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Title: Silver Scarcity Gets More Extreme
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URL Source: https://www.zerohedge.com/news/2022 ... ver-scarcity-gets-more-extreme
Published: Sep 3, 2022
Author: Tyler Durden
Post Date: 2022-09-03 07:17:54 by Horse
Keywords: None
Views: 186
Comments: 6
By Keith Weiner Since our last silver article, the price of silver has dropped. With due respect to Frederic Bastiat, the price is the seen. The basis mostly goes unseen. We will take a look at the market data, revised for a few more days of trading. Warren Buffett, 2008, and the Cobasis But first, let’s look at a chart we have discussed a few times over the years. It shows two ratios: gold basis to silver basis, and gold cobasis to silver cobasis. It shows a measure of gold’s abundance to silver’s abundance, and gold’s scarcity to silver’s scarcity. When the blue line is above 1, it means the gold basis is higher, which means gold is more abundant. When the red line is below, it means gold is less scarce. Gold and Silver Basis Ratio The blue line is not merely above 1. It is now above the spike in Oct, 2008. To find a level this high, we have to look as far back as 2006. In other words, 16 years. Before that, 2001. And before that, 1998, when Warren Buffett’s Berkshire Hathaway was buying mass quantities of silver—after he drove the price up 73% from about $4.25. 
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#1. To: Horse (#0)
"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡ "Resistance to tyrants is obedience to God." -- Thomas Jefferson
It will go straight up because there is a lot of money and no good place for it to go. Just gold and silver. some food and oil, the other commodities. I don't like crypto.
The Truth of 911 Shall Set You Free From The Lie
If it's so scarce, why is the price <$18/oz?
“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken
Distressed economies tend to make currencies in the economies more valuable, unless the currency itself is in distress. Russia cutting off all gas to Europe shocked the markets yesterday. Crypto got hit too.
It's going to go straight up tomorrow. But tomorrow never comes.
In early 2006 I bought a LOT of silver at $14.65/oz. Since that time, the S&P 500 has outperformed silver by a factor of 2.43. Were I to sell now, I'd lose as much on silver in the last 16 years as I've lost to Bidenflation in the last 2 years.
#2. To: ghostdogtxn (#1)
#3. To: Horse (#0)
#4. To: Lod (#3)
If it's so scarce, why is the price <$18/oz?
#5. To: Lod (#3)
#6. To: Lod (#3)
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