In recent months, silver has lagged behind its precious counterpart, gold, failing to mirror its substantial upward trajectory. This trend solidifies the growing perception in markets that silver is shedding its monetary premium, transitioning into a predominantly industrial metal. Industries are increasingly utilizing silver for the expansion of renewable energy sources and digitalization efforts. From serving as conductors on circuit boards in smartphones and screens to its application in solar panels, silver is finding its place in the industry.
pull down to refresh
0 new comment
131 sats \ 2 replies \ @Undisciplined 1 Apr 2024
It's interesting that this is already happening. Messing around with the bitcoin valuation simulator got me thinking about when different assets would likely lose their monetary premia.
Silver certainly seemed like the most likely to lose it soon, since it's use case is small value transactions and bitcoin is proving it can do that.
If we're this far ahead of schedule, then Bitcoin's present discounted value is much higher than I estimated.
reply
0 new comment
115 sats \ 1 reply \ @grayruby 1 Apr 2024
I listened to Mark Moss on what bitcoin did over the weekend and his price target is 43M not 43B so I guess I might not be buying the Knoxville Smokies after all. Maybe I will have to crowdfund it on SN.
reply
0 new comment
50 sats \ 0 replies \ @Undisciplined 1 Apr 2024
I think the $43B must have been his market cap estimate in that video. I haven't bothered to rewatch it, but I often got numbers in that ballpark on the simulator.
reply
0 new comment
71 sats \ 0 replies \ @grayruby 1 Apr 2024
A lot of silver cope from the precious metals crowd on twitter these days.
reply
0 new comment
42 sats \ 2 replies \ @FallingD02 1 Apr 2024
According to the ratio XAU/XAG, it is undervalued! It's not bad to stack a little, in the end it's much better than having paper in hand, or digits in a bank account
reply
0 new comment
21 sats \ 1 reply \ @flat24 1 Apr 2024
and don't forget that if you don't touch it, or don't guard it, it's not yours!
reply
0 new comment
0 sats \ 0 replies \ @GhostofTruth OP 1 Apr 2024
True
reply
0 new comment
21 sats \ 3 replies \ @riberet19 1 Apr 2024
This is quite revealing, I like to invest in silver coins periodically, this definitely, maybe I should rethink whether to continue putting the same money there.
reply
0 new comment
10 sats \ 2 replies \ @GhostofTruth OP 1 Apr 2024
I sold my last silver one year ago and bought on the way home btc at my ATM.
reply
0 new comment
21 sats \ 1 reply \ @riberet19 1 Apr 2024
definitely a smart move seeing the behavior of both
reply
0 new comment
0 sats \ 0 replies \ @GhostofTruth OP 1 Apr 2024
In the end it was only a collection of nice coins without any function
reply
0 new comment