Citizen
Member
I know that much of the speculation on these forums is driven in large part by the imminent demise of the USD, and fiat currencies worldwide.
Obviously a part of the value of silver (and other metals) is driven by industrial demand. In the event that there is another, far more serious economic decline (revolution?) than was experienced in 2008, one could reasonably expect that industrial production would screech to a grinding halt in line with the global economy.
As such, industrial demand for metals would greatly decline. My question is this:
Would such a decline (or near halting) in industrial production essentially offset any of the bullish gains in metal prices that a collapse of fiat currency would bring?
Really keen to hear some opinions on this matter. Thanks in advance.
Obviously a part of the value of silver (and other metals) is driven by industrial demand. In the event that there is another, far more serious economic decline (revolution?) than was experienced in 2008, one could reasonably expect that industrial production would screech to a grinding halt in line with the global economy.
As such, industrial demand for metals would greatly decline. My question is this:
Would such a decline (or near halting) in industrial production essentially offset any of the bullish gains in metal prices that a collapse of fiat currency would bring?
Really keen to hear some opinions on this matter. Thanks in advance.
