gold news

 this is an all Hands-On deck moment I've long been telling you guys about all the price drivers in silver I'm calling it this is a time to make your move now silver prices are destined to go dramatically higher more than just about any other asset class out there silver prices will be the top performing asset class of any starting from now into the next couple of years everyone should get involved somehow with the silver trade I'm going to explain to you in this video how silver is about to run into a

massive demand wall and prices are going to do exactly what you expect them to do we talk about the global demand the global usage the gold to Silver ratio and the Platinum to Silver ratio we're also going to talk about different industrial uses the annual shortfall the coming War rated spikes and lastly how it's being viewed as an industrial metal instead of a precious metal we go into a really deep dive with this one and in case you don't have time to watch it all here's what it says silver prices are

destined to go dramatically higher for a whole Myriad of reasons which I'm going to explain to you right now throughout the rest of this video so let's get into it please help us spread the Scuttle butt by clicking on the like icon on the video annual silver production is 26,000 metric tons how many ounces is that you might ask it's about 917 million ounces so just under 1 billion ounces but the annual demand for silver 1.24 billion oun so that's a shortfall of a couple hundred million

ounces in one year silver demand out stripped Supply in 2023 for the fifth year in a row the deficit was just over 142 million ounces and the forecast for 20124 indicates that the annual production shortfall will nearly double to 265 million ounces the total Global Supply of silver stands at around 1 billion ounces about half of all the silver demand worldwide is attributable to Industrial applications especially in the electrical and electronics Industry investment coinage and jewelry and what

you'll see is that when I tell you about how Dr copper is a reflection of the economy so too to a certain degree are silver prices because silver is such an industrial metal used in so many applications so when the economy slows down there's less demand for silver so the prices fall and if you look at Copper prices which are falling into this oncoming recession then you've also got silver prices falling into the oncoming recession however I do expect the focus on Silver as an industrial

metal to be replaced by a lot of people who are going to be buying silver as a precious metal Silver is the most reflective metal it's good for your health silver has been used many times by countries all over the world over the years as currency and it has the highest thermal conductivity of any element and what that does is it allows silver specifically to be the perfect medal for certain applications I also expect more deterioration of the US dollar perhaps even a dollar Crisis coming up when this

dead bomb blows up but just like gold has been doing exactly like I told you as new money gets created gold prices go higher because it takes more dollars to buy the same asset silver is also in that game along with a lot of other Commodities too the only difference is that gold is being bought by central banks worldwide silver is not that could explain some of the lag why silver has yet to act as gold has been acting they always follow each other pretty closely like a water skier behind a boat so if

gold goes higher silver will eventually go higher but it's surprising to me how much of a lag there's with silver people are understanding there's going to be quantitative easing there's going to be monetary creation surprised to exactly no one and silver is real it's an actual asset and it's absolutely anti-inflationary if you own silver that investment those silver coins will not be affected by inflation they'll be helped by inflation that's like what I talk about when I say things that

succeed in spite of but not because of here's a chart from bullion by post this is when coming out of a recession how does silver perform so silver will hold its own thread the recession maybe fall a little bit as the rest of stocks also fall but as we pass through to the other side of the recession you'll see that historically silver prices have performed very well post recession we've also got all these wars lighting up all over the world this is dramatically bullish for precious metals prices

that's all I'm going to say about that topic for now that's all I'm going to say and I know that people are having a hard time paying for things nowadays and I never put things on sale I just don't but I wanted to mention that you can get the Peter Le newsletter for $20 a month cancel only time you want but you got to do it through the Peter leads app just go on your smartphone to m.p leads.com to get the app meanwhile gold prices are about to hit $2,500 per ounce that's going to be a

threshold level that will get a lot of attention among the media and the next thing everyone's going to be looking towards 5,000 a soft white lusterous transition metal Silver exhibits the highest electrical conductivity thermal conductivity reflectivity of any metal to estimate how long the unmined silver resources May remain we need to consider the amount of known reserves and the current production rate this suggests that the current rate of production and you guys know hang on a second to that

thought I always talked to you about the rli The Reserve Life index how many years does that mine have left or that oil well have left at current extraction rates until it runs dry so this suggests that the current rate of production and assuming no new silver is discovered the silver reserves globally will last for just under 22 years and you think 22 years sounds like a long time but that's to the point where there's literally no silver at all on the world left that can be extracted you tell me what kind of world

