World Silver Supply Approaching Zero!
Uploader Comments (stellaconcepts)
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In Mike Maloney's book "Guide to Investing in Gold and Silver" he cites the USGS that says that there are 25 years supply of silver in the ground and 30 years supply of gold. So, if gold is saved and silver is saved AND consumed, does that mean silver will PERMANENTLY be more expensive than gold? Go ahead and reply directly.
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All Comments (70)
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You've come a long way from this crap baby.
Congrats!
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@tonyciv4 sorry didn't realize how old this vid was.
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@tonyciv4 the demand hasn't fallen. There was a dip in price in 2008 due to recession fears however silver demand is up according to most sources. Going extinct probably not, some minerals do, but silver is probably not one of them. Some of the projections done by the USGS survey might indicate that but were done before some significant strikes were found. While some sizable ones have been found it should also be noted grams per ton is going down and most silver mines have a 10 year mine life.
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@stellaconcepts Its always in demand. Maybe "tonyciv4" ment its not in as much demand today as it was in the past. due to upgrades in cameras, etc.
But i do agree with you since more silver was mine in 2010 than 2009. plus china holding silver.. its obviously becoming more valuable. So china being one of the worlds biggest produces in products, much has something awesome in design making to want 2 use mad silver...
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would you be interested in minting your own 1oz silver rounds ?
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$42 and climbing !!
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@stellaconcepts against this,the massive use of silver in photography & radiology is nearly over.
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Crash JP Morgan, Theiving Bank Cartel. Buy Silver. Google find out how this will collapse them, and give you large returns. I am from Canada - not a Spam-BOt. It makes me feel very good to do this. I will post this on random video's with much viewing potential. DO not comment please, Just research JP Morgan corruption. Observe the silver trends, of late. V! Heres to fighting the SYSTEM! I am simply informing those who wish to listen. PLEASE COPY AND PASTE VIRAL MESSAGE AT RANDOM, (FOR CHANGE)
How is silver almost extinct? Production is up each year, at a time when silver was not so economical to produce (5-20ish dollars).And the demand for silver is falling, yes falling, a major use for it was photography about 25% only 10 years ago, down to about 8% today.It's use in industry has remained roughly flat (and fell a little during the recession).For the price to move up significantly many more governments and citizens have to start hording silver - Hence these youtube videos are made!
tonyciv4 1 year ago
@tonyciv4 how is demand falling when the price doubled in 12 months. sounds like demand to me :)
stellaconcepts 1 year ago 6
If there were 12 billion ozs. of Ag in 1900 and there is only 1 billion now where did the rest go? It can't just disappear. Don't get me wrong I am bullish on silver but I think this is a legitimate question.
drewzillasaurusrex 1 year ago
@drewzillasaurusrex its in mobiles, computers, appliances, batteries, medial, photography... ETC - its used in about 10,000 unqiue applications.
stellaconcepts 1 year ago 5
There seems to be plenty today. So what's the deal?
Bobster986 2 years ago
"plenty" is relative.
nothings changed.
more investable gold around than silver : FACT.
stellaconcepts 2 years ago 2