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Stackers like to justify their buying with the sky is falling,but for45 years paper money still buys your groceries and clothes. They do not accept metal and if you think that will happen you are dreaming.
U believe in what you want. I can't believe that the real demand is not reflected in the price. If anyone needs silver or gold for commercial use how you can you fix the price with 'paper'? You can't use paper if you are in a business of minting coins or making jewellery, can you? There is more of gold supply than demand and you need a financial chaos/unrest to pump it up.
And it's a mystery to me how all those gold promoters are impotent in doing so. It will finally happen but not because there is shortage but because of serious economic or political unrest and panic buying. And as the title says most will lose money on this trade as a lot of them will buy and will never sell.
There were some who were buying gold for $2K long time ago. Did they sell into the last run? Or they regret they didn't and still praying for the price to go up. Russia has so much deficit that regardless of how the war finishes they will have to start selling gold to finance any economic recovery. It's enough if they stop stacking more. The fact is there was a record demand from central banks in 3Q'22, close to 400t and it didn't do anything to the price. How can your expert explain that?
Physical
Paper silver and gold should be criminal!!!!!
Get out of paper and gold paper contracts get physical delivery before it’s too late
We are at a crossroads on Earth and you can bullshit the world with your zombie fake IT in your Bitcoin. But the world is transcending from the world's reserve currency to a completely different world we've previously lived in. And as war is at the forefront of so many nations at the moment, the only thing that stood it's ground was precious metals. I'm no Einstein but I can see it from a mile away precious metals and more importantly non perishable foods
I have seen silver at $3 and I have seen it at $50 and I have seen gold at $35 and nearly $2000 an ounce. The cheap silver was in 1968 and the high in 1980. The cheap gold was in 1968 and the high most recently. Both metals will be needed as fiat currency money goes away. If Bitcoin would have put 20% of their profits into gold, it would still be worth $60,000 a coin and not $16,000 or soon to be $13,000.
Not worth watching
Yer Ed ….we are really about to cash in … silver went up 11 cents per oz today .
You have been saying this rhetoric for more than 5 years .
Yes, you CAN have demand that exceeds supply! Duh!
Anyone buying physical now and holds isn't going to regret it.
It looks like Russia and China with the new digital you want back by pure silver and gold's gonna put an end to that
Ppl know gold and sliver been here thousands of years dont let these ppl tell you dont own physical metals
I dig 22 carat from my back yard in Sierra Leone .
3% have only physical
This is just a repackaged replay of something that came out with the same players a few days ago with a typical fear mongering title! VERY annoying!