demand is going up, supply is going down --> price should INCREASE not decrease
That is axiomatic
crypto legislation is scaring people from crypto, so they have greater demand in precious metals as a raft against inflation
crypto is extremely volatile and it has very very little adoption because it's difficult to understand, expensive and NOW it's going to be taxed just like gold -- subjected to capital gains
Crypto is going up. The time to buy is over. it was 32 or so, now I believe it's 42 ish.
Though they are both metals, and they are mined together, Gold and silver have really very little to do with each other. This is kind of like saying Bitcoin and Gold are things that are mined, but they are mined separately and are different markets. Yes, silver is often a byproduct of gold, but only because the price is manipulated
Also, the mines aren't changing their output based on supply / demand pressures, they simply keep mining at as steady a rate as they can based on THEIR inputs, which are subject to supply chain disruptions, COVID (labor shortages), etc
In other words, they are a factory that keeps producing AS FAST AS THEY ARE ABLE
Therefore supply--of physical--is based on mining AND what's circulating
spot price is based on the market price of an ounce of PHYSICAL
EFTs are based on spot price, not the other way around. However, they are fractional shares, fiat issuance of a represneation of an amount
EFTs are being manipulated by bad faith actors in the futures market
When the banks can sell fake paper gold and fake paper silver, and people buy that instead of physical bars and coins. The price is bound to crash hard, once it crashes. It's fractional reserve banking 2.0, once again legalized and people are once again falling for it.
Keep in mind tho, this is not a problem with gold or silver itself. The assets are superior, just like Bitcoin and other decentralized open source cryptocurrencies. The globalists are manipulating the markets, running pump and dump schemes (which only they are allowed to do) all in order to scare people away from assets with actual market value.
These assets won't crash or disappear in the long term, this is just short term volatility. Weak hands will fall back to the only thing they think is stable, which is dollars. But dollars will crash and never recover, because that's what fiat currencies do.
The globalists already have carbon credit, social credit and vaxx passports (global digital id) ready. They also have UBI ready for these credit systems. See because carbon credit is limited in supply, i.e the globalist government decides how much carbon can be released into air every year, and they control the "prices" of everything.
They can distribute it equally (but really it'll be equity) among the people, and because everything produce emissions the global government can set the price tag on everything. Basically keeping everyone broke, with just enough savings to survive if working constantly. This is slavery on a global scale. Of course the elite themselves can live in luxury and always have unlimited carbon credit because they're "important".
That is axiomatic
crypto legislation is scaring people from crypto, so they have greater demand in precious metals as a raft against inflation
crypto is extremely volatile and it has very very little adoption because it's difficult to understand, expensive and NOW it's going to be taxed just like gold -- subjected to capital gains
Crypto is going up. The time to buy is over. it was 32 or so, now I believe it's 42 ish.
Though they are both metals, and they are mined together, Gold and silver have really very little to do with each other. This is kind of like saying Bitcoin and Gold are things that are mined, but they are mined separately and are different markets. Yes, silver is often a byproduct of gold, but only because the price is manipulated
https://www.valuewalk.com/2016/07/silver-vs-gold-mining/
Also, the mines aren't changing their output based on supply / demand pressures, they simply keep mining at as steady a rate as they can based on THEIR inputs, which are subject to supply chain disruptions, COVID (labor shortages), etc
In other words, they are a factory that keeps producing AS FAST AS THEY ARE ABLE
Therefore supply--of physical--is based on mining AND what's circulating
spot price is based on the market price of an ounce of PHYSICAL
EFTs are based on spot price, not the other way around. However, they are fractional shares, fiat issuance of a represneation of an amount
EFTs are being manipulated by bad faith actors in the futures market
https://www.adamseconomics.com/post/the-undeniable-manipulation-of-the-silver-market
When the banks can sell fake paper gold and fake paper silver, and people buy that instead of physical bars and coins. The price is bound to crash hard, once it crashes. It's fractional reserve banking 2.0, once again legalized and people are once again falling for it.
Keep in mind tho, this is not a problem with gold or silver itself. The assets are superior, just like Bitcoin and other decentralized open source cryptocurrencies. The globalists are manipulating the markets, running pump and dump schemes (which only they are allowed to do) all in order to scare people away from assets with actual market value.
These assets won't crash or disappear in the long term, this is just short term volatility. Weak hands will fall back to the only thing they think is stable, which is dollars. But dollars will crash and never recover, because that's what fiat currencies do.
The globalists already have carbon credit, social credit and vaxx passports (global digital id) ready. They also have UBI ready for these credit systems. See because carbon credit is limited in supply, i.e the globalist government decides how much carbon can be released into air every year, and they control the "prices" of everything.
They can distribute it equally (but really it'll be equity) among the people, and because everything produce emissions the global government can set the price tag on everything. Basically keeping everyone broke, with just enough savings to survive if working constantly. This is slavery on a global scale. Of course the elite themselves can live in luxury and always have unlimited carbon credit because they're "important".
Holy shit. I'm basically just in gold and silver right now. I can't sell.
Good luck finding any at these prices. That's the paradox OP mentioned in his comment. Price goes down, demand goes up, supply vanishes.
Newsflash: All Markets Are Manipulated