen to distract people from GME) with the grassroots effort on physical silver which is still going on. r/WallStreetSilver is the home of that group after they got ejected from r/WallStreeBets like the GME people did. SLV was the psyop, not physical silver which they keep trying to FUD people away from.
Ive been going to the same two silver shops for 5 years and the only time Ive ever seen more than 2 or 3 people, including myself, in the shop was during this time, and this is with covid restrictions and everything in place.
I know its an anecdote but not eveeything is a psyop.
Your one silver coin hasn't lost anything at all. It's still worth approximately the same amount compared to most other commodities. A silver dime was worth a loaf of bread 60 years ago, and is worth a loaf of bread today.
The only time it would lose money is if you trade it for currency.
Here’s a question: Let’s say I have 100 ounces of silver, and the price goes up to an all time high, like 50 an ounce. Where does someone go sell the silver? Does the place I sell to give me the spot price? Or will they haggle with me?
Yeah the idea with silver isnt to cash in on a payday. If silver goes to $1000 an ounce then now you actually have wealth, keep it and pass it on. We've been sold this lie of spending every cent we have to stimulate the economy, but that leaves us nothing to pass on, and all of our wealth is out of our control. A store of precious metals is never out of your control, and if worse comes to worse, the Amish will take it for bread, eggs and milk.
Before the giant banks took over the economy and messed up everyone perception of value silver had a very consistent value from Ancient Roman times. The way I was told is that the average pay for a Roman worker was 1 tenth of an ounce per day. Im sure your pay each day could buy multiple ounces.
Back in the early days of England the pound was based on silver. 1 £ was 1 lb of silver, and a penny was silver, so imagine a piece of silver the size of a penny, and they would clip it into smaller pieces half penny and even a quarter penny. No one would really care about a half penny sized clipping of silver today, but all throughout history that had real value that you could buy something with, something handmade to last, in a rough living time, through multiple civilizations.
The value thats intrinsic and always has been to these metals doesnt disappear just because the DS has convinced a few generations of men it has, not when you can track the value through thousands of years. To me if you dont consistently buy silver if you have disposable income, you are a fool. Throughout thousands of years of civilization its never been this easy for a common man to acquire, but thats just how I look at it.
I hear silver is essentially rarer than gold due to the sheer amount of silver mining/prospecting that has been done throughout history especially recently. Silver has so many uses from medical applications to everyday industrial & technological applications. Definitely a nice hedge
At today’s spot price, that’s worth over $18B. It’s pretty widely known the price is manipulated down, but nobody knows the true value in a free market. Some say $50-100. Others will say closer to $500. Some people, with data to back it up, claim it could be valued over $2,000 per ounce. That would be $1.6 trillion if the manipulators lose control. But you’re right, it’s no big deal.
I don’t know if you’re being sarcastic but 1.6T literally is no big deal. Do you know how many tens of trillions both Trump and Biden printed in the last couple years?
Yeah good luck with that buyer protection, it's never helped me at all. Also a lot of counterfeit metals on eBay (silver or gold plated steel) so stick to actual bullion dealers.
They sold metal they do not have,after borrowing it from slv or whatever. If the try to buy it back , the price goes up so they can't afford it. The past year demand for silver has been very high,but they keep shorting the price down hoping we loose interest. Hasn't worked,they just dug a deeper hole. Goto r/ wallstreetsilver and read the DD
Shorting usually means selling without owning, so you are betting that the price of silver will drop. Once the drop has occured, you can buy silver at the now cheaper price and close your negative (since you sold at the beginning) position with a profit.
My local coin store will use a frequency analyzer (not sure what it’s really called) that can tell if the surface is at least real silver or gold. There are other ways of checking at home like a ping test, magnet slide, checking weight and measurements, etc. and none involve damaging your metal.
Old coins are good if the premiums are decent. Easily recognizable and verifiable, plus it’s the cheapest way to get fractional silver (increments of less than 1 oz.).
I've used SD Bullion, JM Bullion, APMEX, Gainesville Coins, Golden Eagle Coins, Money Metals Exchange, Golden State Mint without any issue. All have a free shipping threshold of $200 ($100 for Golden Eagle) but when there was a big spike in demand last spring some of the minimums jumped like APMEX wouldn't fulfill an order under $300 for a couple weeks. I prefer to go to my local shop as it's very good but a few times they got so wiped out there wasn't much to buy plus most of the online stores also take crypto so I cashed out my Bitcoin profits for silver.
