Comment: It is costing miners almost

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It is costing miners almost

It is costing miners almost $30 to get silver out of the ground. I watched a video the other day that broke down the balance sheets for many of the top miners. Anything much under $30 and they are going deep into the red.

The cartels may try to crash PAPER silver, but you'll likely never again see physical silver trading for any long period under $30...that's my opinion.

Even in the 2008 crash when precious metals fell with the rest of the markets, you couldn't buy physical silver for the paper price. I think the paper price got as low as $10, but physical was selling in the $15+ neighborhood...down from $20. It recovered fairly quickly too.

If Gold is now being considered a "Tier 1" asset, it won't fall when markets crash and people in the past would sell gold to raise cash (money)...because as a Tier 1...gold is money.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul