Silver Fundamentals Explained 4 - Office Series 10

[Bezdelnik420]

China is actually buying up US waste and scrap metal to get the valuable metals out of it (gold, silver, etc.) I guess it's affordable for them since labor is pretty much free.

[Frostfell]

This is a great series but it is extremely misleading to say that electronic devices mostly go to landfills. RoHS and WEEE (Waste Electrical and Electronic Equipment) in Europe are massive regulations to see tha that specifically doesn't happen as anyone who is in the supply chain can attest to. Even here in North America, the garbage man won't pick up an old VCR, at least in my town. You have to take it to the landfill and drop it off at the electronics collection there.

[BrotherJohnF]

@Frostfell Please describe the recycling process from that point on

[itsonelouder1]

@BrotherJohnF Hi and thanks for your videos. Is it true that the silver in electronic devices isn't recycled when taken to recycling plants?

[br8kaway74]

whats with the stupid wind noise??

[KRISisLOST]

Hey, got a question. Basically everyone I know and everyone you know have silver spoons etc. in pretty big quantities. (stuff from grandparents). These are like 90% silver or smth I guess, but still make up a huge load since everyone seem to have them.. If the price will rise ,much, everyone(public) will start to sell their spoons the price is gonna drop like a rock? Any thoughts what may it cause?

[br8kaway74]

@KRISisLOST that makes sense but how long would that last? After so many years everyone would have sold their silverware and we'd be right back where we are today.

[GuildF40]

Nice vid thanks

[drewzillasaurusrex]

People unwittingly buy Silver and discard it everyday. This is all playing right into my money grubbing hands. Silver to the moon Brother JohnF.

[BrotherJohnF]

@drewzillasaurusrex When you really get it through you mind that we are destroying 500m ounces of silver a year, the implications for price are mind boggling

[LivingTrancefully]

Your logic is simply indisputable.I put 30% of my savings into silver yesterday at 26.90 an oz before the 75 cent spike and i am planning to put another 60% into silver. Whatever I can afford.

I think it will be at least 2012 before silver hits 200+ dollars an oz, though. It's definitely something to sit on for a long time.

The thing I am concerned about is knowing when to get out (many years down the line), but I don't think that will be much of a problem considering how early I got in.

[drewzillasaurusrex]

@LivingTrancefully I save my money in Silver. I am not as concerned about a target price for when to sell as I am about acquiring a dollar amount for my next business venture. 

[kingwc]

@LivingTrancefully Incredible - What then will you do when XAG collapses to pre-hype levels of ~$14.00? Early!!! 26 is not early. I recall seeing $14.00 on my terminal screen about a year ago, thats early, not $26. Nonetheless, good luck.

[LivingTrancefully]

@kingwc 26 is early in comparison to how late the rest of the world will get into silver.

[LivingTrancefully]

Like how will we know when to get out? What if it goes to 200 dollars an ounce and then drops to 150. Many people would get out then...but what if it then goes up to 500 with in a matter of months? That sort of thing.

Or do you suspect once the silver manipulation ends it won't have many dips at all?

When to get out? When the global standard for currency is no longer the USD? I mean shit, Burnanke won't stop printing ever. So inflation will always continue. Save until the dollar collapses?

[LivingTrancefully]

But many believe the dollar will never collapse it will just be looked at like the Peso.

But, there's no way the nations of the world will let a global currency only allowed to be printed by one nation. That is the biggest the rest of the world has made.

Allowing us to do that.

[LivingTrancefully]

Eventually the USD will not be the global currency anymore, but it will still remain. Maybe when we "cash out" of silver, it will be in a foreign currency. That actually seems quite likely.

Unless some international law is passed stopping the printing of US dollars by the US, cashing in silver for dollars seems like it will almost never be a good solution.

[charlesfuchs]

$50 at the end of 2011.... do it now!

[BrotherJohnF]

@charlesfuchs Make it so Picard!

[smasila]

"Back up the truck"...LOL

[vic4rp]

Well, I guess i missed out, I was waiting on a drop lower than $28.00. Does anyone think it might drop back a little today?

[denverdog44]

@vic4rp If you believe silver is going to $50 / $100 or more in the near future $30 is cheap. Buy when you can .

[vic4rp]

@denverdog44 Thanks for the reply back,yeah,I just never seem to catch it when it dips.

[endlessmountain]

less mining operations are done because of the low silver fixings.

Put silver in triple digits, then some companies may want to start mining again.

[BrotherJohnF]

@endlessmountain Yes. And every pure silver mine is losing money mining silver

[terilooney]

I was trying to explain to a friend that silver was valuable because of its use in electronics. He laughed at me because he said it was used in such small amounts. I shall send him a link to my two new best friends. Thanks! Cogent as always.

[crazeyspivey]

Good point about the "unmining". It is mind-boggling that the yearly amount tossed into garbage pits adds up to about 500 million ounces of silver. Would be good to have your puppets draw the numbers on a chalk-board....showing yearly mining totals, yearly industrial, coin minting, etc......and same with gold......and show how scarce silver is getting.

[acuriousbeast]

back up the truck lol, and that was the only laugh I got. What 'un-mining' is i knew, the term was all i needed to tie it all together. it ties to another one of my interests; rare earth recycling and landfills as the 'natural resource' of the upcoming future.

I wonder how much is 'lost' through dental fillings.

A gold/silver 'refinery' set up a satellite 'refinery' here for 5 days. They had a special section for dentists offering to buy amalgam, other stuff. I kept the ad it made me so sick.

[JackOffVille]

Un-Mine It-Baby!

[BrotherJohnF]

@JackOffVille That is really what it is. Taking concentrated ore, refining it, using it in trace amounts, and then burying those trace amounts in scattered places all over the world - UNMINING

[buzzz121]

John is 500M used in industry accurate?

[BrotherJohnF]

@buzzz121 Yes, very close

[lilbromarky1]

@BrotherJohnF John, if you wanted to make this channel even better than it is now, you could find someone who is anti silver and have that person write for the female character. You're beating the strawman and while I enjoy your analysis I think we also need the girl to not only ask questions but to flat out debate against the guy's position. People in real life they tell me there's not enough silver around for it to be money, its going to crash, i'm greedy, dollar 4ever etc. She's too easy :)

[lilbromarky1]

@buzzz121 Buzz, the numbers I found for supply side produced annually are 550 to 650 million oz per year, hope this helps you.

The question you raised brings me to a point which is also found in some stats I've had. People who support the silver is a bubble position are underestimating the number of people out there snagging up silver for currency hedge purposes. This is why the price is rising but there's a disconnect between the industrial supply n demand and the price rise. Bugs r out