Hey @npub1d3f4...r4xv, how do you factor daily trade volume for precious metals. Is that based on future contracts AND ETFs or just future contracts? If 700 million ounces of #silver is mined/yearly. And #platinum is only 6 million ounces/yearly. How can I factor how many ounces of platinum is traded daily?
I am beginning to believe the precious metals to paper ratio is beginning to collapse and the BTC to paper ratio is increasing. If that is what is happening. The metals have a long way to climb. #gold #silver #platinum
Silver just punched through $80. Sitting at $84. $1000oz bar will soon buy you 1 BTC.
Denominated in silver ounces, BTC hodlers are back at 2017 prices. Ouch!