>This is your average silver bull
>>61550619>This is your average silver bear
>>61550647Enjoy getting bagged with poojeets.
>>61550662Cool it with the anti semitic remarks.
>>61550619this guy annoys me for some reason, he seems like he knows a lot, easily more than I do with finance and economics but he just screams ruggy to me, idk. He's too much of what I'd imagine a /biz/chud would be like IRL.
>>61550619"an idiot has picked an asset that is currently doing well" is my favourite type of post on /biz/.how much money have you lost this year, OP?
>>61550661>countries experiencing inflation and loss of confidence in their currencies are buying precious metalsWow if I was retarded this would come as a surprise to me.
>>61550619This is a bitcoiner's wife's average bull
>>61550690Inflation is under control, energy which is the main driver of inflation is cheap. There is abundance of oil reserves.
>>61550704India has had cheap Russian oil for years and they've been dealing with inflation still. The Indian Central Bank opened up a USD short to try and stabilize the rupee lmao.
>>61550711The point is that the metal's rise in price is speculation driven and has nothing to do with inflation.
>>61550647that's a cute cub
>>61550723I don't think you know anything about why the price is rising at all. You don't understand the East vs West dynamic. You don't understand the loss of confidence in USD as a reserve asset. You don't understand the paper fraud that has set prices in precious metals for decades. You just see line going up and think "speculation" like a mouth breathing bumblefuck.
>>61550661>growing demand from 1.4 billion people is bad
>>61550690India was always a large holder and consumers of silver with high variability in demand. They've always held a lot in jewelry form and can be considered one of the largest informal markets capable of shaping price in either direction. Diwali demand is pretty well known at this point but back when Warren Buffett was buying the price started shooting up as it was announced and at the same time India had just experienced a bad national agricultural harvest. So many families sold jewelry into the rip it reversed price direction. It could happen again but there's clearly less free float available for multiple waves. If they sell in mass I don't think they'll have the means to buy back in with the same volume so it'll be a one shot effect all within a much tighter market governed by China's thirst as well as SE asia in aggregate.
>>61550723Some of this run is undoubtedly silver catching up after lagging inflation in western markets during some of its most inflationary events. Its hitting 50 USD and staying there or above should have been a clue that 50 USD now isn't what it was in 2011. How much is fair value no one knows but supply deficits don't go on for years with fairly priced commodities. If the above ground stocks are burned or hoarded and no longer for sale then there isn't a real ceiling on silver just rapidly growing floor. Speculation is only possible when you've got something to sell it down, always possible with equities not necessarily the case with consumable commodities.
