408 (food for thought)
It's estimated by many people I've listened to that for every physical ounce of silver mined, 408 pslv shares are traded that cannot be delivered.
If you understand that ratio, you can see the manipulation that is being orchestrated.
What is the true value of physical silver?
Do your own research.
If you can't hold it in your hand, do you really own it?
Just food for thought 🤔
Comments
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This is why I like to self-mine most of my silver portfolio. At least 80%. It's worth the trouble. Bird in hand and all that.
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Gold and silver have both been artificially manipulated for years.
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I don't know the answer to it's true value but I have a chunk and if things go sideways it'll be worth a lot more than I paid for it! Plus I can hold it and hand it to someone as payment. No computer, phone or government involved. I have a large supply of lead as well and it'll be worth more than silver.
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If SHTF, it will be better to have coins than a ‘chunk’. As currency, who can make change?
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All I have is coins. I was referring to weight. They call them monster boxes.
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I've made it a point to buy as much 90% as I can get my hands on. Pre 65 quarters and dimes will make it a lot easier for small trades and making change.
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If SHTF, it’s best to have lots beans and bullets over any type of currency.
Natural selection has taken a step back coddled Western governments coddled (and also largely comprised of the same types in terms of governmental workforce) the weakest and least talented among us. The Great Reset, indeed.
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I have 12 rolls of Buffalo nickels that are still in coined Buffalo nickel form, a personally signed Alex Rodriguez rookie baseball, and tons of Jay Buhner memorabilia. And that's all I need.
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I'm set on bullets and beans. Bullets especially. Along with things that go Bang or are quieter and make a loud poof. Night vision is in the works. My neighbors are pretty well armed too. If not I can arm them all.
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I have three packages of dehydrated food.