you think you're going to be in when silver is not even being used for any kind of electronics the worst of it's not going to take 22 years to show up but they will find as the prices go higher they will find new mins that will reop open paused projects but if you look at all of the silver that's always been mined worldwide forever from the beginning of time 1.4 billion kilog of silver has been mined throughout human history and silver gets used up a lot for industrial applications and of all of the silver

mined 1.4 billion kilg there's only 777 million kilog still in existence so you'll see that just about half of all of the silver that's ever been found has been used up here's a threeyear chart of the gold to Silver ratio you'll see that it takes a lot of ounces of silver to buy 1 ounce of gold and when that gets higher it shows you that silver is more overpriced while gold is more underpriced in comparison to each other and here's a three-year chart of the silver to platinum ratio now Platinum is

historically twice the price of gold it's got way more uses it's way more rare but prices have been acting so strangely you'd think that it's a great idea to invest in that at basically a great value at half of the price of what it should be historically but it's been so low for so long and I don't see what's going to be the driver to get the prices back to where they should be they will eventually normalize but it'll be very hard to pick the moments just look at it

this way silver is dirt cheap while Platinum is stupidly dirt cheap but if you buy silver it's a lot easier to exchange get rid of sell again buy more it's all simple a lot less expensive too this is from Sun nafisi jewelry eight interesting facts about silver prices number one silver is the most reflective metal polished silver reflects 95% of the visible light spectrum making it the most reflective metal it's being used in mirrors telescopes microscopes solar panels today's silver is invaluable to

batteries Dentistry glass Coatings LED chips medicine nuclear reactors photography photo voltaic or solar energy RFID chips for tracking Parcels or shipments worldwide semiconductors touchscreens water purification wood preservatives Mexico's the largest producer of silver and has maintained that lead for several years followed closely by Peru Chile Russia the world silver is known as one of the English words without a rhyme also the word silver and money are the same in 14 different languages silver is one of the

first five medals ever discovered silver objects have been found that date back to 4,000 BC silver was the first metal used in currency and in ancient Egypt its value was higher than gold silver is good for your health you've heard the expression born with a silver spoon in their mouth people thought that meant to do with finances or wealth they're born out to money but really silver has antibacterial properties so a lot of children were generally trying to be fed with silver spoons which happen to be in

general usually the wealthier families and that's where the expression comes from Silver was used widely in currency the first American silver coin was minted in 1794 some experts say that was the first silver dollar that was minted in the world one of these dollars was sold at an auction in 2015 for about 5 million coins Meed in the United States before 1964 are composed of about 90% silver and Kennedy half dollars mided in the United States between 1965 and 1969 contain 40 % silver and you see how what they do is

they water down the money they cheapen the money instead of putting so much silver in there we'll put a little bit of lead keep it the same weight the same size the same packaging just like when you buy right now a box of granola bars it's the same box the same packaging the same labels you get it home there's less bars or they're smaller and it's a joke you this big box have four little granola bars that's the way that they're getting with Phantom inflation but they

also do it without anybody seeing it by watering down the actual monetary Supply and they do this through two different ways they either produce more money create more money and it Waters it down or if they have money that is based on metal they put more lead or cheaper Metals into the coin silver is the best electrical conductor and is actually used as a standard by which other conductors are measured on a scale of 0 to 100 silver ranks 100 in terms of electrical conductivity copper ranks 97th and gold is ranked 76th silver Can

Make It Rain copper iodide compounds have been used to fertilize clouds to produce rain and attempt to control storms so what does this mean there's ETFs that follow silver prices I'm not giving you personalized trading advice I don't know what you should do make your own decisions live with the choices that you make I would suggest everyone get some kind of exposure to Silver if not by buying a monster box then by buying a few silver coins or by getting involved with a silver ETF but by far the best

way to take advantage of this move will be to get involved with really high quality silver mining companies high quality I'm talking about companies that have good Reserve Life indexes they're making money already they're producing they're not exploring they're pulling silver out of the ground so basically they're pulling money out of the ground as silver prices go higher their profit margin is going to explode just like I told you this would happen with the gold mining companies we just saw all of that

play out now the next move is going to be silver it's being stretched apart too long the wrong way it's going to snap back silver is going to normalize go back to where it's always historically been that's going to give a lot of value to Silver mining companies ETFs involved with silver the actual price of the physical metal and of course you're going to want to keep an eye on all of this stuff with me let me help you keep an eye on it and the way to do that is subscribe to the channel of course but

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