โฆโง๐ฑ๐๐๐๐ฬโงโฆ
@Ava_Vortex017
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Web3
Joined March 2024
Let me ask you something simple. silver is supposed to be hard money, right? โฌฉ real. โฌฉ rare. โฌฉ physical. โฌฉ scarce. โฏโฏโฏ so why does buying silver today feel like: ๐ธ๐ข๐ช๐ตโฆ ๐ธ๐ฉ๐บ ๐ช๐ด ๐ต๐ฉ๐ช๐ด ๐ด๐ฐ ๐ฆ๐น๐ฑ๐ฆ๐ฏ๐ด๐ช๐ท๐ฆ? yeah. i feel that way too. you probably
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now you know your what, your why, your how and every other thing. but if this helped you actually understand tokenized silver: โฌฉ follow @Dominion_Silver โฌฉ follow @superteam โฌฉ bookmark this thread โฌฉ share it with a friend who thinks the spot price is the price you pay
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You probably know the big names like Paxos Gold (PAXG) and Tether Gold (XAUT). They are the heavyweights of the tokenized metal world. So why still choose $SILV? โฏโฏโฏ ๐ต๐ฒ๐ฟ๐ฒ ๐ถ๐ ๐๐ต๐ฒ ๐ฏ๐ฟ๐๐๐ฎ๐น ๐๐ฟ๐๐๐ต ๐ผ๐ป ๐ฒ๐ฑ๐ด๐ฒ: to get physical gold from PAXG or XAUT, you
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๐ฉ๐ฐ๐ธ ๐ฅ๐ฐ๐ฆ๐ด ๐ณ๐ฆ๐ฅ๐ฆ๐ฎ๐ฑ๐ต๐ช๐ฐ๐ฏ ๐ข๐ค๐ต๐ถ๐ข๐ญ๐ญ๐บ ๐ธ๐ฐ๐ณ๐ฌ ๐ช๐ง ๐ช ๐ธ๐ข๐ฏ๐ต ๐ฑ๐ฉ๐บ๐ด๐ช๐ค๐ข๐ญ ๐ด๐ช๐ญ๐ท๐ฆ๐ณ? ๐ฉ๐ฆ๐ณ๐ฆ ๐ช๐ด ๐ต๐ฉ๐ฆ ๐ด๐ต๐ฆ๐ฑ ๐ฃ๐บ ๐ด๐ต๐ฆ๐ฑ ๐ฑ๐ณ๐ฐ๐ค๐ฆ๐ด๐ด: โฏโฏโฏ โฌฉ first, you need to hold a minimum of 10 ๐๐ถ๐น๐, which equals 10 troy ounces โฏโฏโฏ that is the
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๐๐ต๐ฎ๐ ๐ฑ๐ผ๐ฒ๐ ๐ณ๐๐น๐น๐ ๐ฎ๐น๐น๐ผ๐ฐ๐ฎ๐๐ฒ๐ฑ ๐ฎ๐ฐ๐๐๐ฎ๐น๐น๐ ๐บ๐ฒ๐ฎ๐ป ๐ณ๐ผ๐ฟ ๐บ๐ฒ? great question, and this is genuinely one of the most important terms that people throw around without really explaining. โฏโฏโฏ ๐ฎ๐น๐น๐ผ๐ฐ๐ฎ๐๐ฒ๐ฑ means your silver is not pooled with other
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let us address the elephant in the room: ๐ช๐ด ๐ต๐ฉ๐ฆ ๐ด๐ช๐ญ๐ท๐ฆ๐ณ ๐ณ๐ฆ๐ข๐ญ๐ญ๐บ ๐ต๐ฉ๐ฆ๐ณ๐ฆ? this is the trust question that matters most. honestly, it should matter. โฏโฏโฏ this is where ๐ฝ๐ฟ๐ผ๐ผ๐ณ ๐ผ๐ณ ๐ฟ๐ฒ๐๐ฒ๐ฟ๐๐ฒ๐ becomes critical. dominion publishes monthly audit
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๐ฑ๐ผ๐ฒ๐ ๐๐ถ๐น๐ ๐ถ๐๐๐ฒ๐น๐ณ ๐ฒ๐ฎ๐ฟ๐ป ๐๐ถ๐ฒ๐น๐ฑ ๐ผ๐ฟ ๐ถ๐ป๐๐ฒ๐ฟ๐ฒ๐๐? a big fat no. and here is why: silv is backed by physical silver. โฏโฏโฏ silver sitting in a vault ๐ฑ๐ผ๐ฒ๐๐ป'๐ generate income just by existing. it is not a productive asset like a stock that pays
