China Just Broke The Silver Market
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Top Comments (10)
Considering I just sold my silver a few months ago, this makes perfect sense
PSA: Silver hasn’t simply gone up in price, the value of the USD has gone down significantly
When the U.S. can just sanction any country that doesn’t agree with it, nobody wants to hold USD anymore. They'd rather hold metals than USD.
The government declares silver to be a critical resource yet, the bullion banks are still allowed to rig the market to their content.
Adjusted for inflation, 2011 silver price is $135 an ounce. 1980 is $200 an ounce. We ain't seen nothing yet.
"Whether silver goes to $100..." no no no, when silvers gets to $100 because it's a certainty. The only question is when.
12:16 We've (USA) weaponized our own currency against other countries. Now all of a sudden, it's foul play with what they're doing to us. The World will move on from the US Dollar eventually as our trust is fading.
What he failed to mention, is that Silver production has not increased since 2016 and has been in a deficit since 2019 (meaning more is needed then produced) and the demand is only growing, while the supply is not growing at all! Can’t compare the past with silver today because the industries that are using it so expansively, are newer industries
Silver is going to $200 an ounce in the next couple of years easily
The way the world is going and the important and irreplaceable role that silver is playing in current and future technology, I simply cannot see it going down in price. It sounds like there is simply not enough silver to go around and THAT will drive prices to unprecedented heights - guaranteed.
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Top Comments (10)
Considering I just sold my silver a few months ago, this makes perfect sense
PSA: Silver hasn’t simply gone up in price, the value of the USD has gone down significantly
When the U.S. can just sanction any country that doesn’t agree with it, nobody wants to hold USD anymore. They'd rather hold metals than USD.
The government declares silver to be a critical resource yet, the bullion banks are still allowed to rig the market to their content.
Adjusted for inflation, 2011 silver price is $135 an ounce. 1980 is $200 an ounce. We ain't seen nothing yet.
"Whether silver goes to $100..." no no no, when silvers gets to $100 because it's a certainty. The only question is when.
12:16 We've (USA) weaponized our own currency against other countries. Now all of a sudden, it's foul play with what they're doing to us. The World will move on from the US Dollar eventually as our trust is fading.
What he failed to mention, is that Silver production has not increased since 2016 and has been in a deficit since 2019 (meaning more is needed then produced) and the demand is only growing, while the supply is not growing at all! Can’t compare the past with silver today because the industries that are using it so expansively, are newer industries
Silver is going to $200 an ounce in the next couple of years easily
The way the world is going and the important and irreplaceable role that silver is playing in current and future technology, I simply cannot see it going down in price. It sounds like there is simply not enough silver to go around and THAT will drive prices to unprecedented heights - guaranteed.