/biz/ - Business & Finance

>>30362399
Reminds me of a good time not long ago

>>28972722

Gold is overvalued relative to silver:

- Historical Median price of a home relative to gold is 100 ounces [during a depression] to 500 ounces of gold [during a boom]. Average median has been 300 ounces of gold or roughly 555k USD.

- The average Gold/Silver Price Ratio during the 20th century was 47:1, yet today is 70:1. For perspective, the Gold/Silver Price Ratio was 10:1 in ancient times.

- There is an estimated 1,600,000 tonnes of silver and 171,300 tonnes of gold in circulation. This makes the "true" Physical Silver/Gold ratio 9.34:1.

- There are 32150.7 Troy ounces in a Ton. This means 51440 million ounces of silver have been extracted to date, this includes silver that was lost/processed due to various industrial demands throughout history.

- 51440M Silver ounces divided by 331M US citizens = 155 ounces available per US Citizen. Likewise globally 51440M/7800M people = 6.6 Ounces of silver available per human on earth.

- It costs miners $10.56 to mine and refine an ounce of silver, however existing silver mines are becoming increasingly exhausted by mid 2020s due to surging demand.

- Silver has many applications in Medicine, Electronics, Solar panels, EV's, Jewelry and more.

>>27627607
actually this is the best thing to happen. ears perking up, trying to visit online stores and seeing hellscapes like this. demand skyrockets but paper is down? manipulated, pure and simple. they have to replenish those vendors or the jig is up

>>27528102
its every retailer in every country you blind idiot. TD ameritrade suspended selling because they saw the run too

>>27526528
forgot pic

>>27401738
what a fucking lad, i dont much like him but i never thought HE of all people would be pushing metal

>>27252872
LMAO@URLIFE

Is the happening among us?