/biz/ - Business & Finance

>>27247478

Silver should be $1000 an ounce on the basis of,

1) The average historical wage, from Graeco-Roman times to the early 20th century (about 1/10th of an ounce);

2) Given that 1980 was simply an exposure, by the Hunt Brothers, of the true price of silver when the derivative market falls apart, the 1980 ATH adjusted for real inflation (which is $966 according to ShadowStats);

3) From calculating a DGR of 1:1 and a GSR of 1:15, as we had also in 1980 (1:15 is simply the normal historical average for silver; and the mining ratio is even 1:8);

4) The short positions of the banks. GME was 140% short; owing to the big 8 banks, silver is 50,000% short;

5) Common sense about the rarity and usefulness of silver. Almost no stockpiles (governments have only 3 weeks' mine supply), annual investable supply is only about 100 million ounces, less than a $3 billion market cap or about the same as GME before the squeeze. And yet silver is critical for modern life. Mining insiders say that pretty much all high-grade silver deposits are now gone. Silver is so rare that owning 60 ounces ($1500) puts you in the top 1% of owners. Owning 30 ounces of gold ($55,000) puts you in the top 1% of gold-owners. Gold is also mined at a mere 1:8 ratio with silver. Yet the GSR is 1:70. The historical average is 1:15: some say 1:10. The artificially suppressed price of silver is causing it to be consumed so fast that if we don't squeeze silver to $1000 soon, the world might simply collapse into a new Dark Age.

>>27207489

Silver should be $1000 an ounce on the basis of,

1) The average historical wage, from Graeco-Roman times to the early 20th century (about 1/10th of an ounce);

2) Given that 1980 was simply an exposure, by the Hunt Brothers, of the true price of silver when the derivative market falls apart, the 1980 ATH adjusted for real inflation (which is $966 according to ShadowStats);

3) From calculating a DGR of 1:1 and a GSR of 1:15, as we had also in 1980 (1:15 is simply the normal historical average for silver; and the mining ratio is even 1:8);

4) The short positions of the banks. GME was 140% short; owing to the big 8 banks, silver is 50,000% short;

5) Common sense about the rarity and usefulness of silver. Almost no stockpiles (governments have only 3 weeks' mine supply), annual investable supply is only about 100 million ounces, less than a $3 billion market cap or about the same as GME before the squeeze. And yet silver is critical for modern life. Mining insiders say that pretty much all high-grade silver deposits are now gone. Silver is so rare that owning 60 ounces ($1500) puts you in the top 1% of owners. Owning 30 ounces of gold ($55,000) puts you in the top 1% of gold-owners. Gold is also mined at a mere 1:8 ratio with silver. Yet the GSR is 1:70. The historical average is 1:15: some say 1:10. The artificially suppressed price of silver is causing it to be consumed so fast that if we don't squeeze silver to $1000 soon, the world might simply collapse into a new Dark Age.

>>27199093

$1000 an ounce silver on the basis of

1) The average historical wage, from Graeco-Roman times to the early 20th century (about 1/10th of an ounce);

2) Given that 1980 was simply an exposure, by the Hunt Brothers, of the true price of silver when the derivative market falls apart, the 1980 ATH adjusted for real inflation (which is $966 according to ShadowStats);

3) From calculating a DGR of 1:1 and a GSR of 1:15, as we had also in 1980 (1:15 is simply the normal historical average for silver; and the mining ratio is even 1:8);

4) The short positions of the banks. GME was 140% short; owing to the big 8 banks, silver is 50,000% short;

5) Common sense about the rarity and usefulness of silver. Almost no stockpiles (governments have only 3 weeks' mine supply), annual investable supply is only about 100 million ounces, less than a $3 billion market cap or about the same as GME before the squeeze. And yet silver is critical for modern life. Mining insiders say that pretty much all high-grade silver deposits are now gone. Silver is so rare that owning 60 ounces ($1500) puts you in the top 1% of owners. Owning 30 ounces of gold ($55,000) puts you in the top 1% of gold-owners. Gold is also mined at a mere 1:8 ratio with silver. Yet the GSR is 1:70. The historical average is 1:15: some say 1:10. The artificially suppressed price of silver is causing it to be consumed so fast that if we don't squeeze silver to $1000 soon, the world might simply collapse into a new Dark Age.

>>27184235

>WE'RE DOING IT REDDIT #SILVERSQUEEZE
>NOOOOOOO WHY ARE IPHONES AND TESLAS SO EXPENSIVE NOW????

Higher silver prices wouldn't crash anything except the banks. GME was 140% short; owing to the big 8 banks, silver is 50,000% short. If we go on with this manipulated silver price for a few more years then silver (which is essential for modern life) is simply going to disappear. We need a silver squeeze to save mankind from entering into a new Dark Age. All the high-grade deposits are pretty much gone (source: mining insiders in Chris Marcus's book The Big Silver Short) and we have virtually no stockpiles (governments have only 3 weeks' mine supply). There are only about 100 million ounces mined per year for investment, which is less than $3 billion market cap. Less than Gamestop was before it mooned. Only 1/200th that of BTC. There is only 2 times as much silver above-ground as there is gold. Silver is so rare that owning 60 ounces ($1500) puts you in the top 1% of owners. Owning 30 ounces of gold ($55,000) puts you in the top 1% of gold-owners. Gold is also mined at a mere 1:8 ratio with silver. Yet the GSR is 1:70. The historical average is 1:15: some say 1:10. Historical wages for silver (1/10th of an ounce per day) and John Williams' ShadowStats show us that a fair price for silver would be $1000 an ounce.

>>27095254

$1000 an ounce silver on the basis of

1) The average historical wage, from Graeco-Roman times to the early 20th century (about 1/10th of an ounce);

2) Given that 1980 was simply an exposure by the Hunt Brothers of the true price of silver when the derivative market falls apart, the 1980 ATH adjusted for real inflation ($966 according to ShadowStats);

3) Calculating a DGR of 1:1 and a GSR of 1:15, as we had in 1980 (1:15 is simply the normal historical average for silver; and the mining ratio is even 1:8);

4) Common sense about the rarity and usefulness of silver. Almost no stockpiles (governments have only 3 weeks' mine supply), annual investable supply is only 100 million ounces or less, a mere $3 billion market cap or about the same as GME before the squeeze, and yet silver is critical for modern life. Mining insiders say that pretty much all high-grade silver deposits are now gone. The artificially suppressed price of silver is causing it to be consumed so fast that if we don't squeeze silver to $1000 soon, the world might simply collapse into a new Dark Age.

>>27083119

Isn't going to happen. Even governments only have 3 weeks' mine supply. We mine only 100 million ounces for investment per annum which is less than a $3 billion market cap. About 1/150th the size that of Bitcoin. Holding 60 ounces of silver ($1500) puts you in the top 1% of silver-holders. Compare that with 30 ounces of gold to be in the top 1% of gold-holders ($55,000). Even a modest movement to cause a short squeeze on silver will overwhelm any attempt to "dump" supply on the market. Years of manipulation has caused almost all high-grade silver deposits to be depleted, and all stockpiles to be destroyed. If this situation goes on much longer, silver, which is essential for modern life, will simply disappear from the face of the earth.

>>27014833

>they have their vaults full of silver already

The 8 big banks are heavily short silver on the COMEX and will go bankrupt if silver soars. They don't have the metal to cover their short positions. Even government stockpiles have only 3 weeks' mine supply. Investable mine supply is a mere 100 million ounces per annum (less than 3 billion in market cap).