In recent months, silver has lagged behind its precious counterpart, gold, failing to mirror its substantial upward trajectory. This trend solidifies the growing perception in markets that silver is shedding its monetary premium, transitioning into a predominantly industrial metal. Industries are increasingly utilizing silver for the expansion of renewable energy sources and digitalization efforts. From serving as conductors on circuit boards in smartphones and screens to its application in solar panels, silver is finding its place in the industry.
pull down to refresh
131 sats \ 2 replies \ @Undisciplined 1 Apr
It's interesting that this is already happening. Messing around with the bitcoin valuation simulator got me thinking about when different assets would likely lose their monetary premia.
Silver certainly seemed like the most likely to lose it soon, since it's use case is small value transactions and bitcoin is proving it can do that.
If we're this far ahead of schedule, then Bitcoin's present discounted value is much higher than I estimated.
reply
115 sats \ 1 reply \ @grayruby 1 Apr
I listened to Mark Moss on what bitcoin did over the weekend and his price target is 43M not 43B so I guess I might not be buying the Knoxville Smokies after all. Maybe I will have to crowdfund it on SN.
reply
50 sats \ 0 replies \ @Undisciplined 1 Apr
I think the $43B must have been his market cap estimate in that video. I haven't bothered to rewatch it, but I often got numbers in that ballpark on the simulator.
reply
71 sats \ 0 replies \ @grayruby 1 Apr
A lot of silver cope from the precious metals crowd on twitter these days.
reply
42 sats \ 2 replies \ @FallingD02 1 Apr
According to the ratio XAU/XAG, it is undervalued! It's not bad to stack a little, in the end it's much better than having paper in hand, or digits in a bank account
reply
21 sats \ 1 reply \ @flat24 1 Apr
and don't forget that if you don't touch it, or don't guard it, it's not yours!
reply
0 sats \ 0 replies \ @TomK OP 1 Apr
True
reply
21 sats \ 3 replies \ @riberet19 1 Apr
This is quite revealing, I like to invest in silver coins periodically, this definitely, maybe I should rethink whether to continue putting the same money there.
reply
10 sats \ 2 replies \ @TomK OP 1 Apr
I sold my last silver one year ago and bought on the way home btc at my ATM.
reply
21 sats \ 1 reply \ @riberet19 1 Apr
definitely a smart move seeing the behavior of both
reply
0 sats \ 0 replies \ @TomK OP 1 Apr
In the end it was only a collection of nice coins without any function
reply