>>16588920>silver might be barred from being sold to mints because of its necessity in electronics that make the world turn.This is exactly the kind of retardation one might expect from the EU government, not unlike their "price cap" on Russian oil.
The REAL solution is something called "market" pricing which would allow the supply demand curves to intersect at point determined by the market.
The consumer electronics problem is not the main one. There is probably somewhere between 1/100th to 1/10th of an ounce in an iphone. That would equate to between 30 cents to $3.00 per iphone. Even if the price if silver TRIPLED, the material cost is basically a rounding error in the bill of materials. For most industries that use silver, ie, automotive, electronics, industrial catalysts, etc, the price of silver is not a major driving factor.
A tripling of price would incentivize significant increases in production.
Price controls/rationing actually suppress production and create endless shortages at worst and black market pricing at best.
