Are Crypto-Currencies Doomed to be Crushed by the Banks? | David Morgan
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David Morgan, renowned silver guru consulted globally by high net-worth investors, and frequent speaker at conferences all over the world, joins Reluctant Preppers to address these pointed questions:
– Is There Enough Silver in the World to Power the World with Solar?
– Is There Enough Silver in the World for Everyone to Invest In?
– Where Has All the Silver Gone? , and
– Are Crypto-Currencies Doomed to be Crushed by the Banks?
Where Has All the Silver Gone?
Total 50B oz silver ever mined in history.
Half has been lost & landfilled (25B oz)
Most of the remaining has been dispersed (silverware, jewelry, electronics)
Roughly 2.2B oz investable (bullion, coins, rounds, commercial bars)
Very small percentage of physical available at current prices
Is There Enough Silver in the World for Everyone to Invest In?
5% of World population in US
“Everyone should own a little” … How much is everyone? How much is a little?
2 oz per person in US only would absorb world’s entire annual production
Watch “Silver Market Myth” on YouTube:
Gold represents 1% of world’s “money” supply
Silver 0.02% of world’s “money” supply
See: USDebtClock.org 2/oz silver, 48/oz gold
Crypto-Currencies Role with Precious Metals vs. Fiat Currency?
BitCoin & blockchain: proposed to be de-centralized, anonymous, private,
Will governments and banks crush cryptocurrencies, once cryptos become a credible threat to their power monopoly?
Can any alternatives such as asset-backed cryptos (tea, timber, precious metals, etc..) survive being crushed?
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