/biz/ - Business & Finance

>>17838749
>unprecedented physical demand
doesn't mean it needs to go up, silvers supply is much more influenced by industrial efficiencies than gold
>unprecedented money printing
has nothing to do with it, the supply of the usd hasn't been defined by anything since 1971
best of luck though

>>16746892
yeah I think that's true he was talking about silver having little use as money post industrial revolution

about 6 ounces of gold

>>15820537
almost as shit as usd

>>15782481
>I again urge a revision in our silver policy to reflect the status of silver as a metal for which there is an expanding industrial demand. Except for its use in coins, silver serves no useful monetary function.

In 1961, at my direction, sales of silver were suspended by the Secretary of the Treasury. As further steps, I recommend repeal of those Acts that oblige the Treasury to support the price of silver; and repeal of the special 50-percent tax on transfers of interest in silver and authorization for the Federal Reserve System to issue notes in denominations of $1, so as to make possible the gradual withdrawal of silver certificates from circulation and the use of the silver thus released for coinage purposes. I urge the Congress to take prompt action on these recommended changes.

>>15760112
silver has failed to maintain good money characteristics through the industrial revolution.
silver is only good for speculation and there are much better things to speculate on than silver

>>10062883
very
platinum and palladium as well

however if precious metals moon crypto will singularity
the only situation where metals out perform crypto in the next 5 years is like nuclear war, quantum computer