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?
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.