Found this in the comments section. Someone mentioned that WSJ is already reporting on it.
Archive: https://archive.is/mVrSN
Silver futures prices and shares of silver miners climbed Thursday after a user in Reddit’s popular WallStreetBets forum posted about executing a “short squeeze” in the notoriously volatile precious metal.
If the Reddit op is right about the reserves following WWII, and with the crazy inflation we are about to experience, there is probably a real opportunity in the silver market.
>Global industry has been able to get away with producing so little new silver for so long because governments have dumped silver on the market for 80 years, but now their silver vaults are empty. At the end of WW2 government vaults globally contained 10 billion ounces of silver, but as we moved to fiat currency and away from precious metal backed currencies, the amount held by governments has decreased to only 0.24 billion ounces as they dumped their supply into the market. But this dumping is done now as their remaining supply is basically nil.
Naturally occurs at a 1:15ish g:s ratio. Half of all that is mined is used in industrial uses. 1:8. Gold mined is kept for the most part. 1:4
Trading right now at 1:70.
When you see silver skyrocket, get your bugout bags ready because market collapse will be on the horizon.
(post is archived)