Except China has been strip mining and mining every bit of land they can to get silver. This holds the price down. In 2008 when the banks/ stocks collasped- banks sold off there gold and silver to raise cash (liquidity). Gold was t $250/ oz in 1990. So might not get that high. With people losing there jobs there are being forced to sell off everything. This pushes prices down. See silver and gold both dropped in mid 2008 in banks had to sell to raise cash.
thanks for the tip, $15 000 an oz sounds great to me
windofthegods 1 year ago
Except China has been strip mining and mining every bit of land they can to get silver. This holds the price down. In 2008 when the banks/ stocks collasped- banks sold off there gold and silver to raise cash (liquidity). Gold was t $250/ oz in 1990. So might not get that high. With people losing there jobs there are being forced to sell off everything. This pushes prices down. See silver and gold both dropped in mid 2008 in banks had to sell to raise cash.
mosinman100 1 year ago
load up @ mysilverbars
coinboom 1 year ago