>>14004305Comex Notes:
- The price of silver is set at a commodity exchange market called the COMEX that use "future contracts" to trade derivatives of precious metals at a set price/date.
- The Comex exchange only fulfills 1 out of 300 contracts, The actual supply of PHYSICAL silver is a fraction of what is being represented on the market.
- Paper Silver to Physical Silver float ratio is being traded 186:1. The total market cap of PHYSICAL silver is much smaller than represented.
- Silver is the most heavily shorted precious metal in the commodities market, massive paper short contracts suppress true silver price exploration.
- Don't fight rigged/monopolized silver futures, purchase physical silver. The paper silver price is essentially meaningless.
- Upcoming Basel III reforms will require banks to store an amount of physical collateral to hedge their liabilities between June 2020 - Jan 2023.
- Fiat Dollar to Ounce of Silver by float is currently $4795 an ounce.
Precious Metal Facts:
- Historical Median price of a home relative to gold is 100 ounces [during a depression] to 500 ounces of gold [during a boom]. Average median has been 300 ounces of gold or roughly 555k USD.
- The average Gold/Silver Price Ratio during the 20th century was 47:1, yet today is 70:1. For perspective, the Gold/Silver Price Ratio was 10:1 in ancient times.
- There is an estimated 1,600,000 tonnes of silver and 171,300 tonnes of gold in circulation. This makes the "true" Physical Silver/Gold ratio 9.34:1.
- There are 32150.7 Troy ounces in a Ton. This means 51440 million ounces of silver have been extracted to date, this includes silver that was lost/processed due to various industrial demands throughout history.
- 51440M Silver ounces divided by 331M US citizens = 155 ounces available per US Citizen. Likewise globally 51440M/7800M people = 6.6 Ounces of silver available per human on earth.
- Silver has many applications in Medicine, Electronics, Solar panels, EV's, Jewelry and more.
