Yes, it has made me consider unallocated silver especially if we push higher GSRs.This is a great video. Straight to the point, no time wasting beating round the bush.
Have you seen his GSR video? This was posted in March 2018.
He advocates that Silver is a good buy over a 10 year period if premiums can be limited to 10-20% and the silver is bought when the GSR is a high level, like over 72.
That's exactly why I sold my small 150oz hoard of silver, started becoming too hard to store. There is the risk of total loss with paper silver but I am a small fish and would never be playing with more than I can afford to lose. A few kg of unallocated silver would be enough to make me very happy if the GSR reversed enough for a swap and but also enough for me to not shed a tear over. Being unallocated I would also be able to swap it much easier than if I was chasing a buyer for physical silver at its peak.
That particular Lunar set(the colorful edition) was a big crap -very expensive-money grabbing set. I've almost bought it. They lost nearly 60 percent from issue price.
And previous buyers are getting rid of them "on the bandwagon".
Yes, that's a possibility, silver could go all the way down to those sub-16 $ levels. It's highly volatile, so it will probably bounce between 10-25 $ for a while - that's a possibility. I think.
The terrible slowdown seems like it's keeping silver down. I've read several articles pointing out to (indeed) lower industrial demand:
https://www.forbes.com/sites/greats...-production-demand-gdp-dynamics/#44d08e48406b
https://www.mining-technology.com/features/inefficient-and-uncertain-is-silver-losing-its-lustre/
The silver institute on demand (more details here) - overall, production and demand are all higher (here, according to them, at least):
https://www.silverinstitute.org/silver-supply-demand/
Here's a similar chart for gold.
Compare with silver. If you look at the figures, Mine supply of gold from 2012 to 2018 has risen at twice the rate of silver. Demand for physical gold has actually fallen marginally while the demand for physical silver has risen slightly. This would correlate with the falling demand from India, the largest consumer of physical gold, due to higher gold taxes.
So which is the manipulated metal? Is silver manipulated downwards or gold is pumped up? To me, it's more like the latter is being pumped up by countries that are trying to undermine the dollar, while silver is languishing due to weak demand, but if mine supply continues to fall, it won't be unnoticed in the long term.
Regardless of statistics, one thing is undeniably true - the price of gold is more manipulated than the price of silver. The other truth is almost all the gold that is mined in the world is available for sale.
Pirroco says that actual physical supply and demand don’t matter for the price of silver. It probably also applies to gold.
These days anything is possible-they can make you broke if they want to...but if you are holding to much cash thinks can be even worse...
Africa is rising simply via birth rates. All of Europe and the west is falling below critical 1.3 rate of child per couple whilst Africa is at 6+
I think the yuan will play dominance role one day or Saudi riyal,but if this will happen I don't want to be around in this new world order...
A collapse of the SD will drag down the Saudi riyal as well. They have princes waiting to start a war over the throne anyway, no chance tribal nomads will ever be globally dominant.