Silver investments (speculation) are not consumed. Just look at the glut of junk silver hitting the market now that people realize they need cash now rather than maybe saving silver dimes to trade for eggs in a post-apocalyptic future. Stacked silver is supply, not demand.
There are a bazillion ounces in the hands of stackers from the past. Go into any coin shop. They are flooded with silver. You can not get spot price for silver when you try to sell it. Instead you will get $1-2.00 under spot at best. You can buy 90% US coins for spot from dealers. Many dealers are shipping their silver to refiners. Without refinery buying, prices for silver at coin shops would drop precipitously. Everyone selling. Few buyers. Go talk to any coin shop.
Could a massive silver short squeeze be used to pay off the national debt? Or was it just a passive wealth generator for the banks to sell down paper silver forever?
Silver investments (speculation) are not consumed. Just look at the glut of junk silver hitting the market now that people realize they need cash now rather than maybe saving silver dimes to trade for eggs in a post-apocalyptic future. Stacked silver is supply, not demand.
Great post… and timely.
Silver is a Tier One Asset and yet very few know it.
Silver is on very few (if any) critical mineral lists for any country or government.
That’s about to change soon and very soon.
There are a bazillion ounces in the hands of stackers from the past. Go into any coin shop. They are flooded with silver. You can not get spot price for silver when you try to sell it. Instead you will get $1-2.00 under spot at best. You can buy 90% US coins for spot from dealers. Many dealers are shipping their silver to refiners. Without refinery buying, prices for silver at coin shops would drop precipitously. Everyone selling. Few buyers. Go talk to any coin shop.
Yep. That’s right. What is also right is that’s about to change. In a big way. In the coming months and years, Silver is going to unobtainium…
Could a massive silver short squeeze be used to pay off the national debt? Or was it just a passive wealth generator for the banks to sell down paper silver forever?