Once silver hits 50$ it's percieved value will increase, leading to a spike in demand in jewlery.
>But it will never hit 50$
It's inevitable, 5 year deficit with more demand than supply will drive prices up eventually

>>60640619 (OP)
truth
normies will start to think silver is cool and sexy

I like silver too fren but its really better to just get your position and forget about it. One day it'll absolutely moon and will be worth hundreds per ounce but in the meantime it constantly gets fucked with. It is too useful and industrial metal for (((them))) to allow to be re monetized while their fiat systems are still in control. It'll be a different story in 5 years

>>60640640
>dude stop talking about silver
no

>>60640619 (OP)
>It's inevitable, 5 year deficit with more demand than supply will drive prices up eventually
you guys have been saying this since 2011

>>60640654
i haven't been saying it since 2011

>>60640654
I only begun in 2021 since I think this an oppurtunity to ride a once-in-a-lifetime pump
>Gold silver ratio 1:90
>-100Mtoz per year, meaning more silver is being used than produced
>Production in stagnation
>Industrial demand rising
>Reserves are draining
All the numbers point to one thing happening

>>60640678
And here's some to back that up.
Large nank firms can keep trying to manipulate the price, but physical reality is rapidly catching up now

>>60640654
i've been saying silver is a piece of shit since 2011.
...until last year.
things are finally popping off under king trump.

>>60640619 (OP)
precious metals have been slowly losing intrinsic value compared to bitcoin and other modern inventions that are simply better versions of gold

>>60640654
/thread

silver is trading at the same price it was in 2011; meanwhile the stock market is up 5x since 2011

>>60640619 (OP)
Once Elon starts space mining the price of silver will plummet to ZERO

Why would we go to space to mine silver?

meanwhile
>precedent is being set to confiscate dormant cold wallets; state laws give 90 days to claim dormant wallets before allowing them to be escheated.
In 1933, they realized it was impossible to go door to door to try and confiscate gold, now there is a digital version that can be frozen and erased, without the need for reimbursement either.

>>60641338
It's the future. Now get on with the program

>>60641327
Stop thinking of silver as a precious metal.
By this point it is an industrial metal that just so happens to have been percieved as precious at one point in history

>cant actually answer the question because it defeats his argument

>>60641338
You wouldn't, it would be a byproduct of mining more useful metals just like on Earth

>>60641362
bro if space mining ever happens I'll be happy, please let it happen, and let us leave earth
however I'm pessimistic and I don't believe that will happen, unless it is economically feasable. launching a rocket is costly, and the price of silver will have to rise much more for that to be profitable

>>60641362
Only a true american hero could space mine an asset that is worth ZERO

>>60641372
exactly, if we are at the point of mining asstriods, silver would be 100k+

>>60640619 (OP)
Based

>>60641327
Crypto is great but Imagine not having a hedge in the case of a solar flare that just skull fucks the electric grid and sends us back to the stone age. Ngmi retard