If we think (and there have been numerous posts here to support this idea) that all major banks are going to fail because of over-investing in derivatives, what should we do if we have money in those banks? Pull it out in cash? Convert it to silver or gold? Put the cash under our mattress? And will cash be worth anything?
So if we have cash in checking or savings with a bank, how can we protect our assets?
Remember every ounce of silver you buy messes with the system. If every Trump supporter went out and bought a single ounce it would already be done..
Full disclosure i am a layman, i dont have any formal education on stocks or anything financial, i am simply and internet researcher parroting much smarter peoples opinions, that logically make sense to me.
More silver is sold on the stock exchange then is mined every year, like 100 times the amount. There is also other fuckery like being shorted by billionaires but the mining is the easiest to wrap your head around.
If several million physical ounces were bought in a day, the prices would shoot up. Mints and mines everywhere would say they have to limit how much can be sold to make up for it, while industries that use silver are trying to buy it up because the price is going up. People who have paper silver stocks would get scared that their silver stocks won't get paid out as theres a global shortage, and start requesting their stocks in physical silver. Companies will not be able to pay out all the silver stocks and it will kill any trust in paper silver, and effectively destroy the paper silver market completely. This should destroy the entire stock market aswell as silver is a big thing and the stock market is very unstable.
Once the paper silver market is gone so is the system that's manipulates its prices, no more shorting or lowering the price with fake extra supply. Plus all the paper silver holders will be fighting over what physical silver is available to pay out to them, plus the industries trying to get it. All of this will raise the prices above even the historical value.
Yup. The real silver prices are much much higher.
Another tip here is that even a silver chain is a good investment. The premiums are high on chains but those premiums will also go up, and potentially much much higher if jewlery shops can't get ahold of silver to make more chains. Plus it's wealth you can wear.