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0 sats \ 2 replies \ @SimpleStacker 4h \ parent \ on: Silver has grown more in the last 3 weeks than bitcoin in the last 15 years bitcoin

Isn't the post title simply false?

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11 sats \ 1 reply \ @freetx 4h

I think "it depends".

Most estimates show that there are about 4B ounces of "investment grade silver", but that maybe 12x that amount (50B ounces) has been mined thru history (most of it for industrial / jewelry use).

So it depends on what we are talking about, if just investment grade, then silvers market cap has gone up by $240B, if you include all silver than it went up 2.8T

Given that the current price is on investment grade, I think that implies the 4B ounce number....

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38 sats \ 0 replies \ @SimpleStacker 3h

Oh, they are referring to total market cap.

Seems a bit disingenuous, usually when we say "grown" in the context of assets we mean percentage terms.

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