Silver Supply, Silver Demand, and the Coming Dollar Crisis
I think whether we find a stockpile or vein is irrelevant as the demand would eat it up. And the lower grade of silver ore is already costing much more to mine.
Solar panels are all the rage of the world and it takes approx 2/3 oz of silver per panel.
It has been said silver in solar will probably be guaranteed for 5 years. While they know how to replace silver in panels, it isn't cost effective yet.
On top of China's silver production, they used to export 100 Million oz's, now they mine AND import 100 M oz's.
Total (reportedly) they now use up to
300 M oz's..plus or minus.
We are growing & manufacturing electronics at lightning speed to FAST growing need everywhere, especially in the BRICS nations!
My brother has lived in China for 20 yrs, & he said with China raising everyone's income~~~ they are racing to buy all the new electronics which uses up a lot of silver!!
Also Chinese & others want to invest BUT can't afford the higher price of gold etc.
Silver also is almost NOT reclaimable like gold is. Mostly once silver is used to make things...it is lost !!
I have many reasons to believe silver is going UP, but for me one of the MOST compelling reasons "I" want/buy silver (& gold) is I KNOW our $dollar is going to poop.
I believe the USA will lose the "world reserve currency" & all HECK will break lose. I sold off a lot of my silver a few years ago, as one disadvantage it takes up too much damm room.
(and forget about trusting a bank's 'safety' deposit box).
In last year I've been buying silver again:
1. Because of low price.
2. IF the dollar 'hit's the fan', you cannot use 1 oz of gold to buy fuel and get $1950 back in change..EH ???
Thanks all & Good Luck !