/biz/ - Business & Finance

- It costs miners $10.56 to mine and refine an ounce of silver, however silver mines are becoming exhausted by mid 2020
- Silver has many applications in medicine, infrastructure, solar panels, electric batteries and more.
- The average gold/silver price ratio during the 20th century was 47:1, it is now at a record 70:1
- Comex only fulfills 1 out of 300 contracts on the Comex, most of the paper silver futures contracts are speculated against eachother. The actual supply of physical silver is a fraction of what is being represented on the indices.
- Paper silver to Physical silver ratio is being traded 186:1. The total market cap of PHYSICAL silver is much smaller than reported.
- Upcoming Basel III reforms will require banks to store an amount of physical collateral to hedge their debts between June 2020- Jan 2023
- Historical Median price of a home relative to gold is 100 [ during paper depression ] to 500 [ during paper boom ] ounces of gold. Average median is 300 ounces of gold or 555k USD
- Fiat Dollar to Ounce of silver = $4795 an ounce

>>27499370

Newcomers need to be taught not to pay any attention to the silver price on Kitco.com, goldprice.org, etc. It's taken from a place called the COMEX, which is simply a paper derivatives market. In Chris Marcus's book "The Big Silver Short" the industry insiders whom he interviewed estimate that there are about 500 fake "paper" "digital" silver ounces for every real physical ounce in existence. The banks therefore are all extremely short silver (picture related is the latest COT data), up to 50,000% short. Compare this with the 150% short-float of GME. They would collapse if there was a run on physical. All they can do in the mean-time is keep shorting the paper price more and more until the ponzi scheme collapses, because they are backed into a corner from which there is no escape. The average historical daily wage in silver from the age of Pericles to that of Dickens or Henry Ford was about 1/10th of an ounce (https://lenpenzo.com/blog/id47735-historical-gold-and-silver-benchmarks-for-job-wages-and-commodity-prices.html)), so the fact that, on a historical basis, silver ought to be at least $1000 an ounce today (40x higher) is clear proof of hyper-predatory shorting. In fact silver has nearly been wiped out of existence because of it, which is probably one reason why the oligarchs started the Great Reset now, because they knew that the world was about to collapse into a new Dark Age from lack of silver. The market cap of investable silver is probably only a few tens of billions, simply keep buying physical and hold.

>>27499370

Newcomers need to be taught not to pay any attention to the silver price on Kitco.com, goldprice.org, etc. It's derived from a place called the COMEX, which is simply a paper derivatives market. In Chris Marcus's book "The Big Silver Short" the industry insiders whom he interviewed estimate that there are about 500 fake "paper" "digital" silver ounces for every real physical ounce in existence. The banks therefore are all extremely short silver (picture related is the latest COT data), up to 50,000% short. They would collapse if there was a run on physical. All they can do in the mean-time is keep shorting the paper price more and more until the ponzi scheme collapses, because they are backed into a corner from which there is no escape. The average historical daily wage in silver from the age of Pericles to that of Dickens or Henry Ford was about 1/10th of an ounce (https://lenpenzo.com/blog/id47735-historical-gold-and-silver-benchmarks-for-job-wages-and-commodity-prices.html)), so the fact that, on a historical basis, silver ought to be at least $1000 an ounce today (40x higher) is clear proof of hyper-predatory shorting. In fact silver has nearly been wiped out of existence because of it, which is probably one reason why the oligarchs started the Great Reset now, because they knew that the world was about to collapse into a new Dark Age from lack of silver. The market cap of investable silver is probably only a few tens of billions, simply keep buying physical and hold.

>>27499370

Newcomers need to be taught not to pay any attention the silver price on Kitco.com, goldprice.org, etc. It's derived from the COMEX, which is simply a paper derivatives market. In Chris Marcus's book "The Big Silver Short" the industry insiders whom he interviewed estimate that there are about 500 fake "paper" "digital" silver ounces for every real physical ounce in existence. The banks therefore are all extremely short silver (picture related is the latest COT data), up to 50,000% short. They would collapse if there was a run on physical. All they can do in the mean-time is keep shorting the paper price more and more until the ponzi scheme collapses, because they are backed into a corner from which there is no escape. The average historical daily wage in silver from the age of Pericles to that of Dickens or Henry Ford was about 1/10th of an ounce (https://lenpenzo.com/blog/id47735-historical-gold-and-silver-benchmarks-for-job-wages-and-commodity-prices.html)), so the fact that, on a historical basis, silver ought to be at least $1000 an ounce today (40x higher) is clear proof of hyper-predatory shorting. In fact silver has nearly been wiped out of existence because of it, which is probably one reason why the oligarchs started the Great Reset now, because they knew that the world was about to collapse into a new Dark Age from lack of silver. The market cap of investable silver is probably only a few tens of billions, simply keep buying physical and hold.

