A proper win for silver will not be a temporary squeeze on the price and back to normal, it will be restoration to it's historical value as money, around 1:15-17 of a gold oz.
Slight aside, look up the Coinage Act of 1873, before that was passed, silver standard was the norm, not gold standard.
Fyi 1:10 appears to be the historical ratio going back to Roman times. Because many plentiful silver mines exhausted, current ratio being found/mined is 7:1 silver:gold, but only 20% is available for “currency” because 80% consumed by mfg.
1.4:1 looks like max possible, but range will likely be 4:1 to 7:1 gold:silver price ratio (unsuppressed). ~$343 per oz ($250-360 range) is proper current price for silver based on suppressed gold price of $2400 per oz.
Pretty much. It's mostly based on the general man's FOMO mentality. They'll start seeing the numbers go up, and think "Hey, I should get in on this while I can", thus driving prices up to a ridiculous number before people eventually stop buying and then it crashes.
how does a silver squeeze work? Will people buy silver at insane prices?
A proper win for silver will not be a temporary squeeze on the price and back to normal, it will be restoration to it's historical value as money, around 1:15-17 of a gold oz.
Slight aside, look up the Coinage Act of 1873, before that was passed, silver standard was the norm, not gold standard.
Fyi 1:10 appears to be the historical ratio going back to Roman times. Because many plentiful silver mines exhausted, current ratio being found/mined is 7:1 silver:gold, but only 20% is available for “currency” because 80% consumed by mfg.
1.4:1 looks like max possible, but range will likely be 4:1 to 7:1 gold:silver price ratio (unsuppressed). ~$343 per oz ($250-360 range) is proper current price for silver based on suppressed gold price of $2400 per oz.
You make sense, and the last few years of silver prices do not make sense. I'ma keep on hodling!
Not insane until well above all time highs ($50)
Will people buy , they would if they can find it. (unobtainium)
Give it another week or 2
Patience is a virtue
Pretty much. It's mostly based on the general man's FOMO mentality. They'll start seeing the numbers go up, and think "Hey, I should get in on this while I can", thus driving prices up to a ridiculous number before people eventually stop buying and then it crashes.