Silver Dragons, how can you say that stackers have about 1 billion oz of silver when all that silver is at the bottom of various lakes and oceans, lost in tragic boating accidents?
Well most of that Silver has already been sold back... its 80% selling and 20% buying so there isn't an extra billion ounces because some of that goes right back or goes into the hands of another stacker. There's definitely a big amount but we can't assume everyone is holding.
if silver went to $3000 an ounce you would have a lot bigger issues to deal with than selling your silver. Gas would probably be $500 a gallon at that point
If people were smart they wouldn't be sharing with the GOV how much gold and silver they have. The same goes for what kinds and how many weapons you have.
Most people are smart. Like you, I wouldn’t volunteer that information to anyone. Most people figure that out. I think they get those numbers from the dealers, the mints, and the mines. Pretty sure they cannot track where it goes after it leaves the dealer unless the metal has an ID chip inside.
@@PatriarchalRain816 I was referring to all the content creators and other people who lay out all of their precious metals for the world to see. Not that it's any of my business.
Definitely, likely most silver stackers have weak hands and sell instead of hold. Notice how much is being sold currently when the price went above $25.
@@trustme2001 over the weekend I was at a coin show and overheard a woman talking to a dealer about how she started stacking a year ago and was now at 500 oz, and wondered if she over did things. lmao
@@Tater-SkinzBut my dollar is the world's reserve currency, it is the most valuable thing ever that is backed by absolutely nothing, except, maybe Bitcoin.
Even at 18 billion ounces it's way less than the amount of dollars there is out there- Trillions. And that's just US dollars, imagine comparing silver to all world currencies.
and silver is never going to be monetary currency unless there's a nuclear apocolypse and all technology is lost and humans are forced to start from the stone age again..
I have a 16 oz chunk of high grade silver ore. This stuff sparkles in the shade and is even better in daylight. There is plenty of silver waiting to be extracted from the ground, It’s the quality of the ore that is important. Lead and silver travel together during the formation process. Some ore is 80% lead and 20% silver. What is desired is 80% silver and 20% lead = high grade ore.
The atomic radius is similar in size between Pb and Ag. Natural lead comes in the form of Galena PbS2 and you will get what is called bloated galena. The silver atom is the larger one and bloats out the cube's face lattus.
Being part of a group researching total above ground silver in 2010 our assessment was only 24 Billion ozs. From jewellery to coins to bullion. This was based on data available at the time. Stock piled and refined into bullion accounted for about 4 - 5 Billion. The rest was in other forms. 14 years later the study needs updating and I am not doing it.
there's one use of silver that is not listed and that's the military usage. As far as the report for accuracy and truthfulness IMO nothing that the gov't is doing is transparent, truthful or accurate. There is either deliberate misdirection or incompetence as to the complexity of the data sources and methods of inventorying.
Could the price of silver being artificially low be tied into renewable energies? With solar panels and other electronics utilizing silver/nickel could the "low" price be used as a talking point to convince people of the "low" cost of transitioning to renewable energy?
@@DorothyPappas Can't happen, won't happen - nothing is as conductive. That's why industry is dumping gold and hording silver. The price of silver is being kept low so that industry can horde it all for very little cost and then bankrupt everyone with the insane prices of the products that the WEF & powers that be will force you to buy under "climate/green laws". One great lie that keeps doing the rounds is "salt batteries" - the reality is that as technology stands at the moment, salt batteries are centuries away from being comparable to lithium-ion phosphate batteries when looking at voltage, current, capacity and volume (i.e. size).
I imagine that it is trackable. I also see why they didn't include it though. I look at my own stack and see brand new 2024 stuff, and I see older stuff that I bought in the same order. When was the older stuff accounted for? If I buy a 2020 APMEX 10 ounce bar from a person on e-bay, does it get counted again when I buy it? It would be a monumental nightmare trying to track what was actually new silver, versus previously accounted silver, within the stacks of every single silver stacker.
