Quote from: Samarkand on May 17, 2018, 04:47:37 PM

What he doesn´t understand is that metals (especially silver) are subject to a supply response.
If the silver price would increase substantially, miners around the world would simply ramp up their
operations, which would cause the price to revert to previous levels.

Your metals analysis is way off. The current metals industry is simply arbing excess energy supply (mostly in the form of things like diesel) and converting it into bars of silver and gold. The diesel is being paid for with fiat dollars. Instead of conjuring fiat paper from thin air to mine silver and gold, what happens when you're required to pay silver and gold in order to mine silver and gold? You completely overlooked this paradigm shift.

If it requires me spending a kilo of silver in order to mine 1/2 a kilo of silver, I'm probably not going to do it. There is no massive supply response as you claimed by silver and gold going to the moon because you're now required to pay for energy in silver and gold as well. The only real side effect is a spontaneous, massive price increase in the price of the two metals in order to fit all that economic activity. The ESF will attempt to rig metals right up to the very last second and then suddenly silver will go from it's completely rigged price to the equivalent of hundreds of dollars an ounce with gold doing the same thing, just not anywhere near the gains of silver.

You don't hold metals in the year 2018 because you're hoping to make some paltry couple percentage points a year, you hold them because the Brzezinski doctrine has completely collapsed, the world is going multi-polar, the dollar is a dead man walking, and silver and gold will re-assert themselves as the base of Exter's Pyramid and unit of account of everything.

Cryptocurrencies are all designed to centralize, non-fungible, have built-in rent seeking middlemen, and don't remove counterparty risk. They have absolutely no traits required of money whatsoever. The only purpose of cryptocurrencies is to detour as many people as possible and put them on the wrong side of the trade when the inevitable paradigm shift of energy being denominated in metals instead of dollars occurs. It doesn't matter how many autistic Linux users or fly by night conmen like Tai Lopez pretend bitcoin can win that battle, the fundamentals do not exist and the world powers tag-team of Russia, China, Iran, Turkey, and others have already indicated the plan is gold and silver.