Ok, so silver is valuable for technological reasons, but ...
Many (but not nearly enough of us) already know most of the silver talking points ...
Silver:
- is a critical component in many of our technologies (e.g. mobile phones, flat screens TVs, solar panels, medical devices, etc).
- comes out of the ground in roughly the same amounts as gold, but the paper markets value gold at ~70x silver.
- is thought by many to be heavily manipulated on the COMEX and the London LBMA markets.
- is found higher up in the Earth's crust and, thus, it's easier to forecast wrt deposits that have been and will be discovered.
- is thrown away every time we dump a flat screen TV or cell phone in the trash, never to be reclaimed.
- might run out within the next 20 to 30 years.
- is being actively and aggressively hoarded by JP Morgan.
- etc, etc, etc.
I recently discovered Bix Weir's RoadtoRoota YouTube channel and I've been a regular listener to YouTubers like Mike Maloney, jsnip4, and our very own @maneco64.
And all these gentleman happen to also be big fans of cryptocurrencies like Bitcoin.
Regarding gold and sliver, these guys all have a similar message centered around stacking gold, but mainly silver due to its greater importance to technology and the fact that it's been heavily manipulated to keep the "paper" price down and to keep the masses away from even thinking about investing in it. Thus, silver is thought by many to have a much larger upside potential.
So the average person goes and buys some silver derivatives like the iShares Silver Trust and before they see it coming, the manipulators slam the price down to cause panic selling. They taught you a good lesson, and hopefully now you will steer clear of precious metals (both paper and physical) in the future.
This is one of the best videos I've seen that provides a nice laundry list of the benefits of stacking physical silver:
So my question is simply this:
If silver is so valuable, and also very reasonably priced right now at about $18.20 US per troy ounce, why aren't we hearing about huge buying sprees by the companies that rely on available silver to produce their products? You would think companies like Apple, Samsung, Tesla, Alibaba and many others would be fighting tooth and nail over gobbling up whatever supplies they are to currently be purchased.
Surely, the smart folks running these companies know vastly more than I do about this topic!
Bix Weir makes the point that the geniuses running the hedge funds would be smart to get out there and buy up large quantities of physical silver which would drive up the price and make their clients extremely happy!
Basically that silver that we can buy as a consumer right now for under 20 bucks an oz in these small amounts is a huge opportunity and gift that won't be around a lot longer.
Hedge fund managers will be buying metals soon enough if they aren't already!
I have a get-what-I-can-afford-while-I-can attitude and I'm prepared for silver to go down in value before it goes back up.
Agreed and Agreed. I follow Bix's stuff closely myself!
Yeah Bix is quite the character, both informative and entertaining!
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Agreed, silver is very valuable and has more uses than gold. Our phones, computer, many electronic devices, solar panels and many more all uses silver for electrical conductivity and the only alternate is gold. Imagine we ran out of silver, we'd have to use gold and then if we use gold, everything would be very expensive!
We stack silver specially the Canadian Maple Leaf, this coin is highly liquid and recognized worldwide. Happy stacking folks!