My guess is the silver is counted that year. Like the Perth mint bought, minted and sold xxx million oz of silver in 2023 and so on then all those numbers are added up.
Quote: "USGS: World's Supply of Silver will be depleted by 2025". I commented (here) on this very subject concerning Silver Extinction predictions by the USGS some time ago. And what you're still not factoring in is that Silver, unlike Gold, is a "surface metal". Silver is still also sourced as a by-product of Gold Mining but to a lesser and a less predictable amount. The Silver that is currently in private possession is not included in the math because it's considered "unavailable". When we exhaust it as a mineral, there are no viable alternatives. Our consumption of Silver used to be 16x more than we can mine and process it (2014 figures) but that figure has risen greatly since then. The USGS statement on Silver extinction projected Silver as rising to as much as $10K per ounce due to demand if extinct. Just like Rhodium did in 2003 (Rhodium moved from $535 per ounce to $10K per ounce briefly - until an alternative for Catalytic Converters became available). Silver is in higher demand than ever before and is essential for modern electronics, electrical, scientific and medicinal uses (silver is an antibiotic). It's now in all major electric vehicles and batteries and televisions, iPhones and computers. So as the consumption increases, and as recovery dwindles (unlike gold, silver is not recycled), you'll see Silver become extinct from around 2025, just as predicted. That's the ONLY reason I considered buying silver ingots since 2011. I'm not interested in coins or fractional silver. If the world falls apart people will still value Gold more. The odds of Silver depletion triggering a massive price rise is far more likely than any other type of societal Apocalyptic scenario. All of the world's available Silver right now amounts to just 778K Tonnes and less than half a million is estimated to be still in the ground. All the silver ever mined amounts to 1.4M Tonnes. But we're chewing through it faster each year. This is why Elon Musk is now buying physical Silver and is investing in Silver Mines... he needs that Silver for Tesla & SpaceX. If people knew how little silver is physically available there would be a rush on the markets just like the toilet paper craze during Covid. The prediction of $10K per troy ounce of silver when it becomes the first metal on the Periodic Table to become extinct is one that has stood for well over a decade.
@@JoyPeace-ej2uv - satellites can map out mineral deposits in general but low-flying aircraft have mapped out silver deposits via electromagnetic sensory apparatus suspended beneath them. This is how most of our modern mining is achieved and the maps are highly detailed. On the ground, samples and core-samples are taken to reinforce the numbers. Virtually all silver deposits had been identified by the 1990s. It's such an important resource now that we're carefully mapped its location globally. Most platinum-group metals are believed to have been deposited on Earth via cometary impact. Gold as well, although vast gold deposits beneath Victoria, Australia have recently been detected with acoustic methods at a depth beyond our ability to dig it. Gold creation requires the collision of two neutron stars to strip the electrons from iron atoms and rearrange them via the "rapid neutron-capture process". Silver is a platinum-group metal that is believed to be produced in the same manner. Silver's distribution on Earth is more limited than gold, hence it's scarcity. With gold being mostly used as a store of wealth with some important medical and industrial uses, it has about 32 practical applications. Yet silver has over 1,600 uses - hence we're consuming far more than we can mine. And it's predicted (by the USGS) to run out in around a year. I'm surprised nobody is panicking just yet. I seem to recall silver being shorted at 15:1 a couple of years ago... so I look forward to seeing what happens as it nears depletion.
@@JoyPeace-ej2uv Hate to break it to you but yes, they do know where all the deposits are. That's thanks to the geological surveys that happen daily around the world by mining companies. Also, knowing where silver originates from means you know where to look for it - this means a well defined search area. There are some deep deposits of gold and silver in Siberia, the problem is that they're extremely deep, well under 4km thick bluestone reefs and would cost more to extract that the metals are worth; thus completely worthless. This is why Russia wants Ukraine - Ukraine has a lot of very easily accessible mineral wealth that Russia wants for itself.
I'd tend to believe most of it, under the hood our modern world uses a lot more copper, silver and gold in it's manufacture than ever before, the stuff is no longer used mainly as money yet demand keeps increasing regardless.
