⚡Silver Stackers⚡
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The thing about Silver as money is it's meant to used as money.
That Seated Liberty probably saw a half century or more of hard circulation; and as the money gets worn down it only becomes more useful for circulation (people tend to spend worn down money first... assuming of course some joo didn't clip the edges).
A slick coin with very few features remaining still contains about 90% or more of it's original weight, so the value it produced in the economy is mostly retrieved at the end of a coin's useful life.
🦾⚔️ Never miss honoring your ancestors bloodline and prove yourself worthy of their hardest sacrifices - even after you realize you were born in the right millenium and probably in the right century - but definitely in the wrong decade.
May we all once become progenitors worth the same respect ourselves ⚡⚡
Steve St Angelo just released another fascinating market analysis video comparing gold and bitcoin mining fundamentals.
A couple interesting takeaways for gold are: the average cost of production is $1,900 which practically locks in the 2k level as support into the future; and that gold miners sell almost 100% of their production into the market.
Contrary to this, bitcoin average cost of production is well above the current price of bitcoin, and the vast majority of production is withheld from the market; which is indicative of a speculative bubble that will rapidly fall apart if any of the producers are forced to sell their mined bitcoin.
Although Silver and gold mining stocks do tend to lose cash over the longterm due to administrative operating costs and futures option premiums; bitcoin miners appear to be almost wholly supported by the stock market and are ripe for failure if either A) the broader stock market sells off sharply, or B) they are forced to liquidate their bitcoin stockpiles to cover losses.
When the bitcoin/crypto ponzi scheme eventually comes crashing down along with all the other fiat currency derivatives, Silver and gold will become the primary beneficiaries of mass capital flight.
Watch Steve's video here https://youtu.be/ntixfWje7HE?si=goldisgayBTCisAIDS
@SilverStackerSS
Proof of concept novelty silver round storage. Gonna thicken the lid to help get rid of the striping, might go to a slide on lid instead but that would eliminate any chance of adding a gasket to give it some semblance of being airtight.
Back from a trip to middle earth,picked up some goodies at the local bullion exchange
+1
Silver is a key strategic metal needed both for it's industrial and monetary aspects.
With Silver demand growing, and supply in a multi-year deficit, there will need to be new mine supply in the near future.
Since over half of Silver supply comes as a byproduct of industrial metal production, an economic recession/depression and subsequent drop in industrial demand threatens to cut Silver supplies exactly at the time when monetary demand will rocket higher.
New primary Silver mines can take multiple years to begin production, and thus the growing supply/demand imbalance will have to be met by sustained multi-year price increases.
https://www.visualcapitalist.com/sp/silver-the-unsung-hero-of-the-new-economy/
@SilverStackerSS
The Gold/Silver Ratio is spiking again, reaching the 88 level again o/
With average cost of production now at or above $26/ounce, this offers a great entry point with very little downside risk.
@SilverStackerSS
