great report,i guess thats why doing your own research is better than gulping the kool aid from someone trying to sell you something.the use of public docs makes it easy to verify.not too easy to verify secret conspiritors and elements magically vanishing
The most useful part of this discussion is the statement at 06:23 that, “The appearance of low silver reserves is often used by people that sell silver to claim that silver mining is running out.” I believe the same kind of nonsense and flawgical misunderstanding is at the root of other ‘science’, such as Peak Oil. If I recall correctly, we were told that the Alaska pipeline would have nothing to transfer a mere ten years after its start-up. That was in the mid-seventies.
Back on topic, I find it of great interest that we equate precious metals to money. Metals are merely a commodity valued (priced) in terms of a chosen currency, or money. If a commodity is priced in terms of a currency, and that currency is significantly devalued, than it stands to reason that the commodity will simply be nominally re-priced. It has no more intrinsic value than the currency. You will be able to exchange your metal for a larger quantity of that less valuable currency. If that is your plan, then you’re just a trader. And you should “buy low, sell high.” Alternatively, you can “acquire at any price” and lose your shirt along with the 95%. You need to understand the rules of the game you are playing.
Life has intrinsic value, shiny rocks do not.
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.
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Barter, you say? That’s a horse of a different color.
When will people learn that things don’t have intrinsic value, they only have the relative value that a person or group of people assign to them at particular place and time? That relative value is price and price, like beauty, is in the eye of the beholder.
Since people acquire things based primarily on how they believe that acquisition will make them feel, any fundamental information simply acts as confirmation bias for whatever they already believe. Because of this, pricing or trading is always about the emotional impact of new information. Based on the UTube comments I read about this article I suspect the Banker harvest will continue as silver moves lower.
I am glad for folks like dan that find all these things , (research) for us regular folks so we can spend our time doing other things, I have made more real money shorting silver miners, and silver stock than I have ever made being long, thanks again Don
great report,i guess thats why doing your own research is better than gulping the kool aid from someone trying to sell you something.the use of public docs makes it easy to verify.not too easy to verify secret conspiritors and elements magically vanishing
Thank you for sharing this Don!! Great reporting here!
The most useful part of this discussion is the statement at 06:23 that, “The appearance of low silver reserves is often used by people that sell silver to claim that silver mining is running out.” I believe the same kind of nonsense and flawgical misunderstanding is at the root of other ‘science’, such as Peak Oil. If I recall correctly, we were told that the Alaska pipeline would have nothing to transfer a mere ten years after its start-up. That was in the mid-seventies.
Back on topic, I find it of great interest that we equate precious metals to money. Metals are merely a commodity valued (priced) in terms of a chosen currency, or money. If a commodity is priced in terms of a currency, and that currency is significantly devalued, than it stands to reason that the commodity will simply be nominally re-priced. It has no more intrinsic value than the currency. You will be able to exchange your metal for a larger quantity of that less valuable currency. If that is your plan, then you’re just a trader. And you should “buy low, sell high.” Alternatively, you can “acquire at any price” and lose your shirt along with the 95%. You need to understand the rules of the game you are playing.
Life has intrinsic value, shiny rocks do not.
.
.
.
Barter, you say? That’s a horse of a different color.
When will people learn that things don’t have intrinsic value, they only have the relative value that a person or group of people assign to them at particular place and time? That relative value is price and price, like beauty, is in the eye of the beholder.
Since people acquire things based primarily on how they believe that acquisition will make them feel, any fundamental information simply acts as confirmation bias for whatever they already believe. Because of this, pricing or trading is always about the emotional impact of new information. Based on the UTube comments I read about this article I suspect the Banker harvest will continue as silver moves lower.
Interesting video Don. Great work.
I am glad for folks like dan that find all these things , (research) for us regular folks so we can spend our time doing other things, I have made more real money shorting silver miners, and silver stock than I have ever made being long, thanks again Don