/biz/ - Business & Finance

>>55494532
Last year, silver usage was 1.2 billion ounces, or little under 3x more than Blackrock's holdings.

Now, 1 billion ounces are mined every year, but total usage is 1.2 billion.

Assuming usage and mining don't increase, it would take 50 years for the world to run out of silver.

Now, this isn't to validate IQDELET's argument. The rarer something is, the more it's worth (supply and demand.) Assuming nothing else changes, the price will rise as people realize silver is becoming rarer and rarer.

But things are changing. The BRICS nations are preparing to roll out a gold-backed currency next month (whether it goes the way of the Euro or not, it'll garner a lot of attention), which will increase demand for gold and silver. Green technologies, like electric cars and solar panels, use lots of silver. As we march towards a greener future, silver demand will go up. Silver is also used in other technologies, like cell phones and computers. If a CBDC is issued, more computers will need to be created, driving silver's demand up even more. And then there's retards like us, who buy silver like it's running out (and partly thanks to us, it is.)

Silver is being slurped out of the market faster than it can be replaced. Within a few years, we will be owning land and sex slaves. We will be part of the new financial elite, and it will be glorious.