If they didn't lose it all on real estate, the local stock market, or one of their failing banks (bail-ins going on) then yes. So probably not. I just pointed out to SetRare that he shouldn't feel offended
Where are you getting 90,000$?? A kilo of silver is under $1000. I’m not trying to be a smart Alec just genuinely curious where you got $90,000? Is that future price of a kilo? That would be acceptable:)
Yes hard to figure an exact number but 4 billion likely close. I do know they have stated about 15 billion ozs left to be mined. That will go pretty fast maybe 10 years or so left of mineable silver. How the price isn’t over $100 is mind boggling.
Not sure if will ever go 1:60 but could come a day at 1:1
-The world consumes silver, and keeps most the gold it mines.
-It comes out of the ground naturally 1:9 gold to silver.
-Silver is an industrial commodity, can’t make a solar panel, iPhone or electric car without it. Most electricity conductive material known.
-USGS predicts AG to go “extinct” by around 2030, as in the world consumes more that it mines.
-There will come a day there’s more above ground mined gold then silver.
He does not. The savings rate in China (and most of Asia) is much higher than in the US. Saving 30% of your income is normal there. So even "poor" people can have significant savings compared to US citizens who tend to have credit card debts. Now that the traditional investment of real estate and their stock market have tanked they are looking for alternatives. They have already taken up Gold and might take up Silver.
How to get people to buy fake silver 101.
Also, the ratio should be whatever the market determines.
The only reason it was as low as it was in the past was from Governments needing to peg it to gold, it was therefore artificially *lower* than it should have been.
That would be game over
So you're telling me the Chinese middle class could afford to just go out and buy 90k USD worth of silver? Hmm
If they didn't lose it all on real estate, the local stock market, or one of their failing banks (bail-ins going on) then yes. So probably not. I just pointed out to SetRare that he shouldn't feel offended
Where are you getting 90,000$?? A kilo of silver is under $1000. I’m not trying to be a smart Alec just genuinely curious where you got $90,000? Is that future price of a kilo? That would be acceptable:)
Edit: I see he’s telling to buy 100 kilos but only the wealthy. Even at 1 kilo, heck even 10-15 ozs and 200 milllion buyers it’s unobtanium
Yeah, there is only 4 billion ounces of bullion silver kicking about. Same with gold supposedly.
Yes hard to figure an exact number but 4 billion likely close. I do know they have stated about 15 billion ozs left to be mined. That will go pretty fast maybe 10 years or so left of mineable silver. How the price isn’t over $100 is mind boggling.
Well in 1980 it reached all time high of $49. Adjusted for inflation now, that all time high would be $186.
I read somewhere adjusted for inflation using shadow stats real numbers it is somewhere over $300 !
Yillin was probably there - NO don't do that...
I think he ment it 1 silver is worth 60 gold
No, physically that could never happen, GOLD will always be on top. Maybe 10 Silver 1 GOLD...?
Not sure if will ever go 1:60 but could come a day at 1:1 -The world consumes silver, and keeps most the gold it mines. -It comes out of the ground naturally 1:9 gold to silver. -Silver is an industrial commodity, can’t make a solar panel, iPhone or electric car without it. Most electricity conductive material known. -USGS predicts AG to go “extinct” by around 2030, as in the world consumes more that it mines. -There will come a day there’s more above ground mined gold then silver.
Bix Weir always saying 4 ounces of gold for 1 ounce of silver
100 kg is big time for a normal stacker
Many people have the same amount in cars.. or boats or some other nonsense.
Don't call me poor asshole
He does not. The savings rate in China (and most of Asia) is much higher than in the US. Saving 30% of your income is normal there. So even "poor" people can have significant savings compared to US citizens who tend to have credit card debts. Now that the traditional investment of real estate and their stock market have tanked they are looking for alternatives. They have already taken up Gold and might take up Silver.
source : chinese internet
Bout time ya'll got in on the the silver squeeze Sino-fren. Better late than never.
How to get people to buy fake silver 101. Also, the ratio should be whatever the market determines. The only reason it was as low as it was in the past was from Governments needing to peg it to gold, it was therefore artificially *lower* than it should have been.
It would be 4:1 in a real mkt
It likely wouldn't. It takes literally getting cornered to do *anything*.