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Message Subject
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Silver still flying off the shelves
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Poster Handle
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jlee2027 |
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Post Content
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Can you explain the silver squeeze thing.
So paper silver is entirely different than physical silver. Paper silver is going to end up in class action suits because they can't produce the physical and lots of people will lose tons of money. We know this part.
Physical is limited. Supply and demand. What will this distribution to personal ownership do to the price of silver this coming year? No one has been able to answer this accurately, with wild speculation up to 25k per oz. Then all kinds of estimates of price to ratio that doesn't make sense.
Reasonable estimates are Gold 5000 per oz. Silver 70 per oz. But what determines these prices?
Quoting: Agent 99 Hold silver until it's money again. The historical buying power is there - one ounce = anywhere from 6 to 10 days of wages, Rome to Great Britain. In China, before Christ, Sun Tzu - wrote the Art of War, reported to keep, feed, equip an army of 100,000 men, for a single day, required 1,000 ounces of Silver. The value of silver, in history, is undeniable.
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