Why do people invest in silver? At least gold makes some sense since it's actually rare...

Why do people invest in silver? At least gold makes some sense since it's actually rare, but silver isn't and the price has barely climbed up in over 30 years.

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gold is not rare either

supply is suppressed by world governments in order to not deflate their physical reserves

there enough discovered gold deposits of such enormous size that if they were mined and extracted, the price of gold would plummet (and cause world government physical reserves to become almost worthless)

it would be mined until it is unprofitable to do so, and its true value as merely a component in devices would be reached quickly

Survivalist.
Schizophrenic paranoid

this is why btc shits on gold lol

>At least gold makes some sense since it's actually rare, but silver isn't
silver is about twice as rare as gold on earth and they are about equally abundant in the universe we know well almost.

>gold is not rare either
this true gold has a practically unlimited supply on earth alone for us we haven't even began to tapping into it and it's renewable by volcanic activity so don't even see it running out long term. but it's mined at an exponentially increasing rate where the miners try to hold back on the capacity they have to keep the price propped up that should tell you something about it's abundance.

and the final argument about scarcity and price is cesium or uranium is a much rarer element yet their price per kg is nowhere near that of gold.

rarity does not affect the price at all. no. it's all emotional and feels zero logic.

>Sort of correct.
The price of gold and silver is manipulated by trading the paper assets and those are far more compared to what's actually on the market.
If you decide you want your goldcontracts delivered your will get excuses and they will try everything to make sure they can pay in dollars or else you would have to wait for plus 5 years.

The max percentage of gold that can be mined a year is 3% normale average is 1,5%
With silver it is different they can prop up mining.

how do governments prevent people from mining gold?

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with guns and lawyers

it's a state monopoly at most places. any natural resource anything you could mine is the states you can lease it from the state but that goes to the well connected.

Because Peter Schiff, a gold and silver merchant, said so and since he is a youtube celebrity then it must be true. Precious metals bugs are retarded.

Silver market is $4 billion. If half of crypto went into silver the price would more than 100x. The gold market is 7.8 billion. If all of crypto bought gold the price would rise 2%. Learn math you dumb motherfucker. There is less above ground silver than gold you ignorant fuckwit.

gold market is 7.8 *trillion

Nigga, until all of our consciousnesses are uploaded to the motherfuckin' skynet tangible assets will always outperform your larp currency.

Well in america anything on your property is yours right? I'm guessing there is a lot of gold in the public lands?

Prepare for a 20 year old bear market :)

>there enough discovered gold deposits of such enormous size
care to name any of these mega reserves youre talking about?

i agree though you should suspect this always but still

it's demand divided by supply

yeah well the purchasing of gold, rare earfs, and PLATINUM is unlikely to go below 50 percent while the price of the dollar unironically is..

And btc is priced by feels but also by black markets.. everyone knows this. Black markets aren't going away but bitcoin isn't exactly a sure thing for long term investment, although if you wanna bet on it that's fine. But NO MATTER WAHT the best thing to do is DIVERSIFY your portfolio and HEDGE.

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unlike gold, silver is consumed for electronics/medical uses
also there's no real way to get all the silver traces in ewaste thats sitting in landfill

>unlike gold, silver is consumed for electronics/medical uses
could you be any more retarded? gold is not consumed for electronics and medical uses? really? jesus fuck man.

yeah like the airspace above your property is yours right? no.

Gold is used for those stuff too. Just that silver is cheaper.
You heard of recycling companies that "mine" for silver and gold from unwanted electronics?

i looked it up mineral rights are separate from property rights. so it's very possible someone else owns the mineral rights to your land and you can't even legally stop them from mining and fucking up your backyard if it's so.

up to a certain point.. you cant fly drones low over someone's property

and there are plenty of examples of someone buying property on a hill and then mining it

for example cody, from cody's lab:
youtu.be/5tiDzYcSThE

ALSO COPPER PRICES HAVE BEEN EXTREMELY STABLE SINCE THE 8 DOLLAR PEAK

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>care to name any of these mega reserves youre talking about?
forbes.com/sites/trevornace/2017/09/15/771-trillion-worth-gold-hidden-ocean/

The problem isn't governments banning mining, it's the technology necessary to get the gold out efficiently. Once we have that, you can kiss your "BUT MUH STORE OF VALUE" argument goodbye.

Imagine going into a shop and the cashier tells you, that would be 5 grams of silver.
This shit will never catch on until they change the stupid name.

there is less minable silver and higher industrial demand.

exactly why its better to just flat out buy gold.

Gold is surely finished for all eternity then.

What about just becoming a monk and forsaking all this material wealth?

>and then mining it
then he bought the mineral rights also or stealing from someone.

you could make a crypto fully backed by silver, but it's unimaginable to accomplish this in a decentralized trustless way. the transactions sure, just like any crpyto, but the exchange and backing would be trustful centralized and unanimous. but since silvers price is free-floating that wouldn't be really practical in daily life anyhow.

I actually clicked it

>Each liter of water would contain approximately 13 billionths of a gram of gold.


Lmao yes gold is finished you fucking brainlet

Silver is more rare above ground than gold because it's ues industrially and quite often discarded in landfills inside products. It's more prevalent than gold unmined. I'd prefer silver because it also posseses utility unlike gold. Though, I prefer digital assests and commodities over anything metal as an investment and/or store of value. Gold is inherently useless in terms of demand compared to silver. Both don't grow much for investing.

platinum

muh catalytic converter