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16758855 No.16758855 [Reply] [Original]

>2,000,000 metric tones of silver has ever been mined throughout history
>82% of which was mined since 1900
>in the year 1900 there was up until that point 370,000 tones of silver mined throughout history
>the world population was 1.7 billion people
>that 7 ounces for every person
>today it’s 8.24 ounces for every person
>despite all that mining there still isn’t enough silver for everybody
>just horde it

>> No.16759074

Nice Libertad

>> No.16759086

Dammit this is making me wish I had money to buy silver.

>> No.16759091

>>16759086
Just need 1000 ounces to make it. You can afford just 1000 ounces can't you?

If prices stay this low for another year, up be able to buy another 1000 just this year.

>> No.16759153

Only x people can hold y asset is a retarded argument. What is driving people to have to hold 8.24 ounces or more of silver?

>> No.16759169

>>16759153
It’s not a retarded argument, it’s a scarcity argument. As you can see the average hasn’t changed that much nor will it in the fore sable future meaning that silver will still be valuable.

>> No.16759190

>>16758855
I have one of these

>> No.16759366

I just want freedom from taxes. Freedom from this Jewish vassal state we call the American Government. I just want a home with a family.
Why did they take it away from us?

>> No.16759426

>>16759169
scarcity doesn't determine price

>> No.16759445

>>16759091
Dont worry, youll be able to buy for $10 per ounce again like it always crashes to for the past 1000 years

>> No.16759462

>>16759169
You can say anything is scarce and limited. There are tons of popular investments which are scarce. It doesnt mean people want to own that asset.

Talk to your friends, how many are going out of their way to accumulate 8 ounces of silver?

>> No.16759474

>>16759445
How are you so fucking retarded?

>> No.16759501

>>16759462
How many also spend 5 hours each night watching Netflix? How many haven't a clue what the federal reserve is?

>> No.16759534

>>16759462
I get the argument you’re trying to make.

There’s a demand for it, and it’s demand will increase as global instability rises— due to its historical presence as a monetary asset

>> No.16759540

>>16759474
This.

It's never going below $15 ever again

>> No.16759553

>>16759426
>scarcity doesn't determine price
yes, it always does, all fiat currencies value is set by scarcity, the value of all commodities is set by scarcity

>> No.16759574

>>16759426
>>16759553
scarcity AND demand. I thing his point is that just being rare doesn't necessarily mean it will be valuable. I think there is an inherent demand to silver and gold.

>> No.16759597
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16759597

Thinking about it in terms of how much there is "available" for everyone is incorrect, especially if your value proposition is that it is a medium of exchange. The dollar has trillions in circulation, but some people pay 20 dollars for rent and live off of 60 a month. That doesn't mean $60 is a wealthy amount. Same deal with silver and gold.

>> No.16759598

>>16758855
Just an FYI don't pay for "security features" or government bullion when it comes time to sell or trade it will be tested no different than any other bullion don't pay the premiums on them.

>> No.16759610

>>16758855
>horde
In this context, it's "hoard".