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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (178127)	9/11/2021 11:33:36 AM
From: ggersh	Respond to of 217781

zerohedge.com "Physical Demand Will Completely Overwhelm Supply" And How Silver Could Wind Up Over $270 Q: Hi Andy, thanks for joining me. Is a silver squeeze really even possible given the massive size of the silver market? In layman's terms, how could it happen? A: More silver is being consumed than is being mined each year. Last year, approximately 850 million ounces were mined globally, with a demand of over one billion ounces. The industrial demand for silver is surging in an increasingly digital world, with new applications every day in green energy and battery powered vehicles. At the same time annual global mine supply is declining and industrial demand is increasing, a global renaissance in monetary demand is upon us. This is happening while a handful of large Wall Street bullion banks have manipulated the price of monetary metals for decades, allowing some of the biggest money in the world to accumulate massive amounts of physical gold and silver at subsidized prices. The physical demand filters down from the top. Over 300 million ounces of silver were removed from the Comex market in 2020 by some of the most sophisticated and well healed investors in the world. Settlements on the Comex are usually mostly in dollars. The Comex was not set up to be a source of physical delivery. This is no small development. In years past, this amount would represent roughly a decade’s worth of silver deliveries. In addition, Comex deliveries in 2021 are now on pace to better the 2020’s delivery numbers. When all of this is added to record global retail physical demand in coins and bars - physical demand at some point and probably sooner rather than later, will completely overwhelm supply. In geological terms, silver is found in a form called epithermal, meaning it is found very near the surface. This means that most of the big deposits were found years ago, even before the advent of enhanced imagery. In fact, only 30% of global mine supply comes from primary silver miners, while 70% comes as a byproduct of mining other metals such as copper and zinc. In summary, the demand for physical silver is greater than the supply - the amount being mined each year. And it’s expanding. At the same time, silver is in the cross hairs of a new class of “deep pocket” investors, from hedge funds to home offices. And the “retail” demand is on the rise as well. As an example, our business at Miles Franklin is up between 300% - 400% and it is 95% silver. This new, large demand is, in part, being funded by savvy investors taking profits on stocks and Bitcoin. Most commodities have one primary source of demand, like copper – which is solely and industrial metal, and gold, which is mostly a monetary metal. Silver is in demand by both industry and investors. At some point they will be in competition with each other. That point is not far off. So yes, I think a squeeze is not only possible but actually highly probable.

To: TobagoJack who wrote (178127)	9/11/2021 12:11:33 PM
From: maceng2	1 Recommendation Recommended By ggersh Read Replies (2) \| Respond to of 217781

I have a brother in the Ukraine. Visited the open air museum which gives an idea of the scale of the real WW2. It's mind boggling and horrific. The movie is on the list of things to watch. I have quite a stack now, thank you. On a different track, this documentary has no movie visuals etc, but is a documentary about the Australians vs Japanese in the war to try and capture Port Moresby. The Kokoda track campaign. No tanks, and only a few artillary pieces make it to the front lines. -g- Bureaucracy somehow arranged the least trained lower end of Australian forces were matched against the best trained elite Jungle fighters of the Japanese forces. The Australians were officered by older combat experienced men from WW1 but the ranks were typically 18 years old or less. & MacArthur didn't have a good thing to say during the whole campaign. The Australians have a long record of not putting up with an overbearing authority. So I am a bit mystified with whats going on there today. New Zealand too. And Canada.