USD16.5 billion can buy the entire's world's supply. Compare that to Apple's and Amazon's nearly 1 trillion dollar market caps each, and Warren Buffet's USD100+ billion cash hoard.
Isn't it a no brainer?
Putting $16.5 billion into physical silver against many hundred billions of unlimited paper silver?!?
No wonder there are so few Billionaires. Who is the no brainer?
Don't really know how silver paper market works, but I do know how the internet stocks work.
Amazon earned a net profit of 3 billion last year, but the stock now has a market cap of more than $800 billion. This is a perceived value because if everyone starts to exchange their Amazon share with cash, the stock price will collapse more than 90%. The stock market value of a stock like Amazon is not real.
Perhaps when everyone start to demand to exchange their silver paper for real silver, the price of spot silver will collapse?
The Hunt brothers would probably be keen on buying USD16.5 billion dollars worth of silver.
For me the future of silver looks like the new 1oz RMC silver buffalo bars!! Boy do those things look nice and cant wait to get mine!In the US....
premiums are extremely low for many silver bullion coins and generic bars and rounds - apparently there's a great surplus of silver on the market....
US Mint sales of bullion ASE's is sluggish this year....
lots of silver stackers are taking their money into cryptos....
GSR appears to be poised from hereonin above 70....
long time silver bulls like Andy Hoffman are extremely sour on silver and have apparently sold all their silver....
silver hasn't been used as money in the U.S. for decades and looks like there will never be a return to a silver backed US currency....
What's the future of silver look like to you?
What's your game play?
Cryptocurrencies are nothing more than digital FIAT without government backing. There are 1384 cryptocurrencies and there is nothing stopping the creation of a billion more. What is their intrinsic value?
How? Can they make solar panels out of silver?