Silver remains a tiny market with all above ground refined silver in the world at roughly 1 billion ounces for a total valuation of less than $20 billion at today’s prices.
Therefore, all the silver in the world is worth less than the total market capitalisation of one tech darling, Twitter. It is worth less than the total market capitalisation of Tesla.
All the investment grade silver in the world, is worth roughly what the Federal Reserve prints in one week – $19.6 billion. Incredibly, at $85 billion per month, the Federal Reserve is printing money and buying its own debt to the tune of $19.6 billion a week – “mind boggling”.
As for the race to debase and the manipulation of precious metal prices – “They can mess around with the price all they want, ultimately the price of everything in the long term will be dictated by supply and demand, particularly for a physical commodity like gold.”