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Buying silver coins11/22/2023 It is malleable and ductile which means it can be beaten into sheets, drawn into wire, reduced into nanosilver or turned into paste – thus a plethora of industrial applications require it. Its high reflectivity means it has demand in jewellery, silverware, mirrors and solar energy. These antimicrobial, non-toxic qualities mean it has huge demand in medicine and consumer products – from biocides to fridges to paint. Before the invention/discovery of antibiotics, silver was the world’s most important antimicrobial agent. Silver is the best thermal and electrical conductor of all metals, so every phone, every computer, every TV, every (decent) battery, every photovoltaic cell contains silver. Sooner or later this means there is going to be a run on physical silver. In other words, the silver that has been sold can’t be delivered. The amount of silver sold forward on the Comex amounts to more than one year’s supply. The silver price is suppressed (so the story goes) Thus, really, the ratio should be lower than 15.ģ. What’s more, silver gets consumed and so no longer exists gold does not – it remains. And that’s assuming there is no appreciation in the gold price. A return to the historical average would mean silver five times higher, above $100/oz. Today the silver price is 79 times the gold price. And by historical average I mean in Ancient Mesopotamia, in Ancient Greece, in the Dark and Middle Ages, in the Early Modern Era, right up to the 20th century. There is roughly 15 times as much silver in the earth’s crust as there is gold, thus, the silver price should be 15 times the gold price. Is there any other asset, let alone a commodity, that is trading at such a discount to its all-time highs, especially with all the currency debasement that has gone on? It’s so cheap. Today silver sits at $22.60 – that’s 55% lower. The all-time high for silver was $50/oz, a price set a long time ago in the mists of time. Let’s start with why you should go all in and buy.
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