Demand for silver in industry keeps shrinking, home electronics reduced silver need to insignificant amounts, in the defense industry we have replaced silver with other metals (infra-red missiles still use silver but amount is shrinking), even the new generation of solar panels have minimized use of silver. Gold on the other hand is used in space craft and most electronics, even that use has stabilized. The number 1 use of gold is in jewelry and by collectors.
I saw someone ask if it's incompetence or intentional and now I can't find the comment. Anyway I expect that there's a fair amount of incompetence and some amount of guesswork in the calculations.
So, the year to year physical investment chart probably does not include the trading and sales outside of the regular retail market. It is almost impossible to track those kinds of trades, purchases or sales.
But what about silver coinage and private silver investment rounds/bar production that may be trackable. This should be a good proxy for this type of physical investment I would think.
Paper silver manipulation is a factor in price because there is not enough silver posessed to cover paper. Also silver is used for industrial purposes and unable to be reclaimed economically if at all.
Don't worry. Silver is gonna take off again. I think some of this info is hurting the price. Gold & Bitcoin market caps will rise and so will silver along with it. IMO
I've been saying in every video that the solar panel usage thing was bogus. For one thing silver usage will decrease over time, per panel, as they are switched to n-type semiconductors instead of p-type.
if silver price goes higher than like 10% of gold price. i would bet me last silver coin that they would substitute other metal for silver in engineering applications. mass produced electronics in the end are driving by economics, not maximizing efficiency we already saw that back in 1970s, when they substituted copper wiring with aluminum wires due to high copper price.
Best silver advice is to do the opposite of what the big name youtubers (Schectman, Zang, et al.) say to do. Ever notice when they come out with these crazy high numbers the next day silver dips? I will say Sliver Dragons is more honest than the rest.
Yup they do it everywhere... Look into the car graveyards where brand new cars are just left to rot . The diamond industry is another thing that comes to mind
My understanding is that the cost to remove silver from the ground is currently about $17. Sure technology will make silver mining more efficient, but it’s my opinion that mining cost will rise. These cost are likely driven by several factors: labor costs, equipment costs, capital costs, navigating environmental costs. I’d love an “in the weeds” video addressing how the incoming & unavoidable inflation will impact the removal of the un-mined silver.
Hi SilverDragons! Thank you for the great information! What is the cost of mining, purifying, and minting? Seems like this value would normally go up with inflation.
I wonder if they don't count the amount of silver that has been sold because some portion of it gets sold back every year and ends up in those known reserves?
I'm not and "insider", but I guessed why the silver reserver number on the Debt Clock was so "high" - includes mineable reserves. Private silver inventories include silver that has been re-sold - changed hands. The other "inventory" is held in the form of old silver coins, jewelry, silverware, etc. Some make a distinction of industrial uses of silver calling it "fabrication demand" since it tends to leave the identifiable silver reserves permanently.
They found a huge amount of silver in reserves in Eastern Europe, Poland. There's a lot of people selling silver even now. I posted video about those increased silver reserve discoveries in Poland and also a video on the Debt Clock origins if you and anyone is interested in checking it out.
I think the 2.4 billion ounces in stackers hands is suspect. One ten ounce bar in my stack may have been bought and sold 10 or 20 times in the last 10 years but might count as 100 or 200 ounces sold. I think they are trying to be accurate with some slippery numbers.
This issue had occurred to me. I don't know of a way to keep a running total of the amount of silver in private hands, let alone understand how that unknowable amount of silver affects pricing. Obviously there is some turbulence in the number, as old stackers die and in some cases their family sells off their stack, and new stackers enter the market. I think price spikes will incentivize some stackers to take profits on a portion of their stack.
My questions regarding this research article would include: Is the "physical investment" chart exclusive of the "identifiable silver bullion inventories" chart? Or is there overlap between the two? - I'm questing to assumption that these are two fully distinct pools of silver. I understand private holdings that many of us have are not part of the big bullion storage vaults/warehouses, yet don't "physical investors" sometimes hold their silver in these warehouses??