The premium for silver these past couple years is ridiculous. I'll usually pay around $2/eagle over spot; now they're getting $10. I haven't made my 2021 or 22 purchases because of this. That's a big hill to climb if you ever want to exchange it.
I didnt pay that much but when i am anticipating economic & currency collapse and the value of gold & silver going up drastically, i find it a great way to unload worthless dollars for precious metals. I think ill come out ahead.
But when SHTF does it matter if it’s a silver “eagle” or one of the “on sale” coins/bars going for $26/oz including spot?(jmbullion fan here) I don’t get why people pay more for eagles or any higher priced silver than the cheapest .999 pure silver. No one will say “ohhhhhh that’s an Eagle here’s more” right? I stack least expensive. I know it’s not Q, although maybe with Gold and the Fed, but this could use sticky we have smart anons here. This is part of the great awakening.
That just shows how suppressed it really is, the premium reflects demand and shows the real price that they try to hide with spot like how they try to hide the true rate of inflation.
that mark-up that they call premium actually reflects the true price of silver. You do know that the spot is manipulated don't you? The bigger the premium, the larger the deception. Anyway you should at least pay for the minting, as insurance.
Absolutely. JM Bullion. If you don’t like the person you deal with call back and get someone else. I got Laura in the IRA dept. So helpful and knowledgeable. They have thousands of good reviews. I got 225 ounces of silver and 3 ten ounce bars for $8,161. Took a week. Looking at them now. The UPS driver almost croaked carrying them down our hill.
Even the published amount above ground comes to less than 1 oz per person on the planet, if you've already been stacking dozens or hundreds of ounces you're a 1%er of a sort. Another reason why the Green New Deal and such are a scam, there isn't enough raw material to even do a fraction of what they claim they want to so unless you find an asteroid to mine it's all a pipe dream (and if you could mine the asteroid the GND would be defunct anyway.)
Silver has huge industrial demand and presently the price of one ounce of platinum equals 42 ounces of silver. Gold: 1 ounce gold = 80 ounces of silver.. Down the road when the true ratio of gold/silver comes back (every ounce of gold pulled out of the ground, 10 ounces of silver )...
Platinum used to be the industrial metal and has been replaced by palladium. BS, rhodium is at $13,300/ounce Check grammas jewelry for rhodium bracelets
🤔
If the supply was 100x higher then they wouldn't bother suppressing the price, it'd be as "cheap" as copper or steel. This isn't like diamonds where they suppress the supply to drive up the price.
10years ago began my big silver stack for a couple years, thanks to a couple inheritances. bought cheap slowly sold off higher but kept a reserve. just a regret or two, but just how much is too much silver?? We will ALL find out soon...
I believe JP Morgan shorts even more on their own. Every now and then they keep paying a fine. Let all these evil hordes get destroyed in the coming MOASS!
Fun fact: BOA is the biggest banking service provider to the illegals community.
Bingo
And also at least half-owned by China.
Every recent squeeze on silver is stopped by a giant leap in crypto. People immediately stop buying physical assets and dump their money into digital pretend money. It also happened with gme. I have never seems such a push into crypto as when game stonk was exploding.
Crypto is scam on the People by the elite.
There is a scam tailored to every IQ point. For the low IQ it is gift card scam or the Nigerian Prince scam. For computer savvy people it is crypto coins.
Or for those of us who understand programming and cryptography we know it is not a scam. The future of currency is digital cryptocurrency. That doesn’t mean they’re all winners.
Nah you're just smart enough to know what 'should' be the future of currency but too 'stupid' to realize that's just not how the world works. Betamax was better than VHS. Doesn't mean it won the war.
Not all digital currencies are cryptocurrencies and I'm rather tired of people who ignore the difference. The PTB want to get people on centralized digital currency like the Digital Yuan that they control, decentralized cryptocurrency is a threat to that. Bitcoin is definitely compromised and there has been some good digging into how that probably happened plus it's tied to Epstein while a lot of newer cryptos have better potential to do what Bitcoin originally set out to do.
https://www.youtube.com/watch?v=5pHGi0nQMqs
Not even close to an equivalent comparison. BTW, some homework if your stupid mind can handle it: Monero
You’re welcome
GME is a way to wake up some redditors by bribing them with the promise of money
Its literally in the name. Crypt is where dead things go. These people dont do this stuff by mistake, but what has silver always been regarded as? Precious metal.
If you know these creeps as well as I do you know they always make this stuff obvious.
And now the NFT craze, so a bunch of people wont even be able get even a fraction of their money back.
Read the original whitepaper. Not once was the word cryptocurrency used.
