Do we need a SILVER bullet?
@KYHBKO:
Silver was one of the commodities that were constantly mentioned recently by various investors. During this season of banking concerns, people are looking for other asset classes to turn to. Real estate requires significant capital outlay and crypto’s volatility renders this inappropriate for value preservation. This will bring us to gold and silver as other viable options to cash, stocks and bonds. Estimated silver reserves left in the world According to the US Geological Survey, the estimated global silver reserves as of 2021 were approximately 570,000 metric tons. About 1.6 million metric tons could still be mined. A good portion of silver mined is held in bullion and other forms of investment, rather than being available for industrial use. consumption of silver (annual) since 2017 Sin