The supply and demand numbers for silver don't add up

Watch the full 32-minute video at http://www.goldmoney.com/sprott-turk-munich. Eric Sprott, Chairman of Sprott Asset Management, and James Turk, Director of the GoldMoney Foundation, talk about silver. They talk about the disparities between the physical market and the paper silver markets. Eric talks about supply and demand and how the upward pressures on silver price from demand growing much faster than supply are not being accurately reflected. A 900 million ounce silver supply simply cannot cope with a 380 million ounce increase in demand and maintain current prices.

Eric also explains that investment sales of silver are 50 to 1 in volume compared to gold and that this means a decreasing gold/silver ratio.

This interview was recorded on November 4th 2011 in Munich.

Category:

Howto & Style

Tags:

• James Turk
• Eric Sprott
• buy gold
• ECB
• central banks
• European Treaty
• qualitative easing
• quantitative easing
• interview
• video

[Frankenpalin]

@gonobdotcom the 11 year bull market says you're wrong, plus every time the biggest private owners of gold on the planet (Rothschilds) try to dump gold on the market and kill the price, China and India snap it up

[Hashishin13]

@gonobdotcom Wow what a troll you are, just spamming nonsense on all his videos? The dollar has lost 95%+ of its value in the last 100 years, gold and silver have held up much better. Keep living your delusions that paper printed by the government will hold value better then a mineral with a fixed rarity and several USEFUL applications.

[gonobdotcom]

then there is this idiot, he fails to take into account the zio-dollar is king AND ITS ENEMY is silver/gold so thats what DOES add up.

and as long as thats the case his numbers will never add up.

go to believe he is marked for something by the cia/mossad/crmp or they

will just steal all of what he has.

[RockyMountainPrepper]

I know what paper is and how it works. I just really wonder if silver is getting more exposure and being purchased because it is available in the paper traded version than it otherwise would.

[ScientologySucksAss]

total supply of silver skyrocketed when it was at more than $40 a ounce because everyone was recycling all the silver they had.

[eyeswideopennimrod]

@RockyMountainPrepper Basically investors buy paper instead of physical as it is easier and lighter, so this gives the impression that there is plenty of silver, and as with anything, if there is plenty the price is low. When the reality of silver been a dwindling commodity that we need for our modern world, in things like electronics, batteries, solar panels, antibacterial and numerous other products becomes apparent then the paper will become worthless and physical will sky rocket.

[RockyMountainPrepper]

How does paper silver not drive the price of physical up? (introducing more demand)

[JohnnyBGood11]

@jimbobubbadj I know about JPM shorting silver 50x moreSLV, & the crimeX; BOB Chapman has been saying that JPM has covered those shorts..and JPM and the rest are bringing silver down to buy and now go long on silver..I'm not so sure if gold & silver goes way up its going to be a good thing; because I think the elites have the US gold; the Federal Reserve has it...Jeffrey Christian of CPM Group said earlier this year that silver will be 28 in Dec 2011...I think there could be one more pull back.

[jimbobubbadj]

@quadcatfly According to the USGS, silver will run out in 10 years. Production will decline, before that time. Here's an article on peak silver: w w w(dot)marketoracle(dot)co(dot)­uk/Article30905.html

[jimbobubbadj]

@JohnnyBGood11 Wall St brings silver down because physical silver is tied to the paper silver price, SLV, for now. They, through JPMorgan, sell unbacked paper into the market bringing the price down. JPMorgan naked shorts silver. Once they can't meet delivery of physical silver, a comex/lbma default, they can no longer manipulate. There is 100x more paper than the silver that actually exists. According to the USGS, silver will run out in 10 years. Production soon will decline, before that time.