SRSRocco: We’re On Silver Fumes! Come September – It’s Gonna Get Ugly

“We should be buying silver…..It’s an amazing story what’s happening……We are on Silver fumes! And people don’t realize it.
In the words of silver and oil expert Steve St. Angelo, come this September…It’s Gonna Get UGLY…


Submitted by Rory Hall, The Daily Coin:

Does anyone believe the current gas prices are going to stay this low for much longer? Well, if you do, you may want to listen to what Steve St. Angelo from SRSrocco Report has to say. Shale is failing and will be on it’s last leg within the next 5 years and just about dried up completely within 10 years.

“The US shale gas industry is a commercial failure”. The US set up 35,700 drills, Russia set up 8,000 drills and Saudi Arabia 399. The US produces 11.7mm barrels of oil per day, Russia produces 10.9mm barrels per day and Saudi Arabia 11.4mm barrels per day. That’s a lot of more work for, basically, the same amount of production. That’s a lot more resources for, basically, the same volume of production. To be sure the US did produce more by-products, such natural gas liquids, condensate which is similar to gasoline. “We could see a significant fall by 2020-2025.”

Think gold and silver will continue to be the whipping post for the banking cartel? No so fast. While the paper game continues it seems the time is running short due to the fact that the energy stored within these precious metals will soon be on the decline. Combine this with the fact, that China, India and Russia are removing almost 75% of global mining production and recycled materials on an annual basis and you have a situation that is unsustainable for the rest of the world. Currently these three countries are removing approximately 3,500 tons of gold in a global market that is approximately 4,200 tons.

Think your digits-on-a-screen are going to be there when you need them most? Probably not. Mr. St. Angelo makes a great point, a point that most of us have never considered and one that perfectly aligns with Chris Duane and the way he has described silver for many years. Mr. Duane has long said that one-tenth an ounce of silver represents one day of hard-human labor. Mr. St. Angelo puts it this way…

“…energy and precious metals go hand-in-hand…energy drives the economy and finance is suppose to steer it. Well, it’s steering us over the cliff.

A good accountant for our finances has been gold and silver for thousands of years…When you own an ounce of gold or silver it has economic energy or energy value that’s stored in it; it’s like a battery. If you have a $200,000 IRA or retirement account, that’s not a store of value, that’s an energy I.O.U.”

Gold and silver have already been mined, the energy necessary for their being has been spent. The energy necessary for someone to collect on their digital-dollars, including crypto currencies, has not been used while those digits remain on your screen. The goods and services you trade for have been, in most cases, previously manufactured, however, the energy required for your to transfer or retrieve your digital-dollars has not been used. Thereby, making it necessary for future energy to be created for you to use those digital-dollars. Personally, I am not willing to depend on someone outside of my wife and my myself for most anything. Why would I depend on someone else for something as monumental as my future income or sovereignty? Doesn’t add up.

How much longer can this game continue before real cracks begin showing up in the infrastructure of the system?



We have a total of 8 years of gas reserves and 3 years of shale reserves, at current consumption levels.” How do you run a major metropolis on 70%, 50% of the energy that it currently uses? Will the big-box stores be able to continue the status quo? Who will make the decision regarding what works, what operates and what doesn’t? Will you have a voice in that decision?

What about the value of silver, not the price, but the actual value? Steve makes another wonderful point that most of us have never considered. There’s two ways to value silver. It’s just-in-time supply chain mechanism and it’s cost and that’s what we’re seeing right now. It’s not the value of silver; it’s how much is being consumed.