For the coin dealers and bullion houses they beat that drum with a new video or two every day I am noticing. They tell us to buy buy buy and hold hold hold no matter what is happening. Their business depends upon us being fearful of a pending crash and dollar devaluation. So they beat the war drums daily to keep us in fear and believing all hell is going to break loose and we will need silver to buy things. It all things did go to hell no one would care about silver. The price of silver would plummet like a rock. No one would be building anything with silver in it. No one would be building much of anything and certainly no one would be buying silver to stack. All stackers want silver to stay bullish.
@@kertbert1 thats the insidious nature of this channel and this video. they talk about market manipulation when they are manipulating the market themselves.
I caught your mistake in the last one. I have $7.00 in Mercury dimes, and I won't unsubscribe. You showed a report, we read it differently. I was right this time, but I assume I could be wrong somewhere else. I love your channel, and hanging out at Harry's is fun if not heart warming. I live near mixed metal mines.
I think it all boils down to one thing.... Human nature. How many humans have you have personally known that tells the truth 100% of the time? How about where wealth and money is involved? You now have the correct answer.
Who cares about the true silver 'reserves'?? Silver dealers are awash with surplus supplies and have to offload with discounts and near-zero premiums. That isn't one off, it's been like this for YEARS. Enough said.
Silver that individuals have stacked is known by the mined numbers.. every ounce is weighed when mined, then sold to be minted. Private buyers take possession. Mined then minted, then sold. Easily tracked. I don't understand the confusion.
More than 50% of stackers will be willing to sell at least 1/3 of their silver if the Spot exceeds 40$. The availability of Silver in private inventories prohibits the market running out of Silver. The demand must exceed the supply for more than 10 to 15 consecutive years to drag the price to somewhere above 60 to 70$
I don't trust anything they tell us. As was in the 80s with the Hunt bros. hedgeing the market this too is happening today in the markets so they can rig the prices for max profits Keep on stacking Great show as always!
You can't depend on individuals to declare their holdings at all, let alone accurately. So it makes sense to me that we don't have this data. All we can go on is how much physical has sold down the production chain to the first end-consumer
How would I verify the inventory of those stackers. What if they lost it. What if they gave it to someone else or melted, adultetated, or destroyed it? Or is it just important to know that it's above ground? It might be too hard of a measure (tracking it), so if I want to know what my friendly stackers are holding, I'll have do the math on my own.😢 Ty for showing us how!
I don’t want my stack identifiable, I imagine most stackers don’t want their stack identifiable either. Also most stacks are not available for purchase. So I can see why they split the numbers up. Identifiable = known and available for purchase Stacked silver = hopefully unknown to most and unavailable for immediate purchase.
I drive for a waste management company and I see tiny amounts of silver and gold thrown away every day and electronics and cell phones and such never to be retrieved never accounted for
The CPM Group are the ones who split from the Silver Institute after they started cooking the numbers in the 90's. I did not name them in my comment in the previous video, but since the cat is out of the bag... The Silver Institute decision to ignore the stock held by investors was 100% done to make silver look more attractive and the CPM Group did not want their name associated to the scheme. That is why the Silver Survey peddles a deficit year after year yet no industry has ever experienced a shortage and why the prices fail to reflect any deficit...
Silver Dragons, how can you say that stackers have about 1 billion oz of silver when all that silver is at the bottom of various lakes and oceans, lost in tragic boating accidents?
According to WHO??
Are the 700 million ounces of silver stacked by J P Morgan included in the 1 billion ounces?
Well most of that Silver has already been sold back... its 80% selling and 20% buying so there isn't an extra billion ounces because some of that goes right back or goes into the hands of another stacker. There's definitely a big amount but we can't assume everyone is holding.
🤑😛🤑😛 ....same places have 1/2 my guns
Same!@@keithknechg3217
If silver reaches USD $3000/oz, the cause is likely devaluation of fiat rather than scarcity
Do not be fooled, 3,000. an oz of silver NOT GONNA HAPPEN. Not even in a hundred yrs.
