Silver just put in a new ATH.

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stackers rejoice ...

3,2,1 till they suppress it ???
 
This is not going to be suppressed!
 
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i have been harping on this for months now. the bitcoin folks laughed at me.
 
Well bitcoin also put in new ATH recently.
 
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@brutana_dilewski are stocks real? is memory real? is love real? is your mortgage real? is money in your bank account real? just because you can't physically hold something in your hand doesn't mean it isn't real. I think the phrase you're looking for is 'intangible'
 
are stocks real? is memory real? is love real? is your mortgage real? is money in your bank account real?
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Anything that only exists electronically could be wiped away. The government could also freeze all of that for no reason other than 'we don't like you'. We need to understand that these institutions are beholden to people who don't like our politics and as such, could choose to eliminate our holdings without recourse. Like almost everyone, I also have money in a bank, and it really makes me nervous long term.

I get your point, but my point is that if I hold it in my hand, then someone with a gun has to take it from me by force. They can't be a pussy and hide behind a computer screen while they take my holdings.

The banks can empty your bank account whenever they want - if they decide to do a bail-in, they can literally take your holdings and use it to pay off their debts and there's nothing you can do about it.
 
@Nink like on a hard drive or something? My point is I can trade with precious metals, no tech needed. I know there are probably some crypto people on here getting a bit annoyed, but I am not here to dump on BTC. Go ahead and trade crypto, I hope you make big bank. But just know that without modern tech, it's not very liquid and could even become worthless.
 
@Nink so at that point its like cash? Not trying to be facetious, genuine curiosity here. Putting it on a gold plate would give it intrinsic value for sure, but if it's on paper, its still just perceived value? Again not trying to argue, but learn.
 
@brutana_dilewski

consider it a store of value. Random etchings on a gold plate wont in themselves make the gold plate worth more than the gold itself. But if you scribed the btc onto a gold plate you now have the btc plus gold plate as part of the valuation. Thr risk here might be folks not understanding what the data is.

There is one fellow, a btc advocate who actually puts btc on a 'coin' so you can store it off the network.
 
@brutana_dilewski gold and silver might become the new bitcoin is what i am hearing

still available at Costco (maybe not as it says out of stock??)
 
Silver has been manipulated by the markets. Tons of paper silver out there that isn't actually backed by physical silver. Gold to silver ratio is out of whack. Its about 80 oz Silver to 1 oz Gold, but in reality it should be much lower.

There's buzz about this now but I have been following it for many years. Holding ETFs/Stocks/etc is nice but if you don't have it in hand, you don't really own it.
 
Wow look at that push to drive silver down

On phone so i cant easy post a screen shot

Crazy
 
It will be very volatile because there are forces that do not want the value to exceed $50 USD. But in the end it wlil be the lack of confidence in fiat currency that will force it up because silver is finite in supply and fiat is infinite
 
Not merely the inflation argument. 70-80% of all new silver entering the market comes as a byproduct of mining other minerals, namely zinc/lead copper and gold. The rest is mined directly. The industrial demand for silver pretty much eats that all up with electronics being a main driver.

I'd keep an eye on those the supply demand of zinc/lead and copper as more mining on those will produce more silver otherwise the industrial side will be relying on pre existing supply which will drive growth.
 
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