300t of gold is used yearly in manufacturing. 20kt of silver is used yearly in manufacturing. Silver will never be money.
@Justicar That's a dumb view, seeing how silver has already been money.
@GummyNerds so you see copper as money too, then?
@Justicar Copper. Cigarettes. MRE cheese.
Commodities monies are varied, depending upon place and time.
@GummyNerds @Justicar
I don't get it. Where did this come from? Everyone since forever has used gold, silver and coin as currency.
America itself has always used it!
https://alansfactoryoutlet.com/infographics/the-metal-composition-of-american-coins-since-1783/
@Justicar @GummyNerds
Mb, i meant where this doubt that silver can't be money.
So far as I'm aware, you can't transmute silver in a lab/factory.
@Justicar @GummyNerds
If it's irrelevant that silver can be money, why post initially that silver will never be money?
Just for attention, like an Instagram thot picture?
@Zeb @GummyNerds i'm not talking fucking mad max apocalyptical world ffs.
@Justicar @GummyNerds
America wasn't mad max apocalyptical world before 1971.
That's when Nixon officially dropped the silver standard after the coinage act of 1965 started to reduce the silver coins in circulation.
@Zeb @GummyNerds that is all irrelevant. My main point was to point out that silver bull run will never happen like gold is as many people keep complaining about silver being suppressed and that one day it will break out. It will not.
@Justicar @GummyNerds
It's happening right now. Silver is up 119.2% in the last 5 years.
34.76% in the last year to date, above gold.
https://www.apmex.com/silver-price
But ok, guess reality, history and economics are irrelevant. It's an odd point anyway.
@Zeb @GummyNerds that is irrelevant. look at what ecentral banks around the world are buying. it is not copper, nor platinum, not silver. it is only gold.