@@getprepped3144 Do you think the USD will be around another 100yrs?
@@getprepped3144 I'm not arguing it will, I'm arguing it could with hyperinflation. Are you saying hyperinflation is not going to happen?
Hyperinflation DEFINITELY A GOOD POSSIBILITY!!
FANTASY
I don't know why I watch silver vids
Same. None of them agree on anything. But I've got the hots for Richard, so I keep watching in the hope that he's gonna be on.
@@MM-cp4mi 🤣🤣🤣 I watch these videos and realize how fortunate I am to invest for years in the market and not be a loser.
Every day it's a major development, a crisis, something that needs to be heard immediately!!! Then the follow up discussing what actually occurred.
It's interesting to see how honest enthusiasts deal with a game rigged by rapacious psychopaths though.
Regards England
Deep down, you love silver
if silver went to $3000 an ounce you would have a lot bigger issues to deal with than selling your silver. Gas would probably be $500 a gallon at that point
it sure beats the heck out of holding dollars
I'm glad that the Government doesn't know how much gold and silver I have.
That's why I stack gasoline.
@@donofarrell3188😂😂
@@donofarrell3188 🤣
Most shorted ( manipulated) commodities, silver , platinum and gold in that order. The metals are the bankers , Federal Reserves Kryptonite.
Copper will be next "to the moon" 😂😂😂 or 🤔🤔🤔
Nickels collect them, it cost about 8 cents to make a 5 cent piece
PT has actual rarity advantage
If people were smart they wouldn't be sharing with the GOV how much gold and silver they have. The same goes for what kinds and how many weapons you have.
They should not know how many bullets, beans or bandages either or the 3 B's. No way would I want the government to know what I have or do not have.
Most people are smart. Like you, I wouldn’t volunteer that information to anyone. Most people figure that out. I think they get those numbers from the dealers, the mints, and the mines. Pretty sure they cannot track where it goes after it leaves the dealer unless the metal has an ID chip inside.
The amazing statistic is how many ounces they have tracked to the bottom of the ocean and some very deep lakes. Tragic.
@@PatriarchalRain816 I was referring to all the content creators and other people who lay out all of their precious metals for the world to see. Not that it's any of my business.
@@bryanmcmanis6942 If they know you have it you know they will eventually come and take it.
I think they suppress the cost of silver to maintain the forecastable industrial use - an occasional bull run makes the numbers feel real
100%
Hmmm interesting
@@SilverDragons47 industrial usage is almost equal to mine supply. I think it is about high 80 something %.
JPMorgan does this with paper silver future contracts and was convicted of fraud in Sept 2020 for it
How exactly do they suppress the price of a freely traded commodity?
Genuine question I want to know.
A significant percentage of the private silver is churn. The same ounces being sold and resold many times.
Definitely, likely most silver stackers have weak hands and sell instead of hold. Notice how much is being sold currently when the price went above $25.
Morning still working on my 100oz!
You'll get there bro soon enough. I'm working on my 500 Oz right now
If you EVER wanted the Government to confiscate your gold and, All you would ever have to do is broadcast it all over Social Media.
@@trustme2001 over the weekend I was at a coin show and overheard a woman talking to a dealer about how she started stacking a year ago and was now at 500 oz, and wondered if she over did things. lmao
@@BoxStudioExecutive that's crazy bro. That's a lot to stack within a year. My goal is to stack 100
Oz per year 😂.
Keep on stackin’
Are you serious ?? These people (in the Government) don't know the definition of Honesty.. Awesome video.. Love Your Channel.. God Bless
It’s getting crazy for sure… thanks for watching 🙏🏽
It's like you can't walk out your door without tripping over silver!
🩶💪🏽
@@Tater-SkinzBut my dollar is the world's reserve currency, it is the most valuable thing ever that is backed by absolutely nothing, except, maybe Bitcoin.
