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Went by my local gold and silver dealer today and there is a sign up that read : Gold and Silver sales are suspended until further notice. I went in and talked to him and he told me he's never seen anything like this in his lifetime and that it has to be controlled demolition.

Went by my local gold and silver dealer today and there is a sign up that read : Gold and Silver sales are suspended until further notice. I went in and talked to him and he told me he's never seen anything like this in his lifetime and that it has to be controlled demolition.

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[–] 1 pt

a few times more abundant than gold

This is not correct. There actually exists more gold above ground in a refined form than silver. This is because silver is used in Many industrial processes such as creating photographs and never recovered/recycled.

Yeah i wasnt differentiating between all the forms of silver one would think there are more potential reserves that could be mined making it more abundant in that regard to gold. At any rate it should be priced much higher assuming rarity and demand should be determining factors in price.