If Silver really went anywhere near $2k / oz, plan on everyone melting down their tv's and phones and any other gadgets that have silver in them. All these solar panels everywhere.......imagine how much those would be worth melted down.
You'd have to sell phones, tvs, etc for at LEAST the price of the silver contained in them, which would make them insanely expensive. Then people will just go melt them down anyway.
You can't even keep people from stealing copper Tesla charging cables, and copper is cheap AF by comparison.
Just my own thought. Maybe Im way off.
Honestly, though, Im perfectly happy to go back to the stone age with stacks of silver in my cave.
The amount of Silver in most devices is extremely small. The technology to remove the silver in usable form isn't available to most people and would cost something to implement. So no, that isn't going to be the determining factor here. Yes, the cost of these items will go up and likely slow demand. But that will just ensure that silver is properly allocated due to it's scarcity. The more frivolous uses will go away. Maybe getting everyone to buy solar panels is a way to more widely disburse this valuable asset amongst the population? Perhaps in the future everyone will be taking down their panels and cashing in? Who knows, maybe that's the plan?
So if all the manipulation were suddenly removed, what would the real price of silver be? Anyone?
IDK. Might ruin technology as we know it.
If Silver really went anywhere near $2k / oz, plan on everyone melting down their tv's and phones and any other gadgets that have silver in them. All these solar panels everywhere.......imagine how much those would be worth melted down.
You'd have to sell phones, tvs, etc for at LEAST the price of the silver contained in them, which would make them insanely expensive. Then people will just go melt them down anyway.
You can't even keep people from stealing copper Tesla charging cables, and copper is cheap AF by comparison.
Just my own thought. Maybe Im way off.
Honestly, though, Im perfectly happy to go back to the stone age with stacks of silver in my cave.
The amount of Silver in most devices is extremely small. The technology to remove the silver in usable form isn't available to most people and would cost something to implement. So no, that isn't going to be the determining factor here. Yes, the cost of these items will go up and likely slow demand. But that will just ensure that silver is properly allocated due to it's scarcity. The more frivolous uses will go away. Maybe getting everyone to buy solar panels is a way to more widely disburse this valuable asset amongst the population? Perhaps in the future everyone will be taking down their panels and cashing in? Who knows, maybe that's the plan?
Great thoughts!