Fair play. Cudo’s for the Mea culpa. It’s important to hold strong opinions lightly
Yes I believe that we are being lied to for profit. Thanks for your work, you did a great service.
Always pick up interesting info… thanks!
I appreciate that you corrected your miscalculation. Many wouldn't do that S.D so it's good to know there are still those with integrity. 😊
Even at 18 billion ounces it's way less than the amount of dollars there is out there- Trillions. And that's just US dollars, imagine comparing silver to all world currencies.
How many are real physical paper dollars, and how much are just digits on a screen?
Nothing Burger..Until Silver is priced as a monetary metal instead of current commodity than silver pumping is nonsense.
and silver is never going to be monetary currency unless there's a nuclear apocolypse and all technology is lost and humans are forced to start from the stone age again..
Thanks for being so transparent about the interpretation of these statistics!
I have a 16 oz chunk of high grade silver ore.
This stuff sparkles in the shade and is even better in daylight.
There is plenty of silver waiting to be extracted from the ground,
It’s the quality of the ore that is important.
Lead and silver travel together during the formation process.
Some ore is 80% lead and 20% silver.
What is desired is 80% silver and 20% lead = high grade ore.
Silver is not “formed” on earth ….it’s formed during a specific supernova and deposited here billions of years ago…
@@ryanb1444 same for Gold as well. It can only be created by the power of a Supernova which is beyond belief to us mere Humans.
The atomic radius is similar in size between Pb and Ag. Natural lead comes in the form of Galena PbS2 and you will get what is called bloated galena. The silver atom is the larger one and bloats out the cube's face lattus.
@@kertbert1 yes and galena is mostly lead although it looks like 100% silver.
Being part of a group researching total above ground silver in 2010 our assessment was only 24 Billion ozs. From jewellery to coins to bullion. This was based on data available at the time. Stock piled and refined into bullion accounted for about 4 - 5 Billion. The rest was in other forms. 14 years later the study needs updating and I am not doing it.
I appreciate the breakdown. I like numbers and knowing this kind of stuff.
There's no such thing as honesty. When it comes to minuplating the markets.
Oof…
there's one use of silver that is not listed and that's the military usage. As far as the report for accuracy and truthfulness IMO nothing that the gov't is doing is transparent, truthful or accurate. There is either deliberate misdirection or incompetence as to the complexity of the data sources and methods of inventorying.
Could the price of silver being artificially low be tied into renewable energies? With solar panels and other electronics utilizing silver/nickel could the "low" price be used as a talking point to convince people of the "low" cost of transitioning to renewable energy?
That's part of it, the "subsidies" used to push green energy do end up pushing some prices down by tinkering with supplies and demand.
I think that the price is correct, i.e. not artificially low.
I read where they’re looking into replacing silver in solar panels with an alternative that’s less expensive!
The price of silver in this case would be artificially high because they are scewing the numbers on how much silver there is.
@@DorothyPappas Can't happen, won't happen - nothing is as conductive. That's why industry is dumping gold and hording silver. The price of silver is being kept low so that industry can horde it all for very little cost and then bankrupt everyone with the insane prices of the products that the WEF & powers that be will force you to buy under "climate/green laws".
One great lie that keeps doing the rounds is "salt batteries" - the reality is that as technology stands at the moment, salt batteries are centuries away from being comparable to lithium-ion phosphate batteries when looking at voltage, current, capacity and volume (i.e. size).
I imagine that it is trackable. I also see why they didn't include it though. I look at my own stack and see brand new 2024 stuff, and I see older stuff that I bought in the same order. When was the older stuff accounted for? If I buy a 2020 APMEX 10 ounce bar from a person on e-bay, does it get counted again when I buy it? It would be a monumental nightmare trying to track what was actually new silver, versus previously accounted silver, within the stacks of every single silver stacker.
But, WHY would we WANT our SILVER to be TRACKED !?
@@misterc6012 exactly
@@misterc6012 No one suggested anyone wanted that. They were only wondering if it was possible and was it being done.
