UnknownUnicorn59736

Gold:Bitcoin Ratio Now Higher Than Physical Gold:Silver Ratio!

Long
You know that old crypto saying: "Litecoin is Silver to Bitcoin's Gold". Well now 'Gold is Silver to Bitcoin's Sound Money Supremacy'. Well in price ratio terms it is. I know I'm not comparing apples with apples, & for the purpose of not embarrassing Gold's post crypto performance any further, it's probably best I don't. But in terms of available supply, there are currently 777,275 metric tonnes of Silver, compared to 166,500 metric tonnes of Gold; Which gives a physical supply ratio of roughly 4.66 tonnes of Silver to each tonne of Gold. This obviously doesn't translate to the current Gold to Silver price ratio, that currently sits around today 75:1. This is why many think Silver, which has many irreducible industrial & technological applications is often sighted as a sleeping giant in terms of investment vehicles. But like gold, silver suffers heavily under the influence of secondary & futures markets, that trade paper contracts leveraged many multiples over & above the underlying physical metal good for delivery. Opting instead to settle 'delivery' in fiat currencies rather than physical metal. And herein lies the beauty of Bitcoin, with it's own baked into the protocol permissionless instant settlement & good delivery mechanism it will always be an impossible beast to bridle, as secondary & futures markets prove to be superfluous to it.

Sources:
demonocracy.info/inf...world/gold/gold.html
demonocracy.info/inf...d/silver/silver.html
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