/biz/ - Business & Finance

>>29641210
I swear owning physical silver and shares in good mining stocks in safe jurisdictions is basically like buying ETH at $1 or Bitcoin at $50

Silver is definitely going to moon, at some point.

All you have to do is just not get shaken out waiting.

>>29039026
You can't print more bitcoin, it is absolutely scarce, its value comes from it's scarcity. Gold's value doesn't come from that you can make rings with it, nor does it come from that a miner had to extract it from the earth. It's value comes from it's scarcity and peoples subjective opinion that it is a store of value.

I would say Jim rickards says it best, the main thing that determines what is money is confidence, USD is bad money because confidence can be lost in a few months of chaos. Gold is good money because you can't lose confidence in a unprintable scarce precious metal. Bitcoin is good money because it is a absolutely scarce, peer to peer system of storing value.

I did the math and apparently every year for every person on the planet. around 0.11 ounces of silver are mined.
885,000,000 / 7,600,000,000 = 0.11

Now if you take into industrial uses, jewelry uses that is over 50% of current demand

https://www.statista.com/statistics/253345/global-silver-demand-by-purpose/

Am I getting something wrong or is silver massively undervalued if you consider its historical role as a store of value.