>>524418048Wellllllll......>Starting Jan 1st, China has export restrictions on silver. China is the 2nd largest producer of silver in the world. >5 years in a row demand has exceeded what the mines can produce. Industry has been consuming silver that was in vaults.>Companies like Samsung are going direct to silver miners and signing deals to buy silver production for years into the future.>Silver is mostly a biproduct of copper, lead or zinc mining. Mining companies get maybe 1% to 2% of their revenue from silver.>Silver is actually consumed by industry, into electronics and other products. Much of it cannot be recycled.Silver peaked at $35.52 in February of 1980Adjusted for inflation, that would be $145.92After the 2008 GFC, silver peaked at $48.70, adjusted for inflation that would be $70.18, so we have officially surpassed where it peaked during the last crash... and this crash hasn't even started yet.
>>524418048all i know is silver chads deserve this for fighting the good fight
>>524418048The stars aligned
>>524418048I'm not even mad about having sold earlier since my goal was to store wealth, not accumulate sameIf anything, the efficiency of silver as a wealth storage tool has just gone up, you get a higher density of wealth storage in a smaller amount of space, what's not to like reallySo no, i won't "buy the top" now, it can keep rising to hundreds of dollars per Oz far as i'm concerned, it is all the same to me
>Why?The demand for Silver in technology went up 10X.The supply also dropped.The price of Silver doubled, and is still going up.
>>524418048seen this one before
>>524418866I sold 30% of my stack giving me 100% back of my initial investment. I couldn't care less if its a pump and dump.
>>524419155its not a pump and dump, check out copper the shortages are real, dont buy gold its being replaced
>>524419243What exactly am I looking for in copper?
