>>20165442If another currency came along and dethroned the US dollar, and was backed by commodities instead of debt, I think silver would end up being very valuable. Silver certificates were redeemable for actual silver up until 1964.
>there is enough to expand existing supply by orders of magnitude.Oh really?
According to the data, silver demand outstripped supply in 2023, for the fifth year in a row. The deficit was just over 142 million ounces. And the forecast for 2024 indicates that the annual production shortfall will nearly double to 265 million ounces.
