$BTC longs looking to park money during the bear market should consider #silver
Another dollar-bear, inflation hedge, scarcity asset play
21 million total bitcoin, only 2 million of the 1000 oz silver bars. Respective prices are ~$50k vs ~$26k
10x as scarce, 1/2 the cost
not to mention the fact that a majority of annual silver that gets mined is used in swiftly growing high-tech industries such as EVs, solar, chips, batteries, satellites, etc
It has a baseline demand that's functional and burns supply
As you will prefer a highly liquid, digital form, $PSLV is one of the easiest ways
Some sites do direct crypto to silver when ordering physical, or keep it tokenized and go with Kinesis or other crypto-focused platforms
I buy $PSLV because that's my personal favorite
#silver move is just getting started, community still small (look at #wallstreetsilver versus all of the crypto subreddits)
It's early. You can always switch back later
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The fact that @PeterSchiff defended unallocated #silver accounts again on his show, but without adding anything of substance, shows what a great job the true precious metals community is doing
Keep educating people as to what these accounts are, get a refund, buy real metal!
I’m clearly not alone in saying this, but the metal just isn’t there
You are lending money and paying a shitload of fees to do so
You have little to no rights in these contracts. It’s simply a terrible product
@PeterSchiff and his bank EuroPac collect massive fees to push you into it
Just because he says you should diversify doesn’t mean he didn’t recommend putting part of your money into the single worst precious metals product that exists, for his own gain
I listened to you discuss oil on the Silver Fortune podcast @SRSroccoReport
I have a couple of questions on that energy outlook
1. What about the countervailing trend of increased energy efficiency, better MPG, reduced electricity usage in lighting and AC, electric vehicles?
Over the last decade alone I saw in another report the ‘bite’ of higher oil prices has been reduced by 30% due to the last decade of progress, why will this not continue?
2. As oil prices rise, it incentivizes renewables to proliferate faster, and scale makes them cheaper
3. Impacts of increased remote and virtual work?
4. Impacts of high density indoor farming, and localized energy production via solar/wind reducing need to transport food and carbon based fuels?