Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!

Monday, March 17, 2014

Survey: Is a Silver Supply Shortage on the Horizon?

By Charlotte McLeod

Silver, it seems, is everywhere. The precious metal’s dual role as both an investment and industrial metal means that while it can be bought physically or in paper form by investors, it also has myriad technological and medical applications.

It’s in part because of those many uses that some silver market watchers think at some point — perhaps in the near future — demand for the metal will exceed supply, creating a shortage.

Andrew Chanin, co-founder of the PureFunds ISE Junior Silver ETF (ARCA:SILJ), is one person who believes that’s what’s in the cards. He told Silver Investing News (SIN) in a recent interview that “we’re entering an era where we’re seeing a tug of war between investment demand and industrial demand. I think what people aren’t even considering as a possibility is a potential supply shortage in silver as a result of this squeeze from demand.”

Speaking to Mining Weekly at the Toronto-based PDAC convention earlier this month, Chanin expanded on that statement, giving three reasons why he thinks a supply crunch is in store for silver. Those reasons are:

    Mine closures: Several base metals mines, said Chanin, are expected to be depleted in the medium term. While that may not sound like a problem for silver, the fact that the metal is often produced by base metals mines as a by-product means their closure could be an issue.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Silver Shortage
GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!