/biz/ - Business & Finance

>>53502792
>Silver is just not valuable enough per unit weight, and you'll lose a lot of money off the bat from the massive premiums.
Ironically this might be one of silver's hidden massive upsides.
If it becomes more expensive, demand may pick up because the value density increases. It would then behave like a Veblen good/luxury good. Not because of "snob" effect, but because the general properties as an investment metal become better due to the higher price.

The theory behind this is that the physical
silver demand of many wealthy households is capped for silver by volume and weight, and for gold by absolute value. If silver increases in value, it becomes more attractive overall relative to gold.

The value density of the monetary metals is a spectrum in which copper marks the lower end. Copper and most non-ferrous metals are simply dead in terms of value density and will remain so. No one stacks physical copper. Platinum, palladium and gold, on the other hand, are at such a high level that price changes in terms of value density make little difference to most investors.

Silver is currently at a sweet spot to benefit from the higher value density factor and will become really interesting between $50 and $200 per ounce. Many investors will then run into their nominal limits in the physical allocation for the first time and no longer say "enough since now, let's add some gold" as they do today after they bought XX or XXX pounds of silver. For many small private investors, it may then no longer be necessary to stack any gold at all, since they will also no longer have to carry silver to death and will be able to accommodate everything in silver.

>>50959709
>Yea, I'm definitely going to use localmonero to meet with an anonymous person IRL to exchange large quantities of money and then carry around a bunch of silver.
Yes. Precious metals people do it all the time. If you are too much of a basedboy to do real man transactions I'm sorry. Self custody as a whole night not be for you.

>>50272383
Silver has its place. Also gains will be spectacular as it has major industrial use and it's the marginal monetary metal.