>>60938247
>If you are 100% positive that silver is undervalued in terms of gold, then you should be all in on silver.
Correct. Comparatively few people have silver, and almost no central banks hold it. Silver is considered today primarily an industrial metal, which is EXACTLY what the powers that be wanted.
Gold is already too pricy for the average American to afford. Most Americans don't have an extra $400.00 for an unexpected expense. What is the average debt level for Americans?
>The average debt an American owes is $105,056 across mortgage loans, home equity lines of credit, auto loans, credit card debt, student loan debt, and other debts like personal loans.
Freeing up $4k for ONE measly oz of gold? Silver becomes the go-to precious metal than the normie can afford. As outlined above, if the average American buys just 5 oz, that's enough to clean out nearly all the free float bars at the COMEX and LBMA. What happens to the price of silver then?
Why is silver so cheap? Because the US Government and the bullion banks have worked to make silver an unattractive investment. Spending years stuck in doldrums, huge downside volatility. I remember maybe over 10 years ago someone on reddit pointed out that in aftermarket trading, when the volume was very low, after London closed, but before NY opened, someone dumped FIVE MILLION paper oz in one shot. The price crashed, triggering stop losses. The sale was likely a spoof, and the price ended up higher than before the spoof, but the momentary drop caused everyone with a stop loss to sell at a loss.
>In a securities law context, “spoofing” is the practice of flooding a market with orders to buy or sell that are canceled before they go through
JP Morgan was fined $920 million (almost $1 billion) for such underhanded practices. They still made a slim profit for that year despite the massive fine.
Do I think silver is undervalued? As a monetary metal, yes.