Based on the 1597 Lion Dollar ( Leeuwendaalder), the Dutch 2018 proof 1 ounce 999.9 silver restrike featuring the province of Zeeland. I think its a worthy follower to the acclaimed 2017 Lion Dollar. At 5,000 mintage its not super rare - but should hold its place. The obverse has the knight with the shield depicting a swimming lion.
One of my favorite designs of the year so far, so I picked up 3x
... notice that we are all in for a treat of unboxing videos this weekend from @BackyardBullion and @Numistacker for some amazing silver and gold.
This will be probably the biggest unboxing event on this forum ever
99% of people have no silver. i gave my daughters some silver at Christmas (BYB hand poured hallmarked) and one of them said their boyfriends family asked why she had been sent a lump of silver. No idea at all of the value - to them it was a thing of ridicule - a joke. i suspect quite a lot of people are like this, they are sheeple who have fallen for the psyop. So i do not think the average Joe would have any silver on show. Having any silver on show might make a burglar think there was more. Better have a bit of money and some diazepam and dihydrocodeine tablets - they will snatch it and run.
Silver is traded on the currency markets - if it weren't a currency it would not be traded there. The banks see it as money irrespective of what they might say. The Bank of International Settlements trades gold and silver - they have a dedicated section with $trillions on the line. Silver is linked to the gold price b/c both are currencies. Aluminium is not tightly linked to the gold price, it is a commodity. No-one is doing ratio trades between gold and aluminium. The big gyrations in gold and silver with economic data and interest rate announcements is b/c both gold and silver are currencies - if silver were just a commodity there would not be the movement in price. The silver market is quite tiny, it would probably be a higher price if it weren't a currency and being suppressed.
Obviously silver is not everyday money anymore but it still has all the attributes of money. The banks have put out the idea silver is just a commodity. Silver will back cryptos coming out this year. Certainly with Kinesis you will be able to spend it on a Visa card at the shops. It will be freely convertible into major currencies. Kinesis aims to hold cash reserves as well as metal. It will be another currency except it will be backed by something tangible and valuable. David Morgan is involved in the Lode coin, a silver backed crypto - there was a recent video on the jsnip4 youtube channel where it was discussed - i only had half an eye on it but it looked like it would have currency properties.
So there will not be circulating silver coins anymore outside a Mad Max world but there will be circulating crypto coins which are title of ownership over silver. You will be able to spend them like you do with GBP.
The GSR was set at around 15-16 because that was how it came out of the ground at the time - in that ratio. It was a ratio of abundance. Now silver has been wasted and the best mines tapped out a truer ratio would be 9. This is the supply side of the equation. Then i factor in demand in a world that must have silver - i flex the GSR down some more and say it should be 5. It will go where it goes but when the price fixing comes to an end we are left with supply and demand so i figure we go to below 10.