/biz/ - Business & Finance

it is a shiny rock

>>16355563
s2f = 3

a hedge against depreciating fiat

>>16355578
But gold is a shinier rock

>>16355582
^^^^THIS^^^^

>>16355563
throughout human history approximately 1.5 million tonnes of silver have been mined
as opposed to golds 190k tonnes

>>16355606
And how much has actually been used in industry?

Answer: basically all of the silver but none of the gold.

Silver is in practice far scarcer than gold

>>16355614
>basically all of the silver but none of the gold
that's total bullshit sorry.

>>16355606
So there is more gold mines ?

>>16355648

>>16355632
no its not, there is currently more above ground gold than silver. silver was a necessary ingredient for making photographic film, now with digital photography that finally stopped

>>16355648
not sure if any silver mines are operating or can turn a profit at these prices. silver is sufficiently mined as a byproduct to other metals mining.

>>16355665
just look at the pic! >>16355657
and realize you are stupid. aslo what is thought to be lost may not be so lost after all. and there is a lot more where it came from also. gold is very very abundant on earth much more abundant than in most of the universe and silver is about 16 times more abundant than gold.

>>16355680
in the crust that is because there is so much gold in earths core it would break your mind. we are sitting on a galactic treasure trove let's hope aliens don't like shiny.

>>16355680
>just look at the pic!
pic is wrong

https://blog.providentmetals.com/metals-she-wrote-how-rare-is-silver.htm#.XdmdmjJKii4
>To date, over 1.5 million tonnes of silver have been mined. Industry has consumed 90% of mined silver, leaving a huge opportunity for a commodity shortage in the years to come.

>>16355657
lmfao silver is so worthless that half of it has been lost bc no one cares