Where in the white paper are these problems solved:
there’s no chips in the world that can be trusted
there’s no miner in the world that can be trusted
there’s no OS in the world that can be trusted
there’s no software in the world that can be trusted, including Satoshi Nakamoto’s software
there’s no encryption protocol in the world that can be trusted
Seems like there is a great profit opportunity for you then, if thats the case.
In silver, agreed.
Good luck paying for anything with it online :)
Online shopping is a symptom of our sick economy.
In an ideal economy, purchases are done face to face. The time of settlement is the time of payment, the two aren’t separated by days or weeks. It also encourages an economy to build in redundancy: if Amazon’s warehouse burns down, half the continent might be without stuff for a while. There is no way to burn down five hundred stores coast to coast though. And 500 stores coast to coast provide more jobs than a single multinational corp’s warehouse does.
Consider that in Japan, they all still use fax machines. Just because something uses more technology doesn’t make it better. We passed the peak long ago, and now we’re in techno hell, not techno paradise. Crypto promises more such hell, but I want to return to the “golden age.”
Cryptography. You fucking moron
Theres a ton of other names it could be called, if you wanna close your eyes to the obvious meaning that up to you, just know the entire English language is crafted to keep us down, you can call me a fucking moron but that doesnt change it.
Me calling you a moron doesn’t change your ignorance of the fucking field of cryptography. That’s correct.
I dont know anything about crypto and I dont care too, ive been studying reality long enough to know anything all digital with a name like crypto and pushed as much by the system as it is its just a trap, but go ahead and waste your value on digital nonsense, I hope you can be one if the few who gets rich and not among the millions who get burned.
Two questions, please: Why is everyone talking about silver (and not gold) - and should I get into silver big, or is there no point since it's being manipulated as you say?
Silver is underpriced relative to gold. If we go to buying and selling with metals, silver is better for buying and selling less expensive items. For example, a silver dime is worth about the same as a loaf of bread. Gold is better for more expensive items, such as cattle, autos, or property.
The manipulation is a good thing for those of us buying silver, as it keeps the price lower than it ought to be. That means we can buy more.
If you have $1,000 to spend, you can get a lot of silver, but not even an ounce of gold.
Interesting, thanks!
If you agree gold is money, then you agree that the globalist bankers have the most financial might, as they have most of the gold in their vaults in Europe.
Same way that, if you agree bitcoins are money, then you agree China has the most financial might, as they make the miners and can run the miners with slave labour and have been doing so all along.
Silver is scarce enough to be money, and the bulk of it isn’t controlled by a single party so no one has an overwhelming historical advantage once it is recognized as money.
So you’re saying you sold all your physical silver and put your money into crypto and there was never a squeeze on silver. Huh. That’s kinda exactly what I said.
Silver gets super shorted and then crypto explodes. Silver never gets full squeeze and the criminal bankers make billions.
When game stop was going crazy, there was a huge rush on physical silver. https://www.coinworld.com/news/precious-metals/demand-for-bullion-products-forces-retailers-to-suspend-some-silver-sales
This was February 21. Bitcoin increased 21% between February and March. The insatiable demand for silver dropped away.
Im pretty sure the silver “rush” with GME was as a media psyop to take eyes off of GME. There was no silver squeeze as that would have been paper silver, not physical silver. Silver has been artificially price suppressed for many years though.
GME is likely shorted over a billion shares. Paper silver is worth jack shit. Physical silver is good. Invest accordingly.
You're confusing the shillery pushing people towards the ETF SLV (which did happen to distract people from GME) with the grassroots effort on physical silver which is still going on. r/WallStreetSilver is the home of that group after they got ejected from r/WallStreeBets like the GME people did. SLV was the psyop, not physical silver which they keep trying to FUD people away from.
Gotcha. Yes, I do agree.
Ive been going to the same two silver shops for 5 years and the only time Ive ever seen more than 2 or 3 people, including myself, in the shop was during this time, and this is with covid restrictions and everything in place.
I know its an anecdote but not eveeything is a psyop.
spy?
If you expected silver to rocket in a single year like a shitcoin you didn't know the long game you were get into.
Your one silver coin hasn't lost anything at all. It's still worth approximately the same amount compared to most other commodities. A silver dime was worth a loaf of bread 60 years ago, and is worth a loaf of bread today.
The only time it would lose money is if you trade it for currency.
Silver and gold are true stores of wealth.
