Quick silver metal rundown >highest reflectivity >highest electrical conductivity >highest thermal conductivity >finite >currency for thousands of years >has very important used >phones, cars, mirrors, computers, solar panels, medicine etc etc >miners closing up shop because unprofitable >silver to gold mined ratio, 9:1 >1 oz of gold = 83 ounces of silver >future is electronic technology, which needs silver >$50/oz spot in 1980 >$15/oz spot 2019
But why is silver spot so low? >EVERYTHING THEY DO WITH SILVER THEY DO TO GOLD/OIL/OTHER REM >paper futures derivatives markets >markets were created to allow options in paper silver >on the precedent of following the actual commodity price >investment bankers like JPM rigged this to make it reverse, futures derivatives market determines the physical commodity spot price >bankers have large foothold in derivatives market >they in effect control manipulation of not only the futures paper trading, but also the physical market too >they short futures market, while accumulating up physical for a rigged severely undervalued price that they kept low on purpose through manipulation of the futures market >JPM owns 800 million physical ounces >JPM former commodities trader guilty plead cnbc.com/2018/11/06/ex-jp-morgan-trader-pleads-guilty-to-manipulating-metals-markets.html >”John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing. Edmonds, a 13-year J.P. Morgan veteran, said that he learned how to manipulate prices from more senior traders and that his supervisors at the firm knew of his actions.”
It's the cheapest way to go but it takes a long time.
Jackson Green
Really humun? Gold can be made in a replicator, it's latinum that the replicator can't duplicate, it's what makes latinum bars the only viable currency.
>>"future is electronic technology, which needs silver"
What the holy fucking brainlet does this even mean? The fuck do you think we use now, pixie magic?
Jeremiah Myers
>20yo with 2 grand saved up. >No car and live with me ma and pa. >make 9/hr 40hrs/week How much should I put into silver if I only have 60oz right now?
James Smith
based and acquired
Bentley Adams
If you look at the major bullion dealers like Apmex or JM they have a deal where "one time only" you can buy 10 ounces of silver at spot. Check it out.
Isaiah Reyes
I was just looking into that. I was about to buy it actually. No joke.