Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!
Friday, August 1, 2014
China & The Silver Shortage
62% of silver is used for industrial applications like nearly all of our electronics, biology, medicine, and other commercial uses. 21% is used for jewelry and 12% for coins.
95% of all silver consumed is gone, never to enter the supply side again.
On the industrial side of silver, there is about 28 cents in your cell phone, unless silver reaches the thousands of dollars per ounce, that silver is gone!
Silver formed into jewelry is the most costly silver, both because of its use and personal value to those who own it. This silver is essentially gone!
Silvers new uses are rising, all available supply is being consumed and a real shortage in the physical markets is being completely ignored due to the paper markets which sell at least 100 ounces of silver for every physical ounce that in reality is available.
Silver’s use in solar panels was not even reported in 1999, by 2015, it is estimated that 100 million ounces of silver are projected for solar energy use.
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