Top Silver Supply Figures & Forecasts Are Incorrect

SRS8Due to the tens of $trillions of liquidity the Fed and Central Banks threw into the financial markets, the 2009 Global Depression was averted.  This allowed BAU- Business As Usual to continue in the world and mining sector.
If the financial system collapsed along with the broader markets,  global silver production would have fallen considerably in the years following 2009Furthermore, easy money and low-interest rates allowed the world to extract and consume expensive low EROI oil that it really could not afford.
The end of this decade will be nothing like the beginning.
  The Financial Industry will come under the weight of peak oil.  Paper assets will lose value and investors will be forced to move into physical assets to protect their wealth.
Gold and Silver will offer a WAY OUT to the PAPER PONZI SCHEME.  Unfortunately, only a few will see the light before it’s too late.

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The Silver Squeeze: Visualizing the Silver Shortage

silver squeeze

Despite ‘crashes’ in the market, the demand for physical silver continues to rise. Buyers are already outpacing sellers by a stunning 50-to-1 ratio. We are seeing the beginning of shortages; but this will only accelerate if Western governments continue with this raid on paper gold and silver.

When Supply & Demand take over…the Squeeze is On!! [Read more...]

Gold and Silver Prices – Been Here Before, But This Time Is Different

The precious metals have seen dramatic sell-offs before, although the primary difference between previous precious metal declines and the recent drop is the current shortage of physical metal. 
Major dealers in North America and the EU seem to be out of physical precious metal stock almost across the board. This physical shortage had been developing for some time, in contrast to the 2008 drop.
In terms of the supply fundamentals, the loss of Kennecott’s Bingham Canyon mine last week, in addition to further postponements for Barrick Gold’s big Pascua Lama Project were as bullish as can be.

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16% of US Annual Silver Supply Just Vaporized…

*UPDATED
5 million ounces of annual silver supply and 500,000 ounces of annual gold supply have just been vaporized landslided.
Rio Tinto’s Kennecott mine in Utah- the US’ 2nd largest silver mine and world’s largest copper mine has just suffered a massive landslide which will likely shut down production at the mine for years as upwards of 1 billion tons of dirt and ore have collapsed into the basin. 

16% of US annual silver production just vanished.  Good thing there aren’t any physical supply issues in silver currently or anything…

Astonishing Photos below: [Read more...]

Sprott’s Rick Rule to CNBC: If You Think Your Wife’s Ring is Supply, Ask Her. You’ll Find Out it Isn’t!

large ringWhile Eric Sprott was speaking with The Doc this morning, Sprott’s Rick Rule was on CNBC discussing gold, silver, platinum, and palladium in the midst of the latest cartel raid on the metals.

While Rule’s entire interview is a MUST WATCH, the below clip was an absolutely classic response to CNBC’s claims that jewelry recycling will prove to bring massive supplies to the market:

In terms of gold and silver with supply, you have to think about historically mine supplies, but there are no substantial inventories of platinum and palladium. It has gone up a smokestack, it has gone out a tailpipe or been turned into jewelry. If you think your wife’s ring is supply, ask her. You’ll find out it isn’t

When asked which precious metal Rule would recommend owning he responded:  I would own the whole bullion suite.

Rule’s full interview is below: [Read more...]