/biz/ - Business & Finance

>>55315008
You do realize like 95% of what determines it's price is paper sales, futures, spoofing, etc.?
It's for this reason China is calling for international silver market reform.
Silver isn't some commodity like oil with OPEC that keeps prices at a level which will reduce shortages.
Silver mines are barely breaking even at current prices, and peak silver production is within this century, from then onwards supply will fall. It's still both an industrial metal and a word for metal or bank in multiple languages.
So I hope you realize silver is bargain at current prices. For thousands of years in history silver traded less than 20:1. Now it's 80:1
>but that's just because its a meme now, fiat will work this time. It's only the 100th time a nation has tried it, but history doesn't repeat itself
Ok sure, believe whatever you want.
I just know I live in China and I stack Panda coins because they're ridiculously cheap here, and I can also get some numismatic (collectible) value out of them before I die. It makes sense to me.

Believe what you want about silver. But riddle me this: If gold is useless, why do central banks stock it heavily while investing little if anything into crypto? It's almost as if they realize that confidence in debt instruments will eventually recede, and our current meme fiat currency will become worthless one day as is the fate of every single fiat currency in human history.