My guess is the silver is counted that year. Like the Perth mint bought, minted and sold xxx million oz of silver in 2023 and so on then all those numbers are added up.
Quote: "USGS: World's Supply of Silver will be depleted by 2025". I commented (here) on this very subject concerning Silver Extinction predictions by the USGS some time ago. And what you're still not factoring in is that Silver, unlike Gold, is a "surface metal". Silver is still also sourced as a by-product of Gold Mining but to a lesser and a less predictable amount. The Silver that is currently in private possession is not included in the math because it's considered "unavailable". When we exhaust it as a mineral, there are no viable alternatives. Our consumption of Silver used to be 16x more than we can mine and process it (2014 figures) but that figure has risen greatly since then. The USGS statement on Silver extinction projected Silver as rising to as much as $10K per ounce due to demand if extinct. Just like Rhodium did in 2003 (Rhodium moved from $535 per ounce to $10K per ounce briefly - until an alternative for Catalytic Converters became available). Silver is in higher demand than ever before and is essential for modern electronics, electrical, scientific and medicinal uses (silver is an antibiotic).
It's now in all major electric vehicles and batteries and televisions, iPhones and computers. So as the consumption increases, and as recovery dwindles (unlike gold, silver is not recycled), you'll see Silver become extinct from around 2025, just as predicted. That's the ONLY reason I considered buying silver ingots since 2011. I'm not interested in coins or fractional silver. If the world falls apart people will still value Gold more. The odds of Silver depletion triggering a massive price rise is far more likely than any other type of societal Apocalyptic scenario. All of the world's available Silver right now amounts to just 778K Tonnes and less than half a million is estimated to be still in the ground. All the silver ever mined amounts to 1.4M Tonnes. But we're chewing through it faster each year. This is why Elon Musk is now buying physical Silver and is investing in Silver Mines... he needs that Silver for Tesla & SpaceX. If people knew how little silver is physically available there would be a rush on the markets just like the toilet paper craze during Covid. The prediction of $10K per troy ounce of silver when it becomes the first metal on the Periodic Table to become extinct is one that has stood for well over a decade.
As if they know for sure where every deposit that has Not been found is located. I like satellites too, but really?
@@JoyPeace-ej2uv - satellites can map out mineral deposits in general but low-flying aircraft have mapped out silver deposits via electromagnetic sensory apparatus suspended beneath them. This is how most of our modern mining is achieved and the maps are highly detailed. On the ground, samples and core-samples are taken to reinforce the numbers.
Virtually all silver deposits had been identified by the 1990s. It's such an important resource now that we're carefully mapped its location globally. Most platinum-group metals are believed to have been deposited on Earth via cometary impact. Gold as well, although vast gold deposits beneath Victoria, Australia have recently been detected with acoustic methods at a depth beyond our ability to dig it. Gold creation requires the collision of two neutron stars to strip the electrons from iron atoms and rearrange them via the "rapid neutron-capture process". Silver is a platinum-group metal that is believed to be produced in the same manner. Silver's distribution on Earth is more limited than gold, hence it's scarcity.
With gold being mostly used as a store of wealth with some important medical and industrial uses, it has about 32 practical applications. Yet silver has over 1,600 uses - hence we're consuming far more than we can mine. And it's predicted (by the USGS) to run out in around a year. I'm surprised nobody is panicking just yet. I seem to recall silver being shorted at 15:1 a couple of years ago... so I look forward to seeing what happens as it nears depletion.
@@JoyPeace-ej2uv Hate to break it to you but yes, they do know where all the deposits are. That's thanks to the geological surveys that happen daily around the world by mining companies. Also, knowing where silver originates from means you know where to look for it - this means a well defined search area. There are some deep deposits of gold and silver in Siberia, the problem is that they're extremely deep, well under 4km thick bluestone reefs and would cost more to extract that the metals are worth; thus completely worthless. This is why Russia wants Ukraine - Ukraine has a lot of very easily accessible mineral wealth that Russia wants for itself.
