Post
Topic
Board Speculation
Re: When do goldbugs give up?
by
The Pharmacist
on 19/08/2018, 08:58:06 UTC
gold has a history of thousands of years
That's goldbug propaganda as far as I'm concerned.  I read that same statement over and over on coinflation's articles, and it doesn't really mean anything.  It doesn't make a lick of difference when gold has been in a bear market for years now.

Except silver is one of the most important industrial metals used in electronics, solar panels, photography etc so nothing like a shitcoin with no real world application.
I won't argue your point about shitcoins, because you're absolutely correct, but as far as the statement about silver's industrial uses goes, that's just more propaganda.  All of that silver used in industry is recycled.  None of it is really lost.  The US Mint alone is producing millions of silver eagles a year in addition to all of their silver commemoratives and proof sets--and there's enough silver around for all of the other mints in the world to basically do the same thing. 

My point is that there no shortage whatsoever of silver, and it doesn't matter if it's being used in industry.  You didn't explicitly make that point that there's a shortage, but I hear that argument a lot in the coinflation articles I mentioned.  And it's bullshit.