/biz/ - Business & Finance

>>55497258
Since we are talking about price discovery, this wont be settled down in stone, the prices will fluctuate wildly depending on the urgency of the demand, but also the economic desperation of ppl selling. Like, after the first major spike up, we can expect a major drawback as a lot of ppl will be more than happy to get rid of their silver for x3-5 the prices they bought it for. And now everything is digitalized, it will happen fast.

But once ppl realize it's still not enough to sustain the demand, it will creep back up again. Especially since unlike the 80s and in 2011 to a much lesser extent, i don't think there is much silver left in people's drawers to melt down.

How many ppl do you know still have silver items at home like candleholders, silverware, and the like? Zero most likely, like 99% of the population. Even the richfags don't have a single oz left at home. So the only silver left owned by individuals are in stackers' hands, who unlike grandma in the 80s happy to getting rid of her heirlooms she didn't pay for, they wont let it go unless it's for big bux.