Not that phony paper silver ETF crap, for I’m talking about the real, shiny phyzz.
That discussion can be seen on YouTube here:
I bring up that video because Steve shares a chart (around minute 35 or 36) which shows that silver investment demand has absolutely skyrocketed since the Global Financial Crisis of 2008.
Here’s the question: Can anybody doubt we are in an even more severe financial crisis right now?
Of course not.
Governments are spending money like drunken sailors.
Which brings me to an interesting article from the Silver Institute just today (bold added for emphasis and commentary):
(Washington, D.C – Jan 12, 2021) Automakers today are increasingly relying on silver to enable the vast technological advances incorporated into modern vehicles. This has resulted in another powerful demand center for silver, with projections of nearly 90 million ounces (Moz) of silver absorbed annually in the automotive industry by 2025. Notably, by that time, this will rival silver consumption in the photovoltaic industry, forecasted to be 98 Moz this year, and currently the largest application of global industrial silver demand.
The Silver Institute says this is “another powerful demand center”.
Indeed it is.
And to think, that gene which remains dormant in most people, you know, the gene that inherently understands that gold & silver are money, hasn’t even activated yet.