Really? What was silver's all-time high, and what's today's price? The ATH was a huge spike, when Silver was being manipulated by the Hunt brothers. You cannot compare that with the price in a legitimate market. However, even if you do, today's price is nowhere near 60% below ATH. Try 37%.
What's the main use of Silver? ( besides jewelry), 'Solar Panels" the world is awash in cheap solar panels, crypto currency. The former has real value.
it's used in electrical systems and electronics. Jewelry & silverware accounts for just 6% of silver's use. More-recently, it's used in solid-state battery technology, which is set to more-than double the annual global demand.
There are a number of military uses of silver that are not discussed often. There has been a production-usage deficit for several years. Part of the reason may be silver's use in Bombs Nukes and nuclear-positioned Submarines Shells Satellites Tanks Missiles Bullets Torpedoes Conventional Submarines (not of the nuclear variety) Rockets and dozens of other military applications In 2021, the U.S. imported 6,500 metric tons of silver. This is not discussed openly, but as one example silver was used in the Manhattan Project to produce uranium for atomic bombs. The Treasury loaned about 28 million pounds of silver to the project and received it back in the end.
I guess it's an old man's privilege to repeat yourself over and over
Really? What was silver's all-time high, and what's today's price? The ATH was a huge spike, when Silver was being manipulated by the Hunt brothers. You cannot compare that with the price in a legitimate market. However, even if you do, today's price is nowhere near 60% below ATH. Try 37%.
@@mfoco1 silver hit like 50$ an ounce in the early 80’s 60% would be 35$
@Larry-h4m "silver is down 60%" means 40% of the high, which would put it around $20.
What's the main use of Silver? ( besides jewelry), 'Solar Panels" the world is awash in cheap solar panels, crypto currency. The former has real value.
it's used in electrical systems and electronics. Jewelry & silverware accounts for just 6% of silver's use. More-recently, it's used in solid-state battery technology, which is set to more-than double the annual global demand.
@@robertinget1613 missiles.. there's always cash from CHAOS
There are a number of military uses of silver that are not discussed often. There has been a production-usage deficit for several years. Part of the reason may be silver's use in Bombs
Nukes and nuclear-positioned Submarines
Shells
Satellites
Tanks
Missiles
Bullets
Torpedoes
Conventional Submarines (not of the nuclear variety)
Rockets
and dozens of other military applications
In 2021, the U.S. imported 6,500 metric tons of silver. This is not discussed openly, but as one example silver was used in the Manhattan Project to produce uranium for atomic bombs. The Treasury loaned about 28 million pounds of silver to the project and received it back in the end.