Post by
harleyonvacatio on Apr 11, 2024 10:08am
Silver in the news Again
As reported by the New York Times
"China will require 700,000,000 oz of Silver for their in country Solar Panels manufacturing in 2024.
Thats just China."
That screams major SILVER shortages and that will trap all Silver shorts especially the comex and paper ETF's ...
Where it gets interesting is the yearly total world 2023 production was only 917,230,000 oz of Silver. That screams major shortages.
Why has JP Morgan been buying and storing 1,000's of tons of Silver over the past decade. Countries included
So what about Silver needed for electronics, cell phones, televisions, EV auto production....huge problem for those companies now - today. Where does all that Silver come from?
Silver miners are already selling their Silver oz. directly to the manufcturers avoiding the middle man and saving those added not needed costs to their bottom line. First Majestic Silver is already.
The Silver community is in for a major market shift avoid (To stay clear of; go around or away from) of the historical precious metals decades upon decades of manipulation and coruption IMHO.
A clean break through $28 usd Silver will be smashing higher and higher.
The Gold/Silver Ratio of 83.37 is dropping like a stone.
NDM is our bank today, tomorrow and our future wealth - Silver market requirements will change the political landscape against miners as "We Need our Miners NOW"
PS: RC123 is stuck in no where land (antartica lol) and and keeps posting irrelevant negative opinions that have no merit in todays landscape......
GLTA
Comment by
RealityCheck123 on Apr 11, 2024 3:24pm
And still Pebble remains uneconomic with no major miner interest. Eight majors, minimum, will not touch.