If silver were to be allowed to run freely the price would be in the thousands. My guess would be 2-3000 per ounce. And gold would probably be somewhere in the 30-50K range.
Imagine what the price of a cell phone would be if the price of silver were 2000 dollars per ounce. Or a TV. Or a laptop, or computer. Or solar panels.
Where would the silver dealers come up with the cash to pay out?
Imagine if the market broke and the metals reached their true value. Imagine silver at 2000 per ounce and gold at 30,000 per ounce.
How could you go to a local coin dealer and sell an ounce of gold? Do they carry 30K in cash? What is somebody went in with a stash of silver around 1000 ounces?
1000X$2000=$2,000,000 dollars. That is only 1 seller of only 1000 ounces. LOL
What if a seller brought in 100 ounces of gold and tried to sell it at 30,000 per ounce?
100X$30,000=$3,000,000
So one guy walks into a coin dealership with 1000 ounces of silver and 100 ounces of gold. Wants to cash out. Does the dealer have 5 million in cash?
Where do you sell your gold and silver?
Where does the cash come from to handle that insanity?
What if silver merely went to 100 dollars per ounce.
100X1000=$100,000.
Where does that cash come from?
Think........
Keeping the price of metals low controls inflation
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