Yep, metals are the long play while crypto and GME are short term.
https://youtu.be/M5a-f9a_B4M
Here’s a question: Let’s say I have 100 ounces of silver, and the price goes up to an all time high, like 50 an ounce. Where does someone go sell the silver? Does the place I sell to give me the spot price? Or will they haggle with me?
You would get spot more than likely, but really it’s more about a storage of wealth that’s immune to inflation.
Yeah the idea with silver isnt to cash in on a payday. If silver goes to $1000 an ounce then now you actually have wealth, keep it and pass it on. We've been sold this lie of spending every cent we have to stimulate the economy, but that leaves us nothing to pass on, and all of our wealth is out of our control. A store of precious metals is never out of your control, and if worse comes to worse, the Amish will take it for bread, eggs and milk.
I was just curious how the selling went. Do you take a hit on the front and back end?
I have a moonshine still I was gifted years ago and only used 2x. Going to start producing/aging/storing booze for trade.
I would wait till there is REAL PM backed currency... The yield is unknown at this time but, has a potential 'knock your sox off' impact..
I would, but all my money is in GME
Before the giant banks took over the economy and messed up everyone perception of value silver had a very consistent value from Ancient Roman times. The way I was told is that the average pay for a Roman worker was 1 tenth of an ounce per day. Im sure your pay each day could buy multiple ounces.
Back in the early days of England the pound was based on silver. 1 £ was 1 lb of silver, and a penny was silver, so imagine a piece of silver the size of a penny, and they would clip it into smaller pieces half penny and even a quarter penny. No one would really care about a half penny sized clipping of silver today, but all throughout history that had real value that you could buy something with, something handmade to last, in a rough living time, through multiple civilizations.
The value thats intrinsic and always has been to these metals doesnt disappear just because the DS has convinced a few generations of men it has, not when you can track the value through thousands of years. To me if you dont consistently buy silver if you have disposable income, you are a fool. Throughout thousands of years of civilization its never been this easy for a common man to acquire, but thats just how I look at it.
I hear silver is essentially rarer than gold due to the sheer amount of silver mining/prospecting that has been done throughout history especially recently. Silver has so many uses from medical applications to everyday industrial & technological applications. Definitely a nice hedge
So how does one cash in on this BoA crisis?
I mostly buy physical silver,you can also buy PSLV Canadian silver trust. Don't buy SLV it's mostly paper silver.
This. I also have some puts on BoA stock but that's more risk as they can expire worthless if your predicted date is wrong.
I bought a few calls on first majestic silver,just for fun.
$800 million is nothing. When you’re talking hundreds of billions or several trillions you’ll perk my interest
They’re shorting 800 million OUNCES of silver, not dollars.
I’m aware
At today’s spot price, that’s worth over $18B. It’s pretty widely known the price is manipulated down, but nobody knows the true value in a free market. Some say $50-100. Others will say closer to $500. Some people, with data to back it up, claim it could be valued over $2,000 per ounce. That would be $1.6 trillion if the manipulators lose control. But you’re right, it’s no big deal.
I don’t know if you’re being sarcastic but 1.6T literally is no big deal. Do you know how many tens of trillions both Trump and Biden printed in the last couple years?
$1.6T can still buy a lot of land and resources. One day, maybe a loaf of bread if we go to hyperinflation. But today, that’s still a lot of money.
I buy gold and silver on ebay. Is that a bad idea? I think it's pretty competitive with other sellers.
Its not a bad idea you just have to go with trusted sellers. Lots of major stackers use Ebay.
Very very easy to get ripped off, unless you’re buying from one of the major websites eBay accounts, which often have better deals.
EBay has buyer protection.
Yeah good luck with that buyer protection, it's never helped me at all. Also a lot of counterfeit metals on eBay (silver or gold plated steel) so stick to actual bullion dealers.
Bitcoin, GameStop, Gold, Silver.... how do these people afford to keep suppressing everything?
They print money by the hundred billion
Cash in your fiat currency before it's worthless, buy local and try not to get scammed
Yall frogs love talking about silver.
What does shorting mean?
They sold metal they do not have,after borrowing it from slv or whatever. If the try to buy it back , the price goes up so they can't afford it. The past year demand for silver has been very high,but they keep shorting the price down hoping we loose interest. Hasn't worked,they just dug a deeper hole. Goto r/ wallstreetsilver and read the DD
Shorting usually means selling without owning, so you are betting that the price of silver will drop. Once the drop has occured, you can buy silver at the now cheaper price and close your negative (since you sold at the beginning) position with a profit.
So basically gambling.
Gambling with the possibility of infinite losses. WAY riskier.
