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<p>[QUOTE=&quot;jolumoga, post: 26705658, member: 41780&quot;]According to <a href="https://goldiraguide.org/10-8-of-americans-own-gold-while-11-6-own-silver-according-to-a-new-survey/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://goldiraguide.org/10-8-of-americans-own-gold-while-11-6-own-silver-according-to-a-new-survey/" rel="nofollow">this</a> article from a few years back (based on a 2020 survey), about 16 percent of Americans own gold or silver, or both (and the vast majority probably in tiny amounts, mainly jewelry). This is what I meant when I said that people at the margins of society move the price. So, it would be correct to say gold and silver are unimportant or not at all relevant to the vast majority of Americans (well, other than maybe some industrial applications we are oblivious to). We can extend this to much of the world.</p><p><br /></p><p>There is also evidence <a href="https://www.scmp.com/business/commodities/article/3343729/ubs-china-venture-faces-wrath-silver-investors-after-valuation-change-increases-losses" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.scmp.com/business/commodities/article/3343729/ubs-china-venture-faces-wrath-silver-investors-after-valuation-change-increases-losses" rel="nofollow">Chinese investors</a> have played a role in the recent silver price spike. But hold on. Wasn&#039;t silver as an investment limited to the U.S., Europe, and South Asia, according to analysts like Jeffrey Christian (who I respect)? Well, it seems new investment vehicles are drawing in investors from all over the world, based on frictionless, instantaneous digital trading. Why bother stacking bars when you can flip stocks (or futures, in the case of China) with a few clicks? Yes, this is a relatively small number of people, but again it&#039;s always people at the margins of society who move the markets (always a minority). Silver and gold are now globalized (increasingly). The old models of the pre-digital world need to be upgraded.[/QUOTE]</p><p><br /></p>

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