Ive done the hard math. The ACTUAL value of an ounce of Silver is $325oz. Strip away UNBACKED derivatives, adjust for inflation, acknowledge the massive deficits in the London AND COMEX free float (actual metal available for delivery), and assume a super conservative 1: 30-35 Gold to silver ratio … $325. When the world wakes up to the fact that Silver is the single most undervalued asset on the planet, the FOMO MIGHT (I dont think it will but many do) push it much higher.
By the way, LBMA is LYING through their fucking teeth about their free float. They have a clause in their holding contracts that allow them to access “fenced off” gold and silver if inventories run critically low. They include that ‘emergency reserve’ as free float. Thats bullshit, because any one of those true owners can roll up with a convoy of armoured trucks at any time, and leave out with their metals, and there aint shit the exchange can do about it.
If you use the historical ratio, silver would trade at 1:10 with gold, making it near $1,000 per oz., and this would be without factoring in the U.S. dollar materially depreciating from this point.
There are so many factors up in the air that it’s impossible to predict what the price will be in 5 years, but I do believe the tipping point will be when the fraud is exposed and the people (mostly well off boomers) holding paper silver realize that they actually don’t have any at all, you will see a frenzy the likes you have never seen before.
Looks like I need to consolidate my stash, lol, and get a count. Have some 10oz rounds might be for sale soon..
I thought you lost your stash in a boating accident?
No, that was my arsenal.
Ive done the hard math. The ACTUAL value of an ounce of Silver is $325oz. Strip away UNBACKED derivatives, adjust for inflation, acknowledge the massive deficits in the London AND COMEX free float (actual metal available for delivery), and assume a super conservative 1: 30-35 Gold to silver ratio … $325. When the world wakes up to the fact that Silver is the single most undervalued asset on the planet, the FOMO MIGHT (I dont think it will but many do) push it much higher.
By the way, LBMA is LYING through their fucking teeth about their free float. They have a clause in their holding contracts that allow them to access “fenced off” gold and silver if inventories run critically low. They include that ‘emergency reserve’ as free float. Thats bullshit, because any one of those true owners can roll up with a convoy of armoured trucks at any time, and leave out with their metals, and there aint shit the exchange can do about it.
If you use the historical ratio, silver would trade at 1:10 with gold, making it near $1,000 per oz., and this would be without factoring in the U.S. dollar materially depreciating from this point.
There are so many factors up in the air that it’s impossible to predict what the price will be in 5 years, but I do believe the tipping point will be when the fraud is exposed and the people (mostly well off boomers) holding paper silver realize that they actually don’t have any at all, you will see a frenzy the likes you have never seen before.
I hear ya...
Didn't get the Trading Places reference?
u/#ToTheMoon
u/#WoahCat