/biz/ - Business & Finance

>>29440097
Whats the worst that could happen if someone had access to a QR code or barcode?

VERISCAN for pamp bars just verify the authenticity. The format of the serials are pretty predictable at this point - is somebody going to cast a similar bar, stamp it and print out my own code? That would be a lot of hassle for not much gain.

genuinely curious

Precious Metal Facts:

- Historical Median price of a home relative to gold is 100 ounces [during a depression] to 500 ounces of gold [during a boom]. Average median has been 300 ounces of gold or roughly 555k USD.
- The average Gold/Silver Price Ratio during the 20th century was 47:1, yet today is 70:1. For perspective, the Gold/Silver Price Ratio was 10:1 in ancient times.
- There is an estimated 1,600,000 tonnes of silver and 171,300 tonnes of gold in circulation. This makes the "true" Physical Silver/Gold ratio 9.34:1.
- There are 32150.7 Troy ounces in a Ton. This means 51440 million ounces of silver have been extracted to date, this includes silver that was lost/processed due to various industrial demands throughout history.
- 51440M Silver ounces divided by 331M US citizens = 155 ounces available per US Citizen. Likewise globally 51440M/7800M people = 6.6 Ounces of silver available per human on earth.
- It costs miners $10.56 to mine and refine an ounce of silver, however existing silver mines are becoming increasingly exhausted by mid 2020s due to surging demand.
- Silver has many applications in Medicine, Electronics, Solar panels, EV's, Jewelry and more.

Misc Links:

Silver Squeeze 2021 DD Starter Kit:
https://www.youtube.com/watch?v=3N6NY_1p-BA

The Federal Mint has the capacity to deliver 500,000 ounces of American Silver coins a week [ $15M USD at $30 an ounce ], JM Bullion alone sold 250,000 in one weekend.
https://www.youtube.com/watch?v=tj2Y7cRxjQ0

Gaddafi was the original silver squeezer - Rest in peace.
https://www.youtube.com/watch?v=GuqZfaj34nc

>"The silver market is even more heavily leveraged with paper, meaning even further divorced from the real world. Veteran precious metals commentator, Steve St. Angelo has estimated the paper ratio in the silver futures market at 233:1."
https://dynamicwealthresearch.com/news/physical-silver-decoupling-from-paper-market#:~:text=The%20silver%20market%20is%20even,futures%20market%20at%20233%3A1.

>>27376904
Silver could hit 60-90USD an ounce within year or two. It is a good hedge against a bad economy, much like crypto.

Your not going to get rich quick hoarding silver however, but it will keep you mentally propped against a bad market. Personally I have some silver stacks to compliment my long stock positions. If markets are bad, silver goes up, if silver goes down then markets are up. You are supposed to diversify your wealth across multiple asset classes, not pile all in using every last dollar hoping to double your stack in a month. This is not crypto, this is a fundamental position based on real tangible value.

can somebody explain why there is 183 times more paper traded silver in the commodities market than actual physical silver?

If all the silver is bought physically, what happens to the COMEX markets? Other than completely ruin banks/funds shorting/speculating on silver at a 18300% short interest?

I bought 200oz of silver from my local bank, delivery is in 2 weeks. paid $30 an ounce but I like knowing they came from a bank with PAMP Suisse certification and stamping.

I dont think this is a SHTF scenario, but I think silver is undervalued and could go to $50-$100 an ounce. Given the state of the economy I feel pretty comfortable with my small stack.

I would do some unspeakable things for a whole box of these babies