Get ready for the future. Silver supply is diving. There is an imminent shortage in silver supply. Pure silver mining operations are rare indeed so BHS is just one of few, even though it is small, that will be front and center soon. They have a virtually guaranteed 6 million ounces. Do we know just how rare that is?? Who can promise that?? You cannot put a price on those 6 million ounces of silver going forward in this moving window of time! Can you imagine what that will be worth as silver goes to $50 and beyond? … when silver goes ‘no bid’???
The insane AISC (all in sustaining costs ) of over $16/oz for mining silver are ending. Prices will have to rocket higher to even meet partial demand, a demand that cannot be met … and a growing demand that has been hidden for many years by the powerful forces suppressing it in the futures markets.
We forget that silver roared from $10 in 2008 to $50 in 2010 … and the present day looming shortages did not exist then. Its use in industrial applications: electronics, medicine, chemical catalysts, water purification, clothing, jewelry, currency, silverware and more cannot be substituted. Its growing demand for solar cells is expected to increase for years.
BUT, its investment value and its role as a safe haven and a store of value, a medium of exchange and a universal currency as settlement on demand is only secondary to gold. Now, will it be better, more accessible, more affordable and more convenient to have gold or silver coins, wafers and bars for the average slob as a form of money and store of value?? Can you imagine the panic of those listed above that need silver to exist in business? … just the electronics sector alone? It is a vital and precious metal that will soon demand retribution. Those who have colluded and connived for over 50 years to keep its price criminally suppressed will soon bear the revenge of the natural market gods of ‘supply and demand’!