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Silver is byproduct of other minerals,so it is abundant .
Not really very abundant - Ag (silver) is the 68th most common element - about 0.0000075% of earth crust - if it was abundant it would be less valuable. Silver is mostly valuable because it is used in manufacturing. Only some silver is mined as a byproduct of other mining - mostly copper or lead mining.
Silver is anything but "abundant." It is only artificially abundant, because they're are more than 400 paper ounces of silver for every one ounce of real silver.
No such thing as "paper silver" - the exchanges that trade silver have to have the physical metal in storage to trade.
No such thing as "paper silver" - the exchanges that trade silver have to have the physical metal in storage to trade.
Have you not ever heard of the ETF markets? They are the markets that actually control the price of the commodities, including silver. There are 400+ paper silver ETFs for every one ounce of real silver. FACTS
all the talk about silver being an industrial metal as well as precious metal,but it still follows gold.
Not the case when recession fears take hold .
2008 saw gold up , silver plunged bad with all other commodities.
Silver tends to follow the economy being an industrial metal first, when things turn nasty and recession seems a given.
Dr Frankenstein versions of the permanent portfolio have been tried with silver , oil and real estate for 50 years now as a proxy for gold ….everything but gold has proved to be to wishy washy to be used
Last edited by mathjak107; 12-03-2022 at 07:46 AM..
2008 saw gold up , silver plunged bad with all other commodities.
Silver tends to follow the economy being an industrial metal first, when things turn nasty and recession seems a given.
Dr Frankenstein versions of the permanent portfolio have been tried with silver , oil and real estate for 50 years now as a proxy for gold ….everything but gold has proved to be to wishy washy to be used
Silver is a precious and monetary metal first and foremost, as it has been since time immemorial. Only since the post WWII era has it been considered an industrial metal.
Silver is a precious and monetary metal first and foremost, as it has been since time immemorial. Only since the post WWII era has it been considered an industrial metal.
Well 2008 says other wise ..it plunged just like every other commodity that had ties to industrial and commercial use like oil
Oil down 55%
Slv down 24%
Gold up 5%
It still is not The same as gold which was up in 2008 when push comes to shove
Last edited by mathjak107; 12-03-2022 at 10:58 AM..
Silver is a precious and monetary metal first and foremost, as it has been since time immemorial. Only since the post WWII era has it been considered an industrial metal.
Metal coinage as a means of exchange dates to around 600 BC, in competition with other metals, grains. heads of cattle, sheep, wool, and other textiles. This is some three thousand years after the first records of civilizations.
So metal coinage as a medium of exchange is relatively new, and in any case by now for the most part technologically obsolete as such.
True, silver is shiny and also made cute decorative cups and plates and such for some five thousand years, as well as serving as metal coinage every now and then; and by now the faux-silver coins currently in circulation also serve as cute little collectables.
Will silver make a comeback as a major means of exchange in the form of coinage?
Maybe, maybe not.
Maybe cow dung will make a comeback as an important source of fuel.
I don’t exclude it, but I’m not holding my breath.
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