/biz/ - Business & Finance

The final redpill is that silver is a psyop.
People have fallen for it for 40yrs+, it will never go up.
There is 1 billion oz of silver mined per year - it is not rare and directly correlated to price of extraction.
Despite the "silver squeeze", the comex is still 2x 2016 levels (also spot was ~16$)
Timing of the reddit silverback movement was obviously promoted to direct attention from the gamestop stock sale.
Who owns the most silver? JP Morgan
Silver is not even a noble metal. It blackens with age.
Industrial uses of silver are limited due to abundance of copper which is only 6% worse at conductivity at 2$/lb.

Why do nu-channers simply copy reddit? You will never make any significant amount of money with your stinky black coins of a semi-common mineral.
You have been fully subverted. Don't believe me? Then look for some of the wild coping responses to this post(and similar) from some of your peers.
Responses like:
>But I am a chemist and I use silver everyday!
>Tesla's use silver bro. Trust me.
>Solar panels NEED my silver!
>The comex is really going down, boys SETF!
>A tomahawk missile has like 50lb of silver dude!
...
These are all insane viewpoints. The fact is it would take a continuous 30b$/yr attack on the market just to slurp up the amount of silver being "minted" each year.
>Bro that's like 3 bed, bath, and beyond market caps. We can do it!
lol

If you're still into shiny rocks after getting barebacked by these reddit-silverbacks and their Jewish masters, then do the following...

BUY NOBLE METALS.

(post continued)