My local coin store will use a frequency analyzer (not sure what it’s really called) that can tell if the surface is at least real silver or gold. There are other ways of checking at home like a ping test, magnet slide, checking weight and measurements, etc. and none involve damaging your metal.
Old coins are good if the premiums are decent. Easily recognizable and verifiable, plus it’s the cheapest way to get fractional silver (increments of less than 1 oz.).
You won’t have that problem with JM Bullion. Check them out.
Any trusted sites you purchase silver from we could use?
All the major dealers are good sd bullion, apmex jm bullion and your local coin/bullion shop
Me too. I can vouch for jm bullion
I've used SD Bullion, JM Bullion, APMEX, Gainesville Coins, Golden Eagle Coins, Money Metals Exchange, Golden State Mint without any issue. All have a free shipping threshold of $200 ($100 for Golden Eagle) but when there was a big spike in demand last spring some of the minimums jumped like APMEX wouldn't fulfill an order under $300 for a couple weeks. I prefer to go to my local shop as it's very good but a few times they got so wiped out there wasn't much to buy plus most of the online stores also take crypto so I cashed out my Bitcoin profits for silver.
The premium for silver these past couple years is ridiculous. I'll usually pay around $2/eagle over spot; now they're getting $10. I haven't made my 2021 or 22 purchases because of this. That's a big hill to climb if you ever want to exchange it.
I didnt pay that much but when i am anticipating economic & currency collapse and the value of gold & silver going up drastically, i find it a great way to unload worthless dollars for precious metals. I think ill come out ahead.
Silver acts like a commodity. The price will tank with the coming recession.
But when SHTF does it matter if it’s a silver “eagle” or one of the “on sale” coins/bars going for $26/oz including spot?(jmbullion fan here) I don’t get why people pay more for eagles or any higher priced silver than the cheapest .999 pure silver. No one will say “ohhhhhh that’s an Eagle here’s more” right? I stack least expensive. I know it’s not Q, although maybe with Gold and the Fed, but this could use sticky we have smart anons here. This is part of the great awakening.
Easier to trade eagles because it's a known entity. Also dealers will pay some premium over spot for eagles depending on the year.
That just shows how suppressed it really is, the premium reflects demand and shows the real price that they try to hide with spot like how they try to hide the true rate of inflation.
^this
Ys the Eagle premium is high. I've been getting nice new shiny silver rounds instead.
that mark-up that they call premium actually reflects the true price of silver. You do know that the spot is manipulated don't you? The bigger the premium, the larger the deception. Anyway you should at least pay for the minting, as insurance.
I use APMEX
I’ve been really happy with Money Metals Exchange.
I use them as well.
GainesvilleCoins.com ProvidentMetals.com ScottsdaleMint.com
FYI Provident is JM Bullion, it looks like JM bought them sometime before last year and their online catalog is nearly identical.
I have had good experiences with JM Bullion.
Same, I like SD Bullion as well but their stock got really low for a while. APMEX seems to be the most reliable supply wise.
Absolutely. JM Bullion. If you don’t like the person you deal with call back and get someone else. I got Laura in the IRA dept. So helpful and knowledgeable. They have thousands of good reviews. I got 225 ounces of silver and 3 ten ounce bars for $8,161. Took a week. Looking at them now. The UPS driver almost croaked carrying them down our hill.
Even the published amount above ground comes to less than 1 oz per person on the planet, if you've already been stacking dozens or hundreds of ounces you're a 1%er of a sort. Another reason why the Green New Deal and such are a scam, there isn't enough raw material to even do a fraction of what they claim they want to so unless you find an asteroid to mine it's all a pipe dream (and if you could mine the asteroid the GND would be defunct anyway.)
Silver has huge industrial demand and presently the price of one ounce of platinum equals 42 ounces of silver. Gold: 1 ounce gold = 80 ounces of silver.. Down the road when the true ratio of gold/silver comes back (every ounce of gold pulled out of the ground, 10 ounces of silver )...
Platinum used to be the industrial metal and has been replaced by palladium. BS, rhodium is at $13,300/ounce Check grammas jewelry for rhodium bracelets 🤔
If the supply was 100x higher then they wouldn't bother suppressing the price, it'd be as "cheap" as copper or steel. This isn't like diamonds where they suppress the supply to drive up the price.
10years ago began my big silver stack for a couple years, thanks to a couple inheritances. bought cheap slowly sold off higher but kept a reserve. just a regret or two, but just how much is too much silver?? We will ALL find out soon...