The real reason Elon Musk may be interested in helping to sustain the Bitcoin bubble is that the last thing he wants is for bubbles to start popping. When you live in a bubble it's very dangerous to throw pins at others. The risk is that an errant pin inadvertently pops yours!
Feb 1, 2021
Jan 29, 2021
Silver: Supply-Demand Dynamics
The supply-demand dynamics are also positive for silver.
Silver investment demand hit a 5-year high in 2020. It won’t likely slow in 2021. And while industrial demand took a big hit due to the coronavirus pandemic, it is expected to rebound as the global economy begins to recover.
Silver demand will also likely get a boost from the push toward solar power and other green energy initiatives in the coming years. Solar power generation is expected to nearly double by 2025 according to a report released last summer by the Silver Institute. Even if the global economy recovers more slowly than expected in the wake of the pandemic, green energy demand for silver will likely remain robust. Analysts expect many government stimulus plans will include funding for green initiatives.
On the supply side, mine output fell sharply in 2020. Production was projected to fall by 6.3% to about 780.1 million ounces. The big drop in silver output is largely a function of mine shutdowns due to coronavirus, but mine output was already trending down before the pandemic. Global mine production fell by 1.3% in 2019.
Silver investment demand hit a 5-year high in 2020. It won’t likely slow in 2021. And while industrial demand took a big hit due to the coronavirus pandemic, it is expected to rebound as the global economy begins to recover.
Silver demand will also likely get a boost from the push toward solar power and other green energy initiatives in the coming years. Solar power generation is expected to nearly double by 2025 according to a report released last summer by the Silver Institute. Even if the global economy recovers more slowly than expected in the wake of the pandemic, green energy demand for silver will likely remain robust. Analysts expect many government stimulus plans will include funding for green initiatives.
On the supply side, mine output fell sharply in 2020. Production was projected to fall by 6.3% to about 780.1 million ounces. The big drop in silver output is largely a function of mine shutdowns due to coronavirus, but mine output was already trending down before the pandemic. Global mine production fell by 1.3% in 2019.
(in Schiff Gold website)
The Inflation Threat Will Grow Much Larger
It's clear by the way the Federal Reserve tweaked the language in its official statement that it's more concerned about growth and less worried about inflation.
This assures the inflation threat will grow much larger as the Federal Reserve ignores its rise and prints more money to fund deficit spending.
Bitcoin Incorporates Elements Of A Ponzi Scheme
Bitcoin is neither a Ponzi Scheme, a Pyramid Scheme, nor a Chain Letter, though it incorporates elements of all three.
It's really a more sophisticated version modernized for the digital age.
My guess is that in the future similar schemes will be referred to as a Bitcoin Scheme.
Jan 28, 2021
The Reddit Raiders Have Turned Their Attention To Silver Stocks
It looks like the Reddit raiders have turned their attention to Silver stocks. They're getting smarter.
Silver stocks are actually cheap, and represent good investment value. The fact that some investors were foolish enough to short these stocks makes their trade even better.
Jan 27, 2021
GameStop: The Only People Who Will Walk Away With Any Real Winnings
Attention Bitcoin HODLers: The only people who will walk away with any real winnings from the GameStop (GME) short-squeeze will be those smart enough to sell.
Those who HODL will likely loose it all.
Bitcoin HODLers will meet the same fate if they fail to realize their paper profits.
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