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66
Himanshu
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Student
Replying to Avatar Sourcenode

Today a gold bug told me silver was undervalued because it comes out of the ground at a ratio of 15/1 with gold.

Based on his logic silver should be close to $300 per oz.

This is like saying that some shitcoin should be priced at it's issuance ratio with Bitcoin regardless of the premine.

I told him to look at the market cap, which was at a ratio of about 4/1.

Which means silver is terribly overvalued and in order to maintain the current ratio, gold would need to 3X with silver staying the same price.

Obviously the same logic applies to bitcoin vs gold, but this guy could not follow what I was saying on the first step.

Nothing makes me more bullish than talking with someone like this.

66
Himanshu 2mo ago

No silver got erode over time his logic is right buts it's not a noble element like gold don't react with air but silver do and form silver oxide which don't make silver and premium metal

Replying to Avatar Sai

66
Himanshu 2mo ago

I think people who did not notice this are High

Replying to Avatar proofofprice.com

Wrong, woman.

66
Himanshu 2mo ago

😂😂😂😂

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