by Jon Forrest Little, Silver Seek:
- Global mining supply is at the largest downtrend in World History. A few days ago, Mexico, the World’s largest producer with hundreds of mining districts, BANNED OPEN PIT MINING. Open pit mining is how you mine Silver, so Mexico banned it altogether by banning open pit mining.
- World Demand is at all-time highs. The push to NetZero emissions by 2030, 2040, and 2050 (milestones) has emerging renewable energy sources, including solar panels, batteries, and electric vehicles. This total electrification uses enormous amounts of Silver.
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- The militaries throughout the World are escalating. Here is an example of Silver used in the military. There are over 150 nuclear subs in the World. Using conservative numbers, each nuclear submarine has 100 pounds of Silver because the batteries need to power the sub for hours, days, and years. Moreover, the batteries get changed frequently. Doing the math 150 x 100 = 15,000 pounds. There are 16 ounces in a pound, so that’s 240,000 ounces of Silver. Militaries also use Silver for bombs, shells, missiles, and night vision goggles. Silver is the best conductor of electricity and is corrosion-resistant.
- Corrosion is a problem in severe conditions such as war, oceans, and outer space.
- According to the Silver Institute’s World Silver Survey, the silver market has been in an alarming deficit for the past two years. In 2021, the deficit was 196.3 million ounces; in 2022, it was 237.7 million ounces. This is the most significant deficit on record, and it is due to a combination of factors, including:
- Strong demand: Demand for Silver has been strong in recent years, driven by several factors, including the growth of the solar industry, the use of Silver in electronics, and the investment demand for silver coins and bars.
- Limited supply: As mentioned above, Mexico’s ban on open pit mining plus overall mine production of Silver has drastically declined in recent years. There have been some delays and disruptions at some mines. This has limited the supply of Silver available to the market.
- Declining recycling: Recycling of Silver has also been declining in recent years, as the price of Silver has been relatively low. Extracting Silver from electronics, mobile phones, and solar panels is labor-intensive. The time and energy expended trying to recover the Silver embedded in electronics are more expensive than the reward, which is the nominal $23 spot price of Silver per ounce. This has further reduced the supply of Silver available to the market.
The silver deficit is expected to continue in 2023, as demand is still strong and supply is still limited.
There is a plan to double the price of Silver in the next 18 months, and it is called Drain The Mint or #DrainTheMint
video by SilverDegenClub with narrative assistance by The Pickaxe
VIDEO 2 – a 4 minute explanation from Mike of RTD.NEWS (Rethinking the Dollar)
Video 3 – World Silver Authority Andy Schectman appears with two animated and anonymous citizens.
Below is Andy Schectman with two cartoon characters (citizens who want to remain anonymous since the research indicates a revolutionary plan to drain the US government of their favorite strategic metal that was never intended to be an instrument of war. )
Silver in nature is on the chart of periodic elements for thousands of years and was not intended to be used for death and destruction. For example, a golf club or baseball club can be used for entertainment and competition, but a sociopath can also kill a seal or murder someone.
Conclusion
So how does Silver go from today’s price of $23 an ounce to $45?
Here is how it will go down.
Step 1 – We are poised on a worldwide depression not seen since 1929. Historically, the Dow Jones to gold ratio is 10-1 or 11-1.
