but there is still a lot of silver floating in the market.
Sure there is Just like the 100yr old jew diamond scam. Diamonds are literally worthless rocks. Gold,Silver,Paper notes are all propped up worthless without market support substances. Potatoes are worth more than gold if your hungry
I point this out all the time but then some moron always replies " but if you have good you can just buy what you need". Always failing to realize that only works if there is a system in place. In the event of a collapse I'll take the potatoes.
With an ounce of gold you can buy thousands of potatoes if your hungry. Can’t go around trading in potatoes. Gold represents labor, the labor it takes to mine for it, pan for it etc...it has a production cost. It’s relatively scarce and it’s desired by many because it does not oxidize. While it’s true the mega rich and powerful artificially control prices of metals and stones like gold and diamonds (Da Beers). They still would have value even if they weren’t being manipulated because they are valued for their unique properties and they don’t grow on trees, especially gold, diamonds more in abundance but not gold.
“ Scarcity
The mentioned characteristics are enough to make a very useful and desired metal; thus, a very valuable one. Besides, it is important to consider that gold is rather scarce. It is estimated that the whole gold of the planet equals a total of 168,180 tonnes or 5,407,112,558 ounces. To visualize this volume, let's imagine a single solid gold cube with edges of about 19 meters. This is about three meters shorter than the length of a tennis court.”
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