Wish to bother You with a question... related to silver.
I strongly believe that the current economically available stock above earth is no more than 250-300.000 tons.
Flux to stock is about stable at 30.000 tons/year but: primary silver is going to be depleted in a very short time (3-5 years) and silver is consumed more or less at the same 30.000 tons/year, so keeping recoverable stock at the same level.
Gold stock is about 250.000 tons with intake of 3.000 tons/year and outtake of? 100?200? tons year
So... why silver is so low? Wouldn't be reasonable to be same or even more precious than gold itself?
Marco : Silver mining output isn't going to be increasing substantially any-time soon - more likely it will drop . As far as the - " Outtake " ( consumption ) is concerned , I think your figures are possibly very much on the conservative side as it's been proven that the amounts of Silver being hoovered up by China & now India is in reality far and away above what the ' Silver Institute ' purport them to be c. This massive industrial demand , especially for photovoltaics / silver panels when added to the increasing demand as a recognised store of value can't possibly go on for too much longer before the bullion bank's / manipulator's per J.P. Morgan / Virtue Financial & their ilk are flushed out and have to run for the hill's .
When this happens ( potentially within month's - early next year ) we should all be sat on
' Cloud 9 ' - each wearing a huge smile ( hopefully ) - finger's crossed / everything crossed
Silver was demonetized in the late 1800s both in Europe and then in the USA. Demonetized means its economic role was relegated to that of a commodity - similar to any other commodity. We have nearly 150 years of history to corroborate that viewpoint. Silver will have its time in the sun based on short-to-intermediate supply/demand imbalances but it is not going to keep pace with the fiat price of gold.
Thank You Sir... they were honest suggestions... here in Europe I would suggest former legal tender silver coins of more or less 70 years ago and the ubiquitous gold UK Sovereign and old Marengo's...
Gold is in the processed of being remonetized in some state of USA if I am not mistaken...i think even silver coin from sovereign mint. I think they will accept it as a payment of tax
Gold is and always has been money. It is only governments led by the US that insist it's not money.
The only bit I disagree with is the quantity of above-ground gold stocks, which are approximately 200,000 tonnes.
I wonder when the looming currency crisis hits. We're not getting any younger! LOL
Happy Easter days to Alasdair and everyone here.
Bill — There is no way out, until after the cerdit crisis.
Some sates are moving in that direction for certain
so the US is in its debt trap due to its longstanding profligate spending.....what's the way out? A gold standard like Zimbabwe is now doing?
Happy Easter Sir and fellows...
Wish to bother You with a question... related to silver.
I strongly believe that the current economically available stock above earth is no more than 250-300.000 tons.
Flux to stock is about stable at 30.000 tons/year but: primary silver is going to be depleted in a very short time (3-5 years) and silver is consumed more or less at the same 30.000 tons/year, so keeping recoverable stock at the same level.
Gold stock is about 250.000 tons with intake of 3.000 tons/year and outtake of? 100?200? tons year
So... why silver is so low? Wouldn't be reasonable to be same or even more precious than gold itself?
What am I missing?
Thanks,
Marco
Simon Gedye - 29th June
Marco : Silver mining output isn't going to be increasing substantially any-time soon - more likely it will drop . As far as the - " Outtake " ( consumption ) is concerned , I think your figures are possibly very much on the conservative side as it's been proven that the amounts of Silver being hoovered up by China & now India is in reality far and away above what the ' Silver Institute ' purport them to be c. This massive industrial demand , especially for photovoltaics / silver panels when added to the increasing demand as a recognised store of value can't possibly go on for too much longer before the bullion bank's / manipulator's per J.P. Morgan / Virtue Financial & their ilk are flushed out and have to run for the hill's .
When this happens ( potentially within month's - early next year ) we should all be sat on
' Cloud 9 ' - each wearing a huge smile ( hopefully ) - finger's crossed / everything crossed
Oh brother! You speak my same language... :) And both China and India historically loved silver more than gold itself... just to say...
Silver was demonetized in the late 1800s both in Europe and then in the USA. Demonetized means its economic role was relegated to that of a commodity - similar to any other commodity. We have nearly 150 years of history to corroborate that viewpoint. Silver will have its time in the sun based on short-to-intermediate supply/demand imbalances but it is not going to keep pace with the fiat price of gold.
Thanks Sir... I understand and know Your point of view but...
a) let me hope, i like underdogs... and
b) are You telling me that currently gold is monetized? or that "Heavens forbid :)" it will be remonetized??? ;)
Happy Easter... I wish to read on Fools day about gold and silver remonetization... :) .) :)
https://youtu.be/UGs9qQ-G6Us?si=G0n2oYy-UIwUJSVA
Thank You Sir... they were honest suggestions... here in Europe I would suggest former legal tender silver coins of more or less 70 years ago and the ubiquitous gold UK Sovereign and old Marengo's...
Standard pieces...
Gold is in the processed of being remonetized in some state of USA if I am not mistaken...i think even silver coin from sovereign mint. I think they will accept it as a payment of tax