silver can be controlled by government, aaccording to max kaiser, the silver should be 300 now buy government is undervalue it
How are BTC immune to the same type of manipulation? How do we know that this drastic price inflation isn't a result of government manipulation?
It's hard to take your comment seriously when you claim government control without explaining why or even how they control it.
Thanks
great question! the reason is because there is incentive for people to allow their silver to be helled by a third party since it is very difficult to change ownership of physical silver in a global market. With btc on the other hand there is no incentive for individuals to allow a third party to hold their bitcoins for them, since we can exchange them with anyone we like without relying on an intermediary.
what this means is that since all the silver is held in a central repository it is easy for that repository to lie about how much silver they have.