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๐ธ๐ฉ๐ข๐ต ๐ข๐ฃ๐ฐ๐ถ๐ต ๐ต๐ณ๐ข๐ฅ๐ช๐ฏ๐จ? ๐ค๐ข๐ฏ ๐ช ๐ด๐ฆ๐ญ๐ญ ๐ข๐ฏ๐บ๐ต๐ช๐ฎ๐ฆ ๐ช ๐ธ๐ข๐ฏ๐ต? yes, and this is actually one of the biggest advantages. โฏโฏโฏ $SILV trades 24/7 on ๐๐ผ๐น๐ฎ๐ป๐ฎ ๐ฑ๐ฒ๐
๐ (decentralized exchanges). ๐ฑ๐ฒ๐
just means a marketplace that runs entirely on chain
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๐ผ๐ธ๐ฎ๐ โฏโฏโฏ ๐ต๐ผ๐ ๐ฑ๐ผ ๐๐ผ๐ ๐ฎ๐ฐ๐๐๐ฎ๐น๐น๐ ๐ฏ๐๐ ๐๐ถ๐น๐? ๐๐ถ๐น๐ is built as a solana spl token, which just means it runs on the solana blockchain using their token standard. so you will need a solana-compatible wallet to hold it. โฏโฏโฏ if you are new to solana,
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you might still say: 20% ๐ด๐ต๐ช๐ญ๐ญ ๐ง๐ฆ๐ฆ๐ญ๐ด ๐ฉ๐ช๐จ๐ฉ. i get it. that number jumps out. but let us actually compare it honestly to the alternatives for physical silver, especially in the uk/eu. just in case you forgot. well... i would if i was you. so โฏโฏโฏ
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here is the transparent formula dominion uses: โฌฉ ๐๐ถ๐น๐ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ equals spot silver price plus a 19% spread plus a 1% mint fee, the total equaling 20% above spot. โฏโฏโฏ here is the really important part that people miss: that 20% already includes storage costs,
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let's talk about pricing, because this will also come up. ๐ธ๐ฉ๐บ ๐ฅ๐ฐ๐ฆ๐ด๐ฏ'๐ต ๐ด๐ช๐ญ๐ท ๐ซ๐ถ๐ด๐ต ๐ต๐ณ๐ข๐ค๐ฌ ๐ต๐ฉ๐ฆ ๐ด๐ฑ๐ฐ๐ต ๐ฑ๐ณ๐ช๐ค๐ฆ ๐ฆ๐น๐ข๐ค๐ต๐ญ๐บ? this is honestly the biggest misunderstanding in the entire silver market. โฏโฏโฏ $SILV tracks ๐ฑ๐ฒ๐น๐ถ๐๐ฒ๐ฟ๐ฒ๐ฑ,
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another key question: ๐ฉ๐ฐ๐ธ ๐ช๐ด ๐ด๐ช๐ญ๐ท ๐ข๐ค๐ต๐ถ๐ข๐ญ๐ญ๐บ ๐ค๐ณ๐ฆ๐ข๐ต๐ฆ๐ฅ? now, you do not want a token where someone prints more whenever they feel like it or whenever the price moves in their favor. โฏโฏโฏ ๐ต๐ฒ๐ฟ๐ฒ ๐ถ๐ ๐๐ต๐ฒ ๐บ๐ถ๐ป๐๐ถ๐ป๐ด ๐ฝ๐ฟ๐ผ๐ฐ๐ฒ๐๐: you pay in
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๐๐ต๐ ๐ฑ๐๐ฏ๐ฎ๐ถ? dubai is used because it has become one of the world's major hubs for precious metals trading and storage. โฏโฏโฏ ๐ต๐ฒ๐ฟ๐ฒ ๐ถ๐ ๐๐ต๐ ๐๐ต๐ฎ๐ ๐บ๐ฎ๐๐๐ฒ๐ฟ๐: โฌฉ ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐ฟ๐ฎ๐๐ฒ๐: silver is sourced at wholesale prices because dubai sits at
