I won't waste anyone's time on this at all. I've never heard of this Youtuber ever! Listen to his prediction from 2:30 and watch the guy on the right who is talking to him. Quite amusing!!
Problem is, if I keep clicking on these videos, YouTube and Google will decide I need to see more of the same. I don't like watching videos to start with, and I sure don't like doing the incognito dance to do it. Anybody care to post the punchline?
The price of silver may have dropped a few digits but the premiums have not.. I was looking for some silver bars and for the 1 oz bars was 29.00 and a 10oz bar 300.00. There were other sites and Individuals wanting a little less.. well lets jus say they were in the neighborhood of 29.00.. have not purchased much since the rise and fall of Silver... 26.00 to 30. for the common Morgans waiting impatiently..
I've switched from stacking to working on my type set until premiums come back down. But as long as people are buying I don't expect them to drop.
Listen to All Arcadia Economic video's. As with every video, news, etc. there are ALWAYS outliers whom see things very very different. I think it impossible to see $200.00 within 5 years due to the use of Silver and growing use in Solar, Electronics... We will one day be short of EASY silver just like EASY Oil.
Maybe, but. Yeah, we're using up oil -- but we're also moving to alternative energy sources, which is reducing demand. Petroleum is an amazing raw material for chemical feedstocks, and it strikes me as borderline criminal to just burn it for heat (fuel) instead of conserving it for more specialized uses. Silver is similar. When the photographic film industry collapsed, it drastically cut demand for silver. Yes, there are still things silver's especially good for, but the more expensive it gets, the harder people look for alternatives. And there are lots of alternatives.