Well, that could be interesting. Its hard to say what would happen with $1000 silver, all the stackers would be flooding the market perhaps?
very cool Poseidon coin!
Well, that could be interesting. Its hard to say what would happen with $1000 silver, all the stackers would be flooding the market perhaps?
very cool Poseidon coin!
It would be a free market so if hes predicting $1000 silver then the demand for it at that price must be there. My thoughts are that currently uneconomic sources of silver would become viable , but that industry would have to be built up over a number of years and the demand will outstrip supply as these 'new' technologies (he talks about energy devices)come into the mainstream. The stackers hoards will be the obvious short term solution to fill the demand.
I know i'll be quite happy to get shot of those ugly 1kg bars at the $1000 price mark but not for fiat. Which i presume is where the silver backed crypto comes into it. If im interpreting his info correctly i think its the manufactoring companies who need the silver who come up with the crypto as a payment system, the price has to be right to pursuade the stackers and miners too , to sell their silver to them and not the manipulating cabal banksters.Just my thoughts :-/
Thanks for the comment