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๐๐ต๐ฎ๐ ๐ถ๐ $๐ฆ๐๐๐ฉ, ๐ถ๐ป ๐ฝ๐น๐ฎ๐ถ๐ป ๐น๐ฎ๐ป๐ด๐๐ฎ๐ด๐ฒ? $SILV is a token built on solana where 1 $SILV represents exactly 1 troy ounce of real, physical silver. not a claim on a pool. neither is it a derivative. actual silver that exists in specific bars with serial
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so then the obvious question becomes: ๐ค๐ข๐ฏ ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ง๐ช๐น ๐ต๐ฉ๐ช๐ด? yesโฆ if it is done right. โฏโฏโฏ ๐๐ผ๐ธ๐ฒ๐ป๐ถ๐๐ฒ๐ฑ ๐๐ถ๐น๐๐ฒ๐ฟ should mean: โฌฉ real silver exists somewhere specific. โฌฉ backing is truly 1:1 with no fractional funny business. โฌฉ stored securely
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so naturally, most people say: ๐ง๐ฐ๐ณ๐จ๐ฆ๐ต ๐ฑ๐ฉ๐บ๐ด๐ช๐ค๐ข๐ญ ๐ด๐ช๐ญ๐ท๐ฆ๐ณ. ๐ชโ๐ญ๐ญ ๐ซ๐ถ๐ด๐ต ๐ฃ๐ถ๐บ ๐ต๐ฉ๐ฆ ๐ฆ๐ข๐ด๐บ ๐ท๐ฆ๐ณ๐ด๐ช๐ฐ๐ฏ. and that is where you hear terms like ๐ฒ๐๐ณ๐ which are -exchange traded funds by the way. โฏโฏโฏ well what are etfs? basically a stock market
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๐ฐ๐ฌ๐ข๐บ, ๐ฃ๐ถ๐ต ๐ธ๐ฉ๐บ ๐ช๐ด ๐ช๐ต ๐ด๐ต๐ช๐ญ๐ญ ๐ธ๐ข๐บ ๐ฉ๐ช๐จ๐ฉ๐ฆ๐ณ ๐ต๐ฉ๐ข๐ฏ ๐ต๐ฉ๐ข๐ต? because dealers do not sell at spot? ok...relax โฏโฏโฏ think about it from their perspective they are running a business. โฌฉ they source metal from refineries which takes time and capital.
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it only gets brutal in the uk and eu. you might as well ask: ๐ธ๐ฉ๐บ ๐ฅ๐ฐ ๐ฑ๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ถ๐ฌ/๐ฆ๐ถ ๐ค๐ฐ๐บ๐ฝ๐น๐ข๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฎ๐ฐ๐ด๐ต? โฏโฏโฏ in many uk/eu countries, silver gets treated like a regular consumer product. the government basically says: ๐ถ๐ณ ๐๐ผ๐
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so what adds cost when you buy real silver? it is the real-world stuff people forget. โฏโฏโฏ ๐๐ต๐ฎ๐ ๐๐ผ๐ ๐ฑ๐ผ๐ป'๐ ๐๐ฒ๐ฒ: โฌฉ first, there is ๐ฟ๐ฒ๐ณ๐ถ๐ป๐ถ๐ป๐ด ๐ฎ๐ป๐ฑ ๐บ๐ถ๐ป๐๐ถ๐ป๐ด... turning raw silver into coins or bars you can actually hold. โฌฉ then comes ๐ฑ๐ฒ๐ฎ๐น๐ฒ๐ฟ
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think of spot price like the ๐๐ต๐ผ๐น๐ฒ๐๐ฎ๐น๐ฒ ๐ฏ๐ผ๐ฎ๐ฟ๐ฑ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ. it is mainly used for those large institutions trading massive 1,000 oz bars and paper contracts that move around digitally. these are the kind of transactions where silver never actually moves. it is just
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