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Silver is a depleting asset: WSB interview w/ Andy Schectman

PostPosted: Wed Feb 10, 2021 9:08 am
by 68Camaro
This is worth a watch, and tells most of the story that various people have been trying to tell on this site for years. Andy speaks to silver being a depleting asset (which I and others have been claiming for a number of years, debated here for awhile, only became obvious a couple of years ago) and heading eventually to an 8:1 gold to silver ratio, based on mining availability.

Andy is co-owner of my personal favorite (full disclosure) PM dealer, Miles Franklin.

https://www.youtube.com/watch?v=Xwbg9KB ... e=youtu.be

Re: Silver is a depleting asset: WSB interview w/ Andy Schec

PostPosted: Wed Feb 10, 2021 9:57 am
by Cu Penny Hoarder
Certain PM pundits claim the COMEX and retail coin/bullion market are 2 entirely different things. If that is true, it doesn't really matter how many/much physical PMs gets cleaned out from online bullion dealers... the COMEX will just keep their paper price manipulation scam going through SLV and GLD. Normally they simply settle in cash. The traders holding contracts MUST demand physical delivery or nothing will change.

Their paper scheme will break down someday, but at the rate this is going, we'll may all be dead by that time.

Re: Silver is a depleting asset: WSB interview w/ Andy Schec

PostPosted: Wed Feb 10, 2021 10:06 am
by 68Camaro
Like any bubble - things appear to be one way, until they aren't. Bubbles usually burst overnight - and the obvious signs are only obvious to most in hindsight.