>>27494484

Newcomers need to be taught not to pay any attention the silver price on Kitco, goldprice etc. It's derived from the COMEX, which is simply a paper derivatives market. In Chris Marcus's book "The Big Silver Short" the industry insiders whom he interviewed estimate that there are about 500 fake "paper" "digital" silver ounces for every real physical ounce. The banks therefore are all extremely short silver (picture related is the latest COT data), up to 50,000% short. They would collapse if there was a run on physical. All they can do in the mean-time is keep shorting the paper price more and more until the ponzi scheme collapses, because they are backed into a corner from which there is no escape. The average historical wage in silver from the age of Pericles to that of Dickens or Henry Ford was about 1/10th of an ounce (https://lenpenzo.com/blog/id47735-historical-gold-and-silver-benchmarks-for-job-wages-and-commodity-prices.html)), so the fact that, on a historical basis, silver ought to be at least $1000 an ounce today (40x higher) is clear proof of the hyper-predatory shorting. In fact silver has nearly been wiped out of existence because of it, which is probably one reason why the oligarchs started the Great Reset now, because they knew that the world was about to collapse into a new Dark Age from lack of silver. The market cap of investable silver is probably only a few tens of billions, simply keep buying physical and hold.

Newcomers need to be taught not to pay any attention the silver price on Kitco, goldprice etc. It's derived from the COMEX, which is simply a paper derivatives market. In Chris Marcus's book "The Big Silver Short" the industry insiders whom he interviewed estimate that there are about 500 fake "paper" "digital" silver ounces for every real physical ounce. The banks therefore are all extremely short silver (picture related is the latest COT data), up to 50,000% short. They would collapse if there was a run on physical. All they can do in the mean-time is keep shorting the paper price more and more until the ponzi scheme collapses, because they are backed into a corner from which there is no escape. The average historical wage in silver from the age of Pericles to that of Dickens or Henry Ford was about 1/10th of an ounce (https://lenpenzo.com/blog/id47735-historical-gold-and-silver-benchmarks-for-job-wages-and-commodity-prices.html)), so the fact that, on a historical basis, silver ought to be at least $1000 an ounce today (40x higher) is clear proof of the hyper-predatory shorting. In fact silver has nearly been wiped out of existence because of it, which is probably one reason why the oligarchs started the Great Reset now, because they knew that the world was about to collapse into a new Dark Age from lack of silver. The market cap of investable silver is probably only a few tens of billions, simply keep buying physical and hold.

>>27489035

>>buying boomer metals to somehow squeeze investment banks

Somebody was asking a couple of threads ago how we know that silver is 50,000% short, as opposed to GME which is 150% short. Answer is, read Chris Marcus's new book "The Big Silver Short." The industry insiders whom he interviewed for his book estimate that there are about 500 fake "paper" "digital" ounces for every real physical one. The banks are all extremely short silver (picture related is the latest COT data) so 1 > 500 = 50,000%.

Somebody was asking in the last thread how we know that silver is 50,000% short, as opposed to GME which is 150% short. Answer is, read Chris Marcus's new book "The Big Silver Short." The industry insiders whom he interviewed for his book estimate that there are about 500 fake "paper" "digital" ounces for every real physical one. The banks are all extremely short silver (picture related is the latest COT data) so 1 > 500 = 50,000%.

Somebody was asking in the last thread how we know that silver is 50,000% short, as opposed to GME which is 150% short. Answer is, read Chris Marcus "The Big Silver Short." The industry insiders whom he interviewed for his book estimate that there are about 500 fake "paper" ounces for every real "digital" one. The banks are all extremely short silver (picture related is the COT data) so 1 > 500 = 50,000%.

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

1) The average historical daily wage, from Graeco-Roman times to the time of Charles Dickens or Henry Ford (about 1/10th of an ounce) (https://lenpenzo.com/blog/id47735-historical-gold-and-silver-benchmarks-for-job-wages-and-commodity-prices.html);

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.

>>27431106

Need to get the word out to people that all this paper-price nonsense is derived at the COMEX. And educate them on what the COMEX is and the fact that silver is only so cheap because of this predatory shorting. Makes no sense for the average wage of silver to be 1/10th of an ounce per day from the age of Pericles to that of Dickens or Henry Ford and then suddenly lose 99% of its value.

https://lenpenzo.com/blog/id47735-historical-gold-and-silver-benchmarks-for-job-wages-and-commodity-prices.html

>>27401382

Because the price is set at a derivatives market called the COMEX where the banks are 50,000% short. We're going to cause a default there by buying physical so that the paper price becomes meaningless.

The silver bullet.