/biz/ - Business & Finance

>>56434520
What i find surprising and is NEVER discussed in the silber community is this :
How come depending on a nation's wealth, commodities' prices will adapt to local wages, but for silver?

Silver seems to be the only commodity on the planet which is MORE expensive in 3rd world shitholes than in developped nations.
If you buy some bread, rice, eggs, wood, iron,.. whatever in India or in Cambodia, it will always be cheaper than in the US or Europe. And that's normal, otherwise the locals could never afford it. Over the decades this gap tend to diminish, as our developped nations' currencies are being devalued to oblivion, and as globalisation of trades tend to harmonize prices. But it's still quite a huge gap. Your average restaurant bill in Somalia or Bengladesh will usually be around 80c-$1. But it will be $25-30 in the US.

Now with silver, the opposite is true : the more of a shithole you are, the more expensive it gets, even though you already earn x100 less in USD equivalent! Meaning in worked hours ( the only real wage measurement), whereas in the US you get paid around 1oz/hour, in let say Cambodia, your premium is around +60%, but you also only earn $1.40/h. So you need to work for 26 hours for your 1oz ($37) of silver. This is the reality we live in : in the vast majority of the world, silver isn't 23 bux. Silver is $600.

We could think "well if they aren't producers, then they have to import at globally settled rates". Good point, but when you look at it, even in the biggest producing nations, their silver is still MORE expensive than over here. Mexico is the perfect example, their silver is sold even locally at a huge premium, even though they are by far the biggest producers.
But it is also true for Peru, Chile, Bolivia, China... all the largest miners.

>>53796984
retarded but also based in a way..

How much physical is considered enough physical?

>>24814384
It's no surprise, they can smell the IRS and FBI coming for their ass. They've been warned long enough you can't larp as the digital FED free from consequences for ever. Lately there have been a lot of talks about auditing tether and forbidding all stablecoins on an international level.
Tether higher ups will soon have their arse in jail, so now they pumped their scam back to the top, its the perfect moment for them to reduce their illegal leveraging while partially cashing out (at least their personal wallets) and hiding a chunk of real USD in the bahamas. Once they come out of jail in few years, they will enjoy the fruits of their hard (((labor))).

>>24813350
>but do they actually own over half of all silver?
In investible form? Maybe not 50%, but by far the biggest stack ever in mankind history, at least, they used to back in march. Then when the comex deliveries started because of the fear on markets and everything-crash of march, they had to liquidate their physical position to meet delivery contracts. In 3 delivery months they depleted over 75% of their known stack, from 380M oz down to >100.
A stack acquired in 10 years, sold on the cheap, just to keep the comex alive and not start a silver mania due to a physical shortage. I'd say they must be pretty butthurt, but in reality i believe it's their lil buddies, or even themselves via shell companies, who cashed out physical on a cheap, allowing a part of their stock to go out of the book.

Of course it was in part legit demand to mint investible bullion to meet the demand the LCS faced, but not in such quantities early on, back when it was at the lowest point. I believe it was (((them))) preparing their elite bunker stack.

>>24345344
>What gold:silver ratio?
0 : 1000 oz for me
yolo strat

>>24156859
>extreme delusion : the post