'Available' doesn't mean available for delivery.
Yeah no kidding
I'd tend to believe most of it, under the hood our modern world uses a lot more copper, silver and gold in it's manufacture than ever before, the stuff is no longer used mainly as money yet demand keeps increasing regardless.
Demand for silver in industry keeps shrinking, home electronics reduced silver need to insignificant amounts, in the defense industry we have replaced silver with other metals (infra-red missiles still use silver but amount is shrinking), even the new generation of solar panels have minimized use of silver. Gold on the other hand is used in space craft and most electronics, even that use has stabilized. The number 1 use of gold is in jewelry and by collectors.
@@5785B This person is an idiot or troll - wrong on every point. There is a massive global supply deficit in silver.
Interesting. What are your sources please? @@5785B
I saw someone ask if it's incompetence or intentional and now I can't find the comment. Anyway I expect that there's a fair amount of incompetence and some amount of guesswork in the calculations.
I think you are right on. Great discovery. I wonder what will happen when the power to be find out what you have disclosed.
Very solid info - thanks for doing the research. I watch the Debt clock weekly myself
Thank you for the follow up video.
I listen to all these channels about silver but it’s just the best outside the system thing to buy right now
So, the year to year physical investment chart probably does not include the trading and sales outside of the regular retail market. It is almost impossible to track those kinds of trades, purchases or sales.
But what about silver coinage and private silver investment rounds/bar production that may be trackable. This should be a good proxy for this type of physical investment I would think.
Great update thanks! Very insightful
Thanks bro 💪🏽
Great video
Stack Strong 💪🏼
Very interesting, good video, great information!
Great video. Don’t stop
Paper silver manipulation is a factor in price because there is not enough silver posessed to cover paper. Also silver is used for industrial purposes and unable to be reclaimed economically if at all.
If silver was $3000 an oz there would be thieves stealing solar panels all over the world just like catalytic converters today.
Silvers true price is about $280 an ounce
Prove it.
Thank you for your time
Just buy physical coins like maples Roos eagles Brittanais etc
Jeff Christian has been making that point about above ground inventories for a while.
Don't worry. Silver is gonna take off again. I think some of this info is hurting the price. Gold & Bitcoin market caps will rise and so will silver along with it. IMO
Bitcoin was created by US goverment because they want to keep stupid people from buying gold or silver.
I've been saying in every video that the solar panel usage thing was bogus. For one thing silver usage will decrease over time, per panel, as they are switched to n-type semiconductors instead of p-type.
Great information! If they can benefit from it, they will skew the numbers.
if silver price goes higher than like 10% of gold price.
i would bet me last silver coin that they would substitute other metal for silver in engineering applications.
mass produced electronics in the end are driving by economics, not maximizing efficiency
we already saw that back in 1970s, when they substituted copper wiring with aluminum wires due to high copper price.
Best silver advice is to do the opposite of what the big name youtubers (Schectman, Zang, et al.) say to do. Ever notice when they come out with these crazy high numbers the next day silver dips? I will say Sliver Dragons is more honest than the rest.
Schectman Is pretty honest but Zang is a gold bug not silver bug. big difference.
@@martinbiribakken He's just a salesman.
Buy bitcoin and get dollars then. good for you!
The illusion of scarcity...
Yup they do it everywhere... Look into the car graveyards where brand new cars are just left to rot . The diamond industry is another thing that comes to mind
@@PockitBoxProductions luxury watches too
@@PockitBoxProductionsCorrect, De Beers diamond company has a monopoly on the market and maintains a false scarcity to keep profits high.
Well done follow-up Professor SD
Good info.
Great video.
We always discuss gold/silver ratio and when to buy silver over gold, but is there a point in the ratio that we should trade our gold for silver?
My understanding is that the cost to remove silver from the ground is currently about $17.
Sure technology will make silver mining more efficient, but it’s my opinion that mining cost will rise. These cost are likely driven by several factors: labor costs, equipment costs, capital costs, navigating environmental costs.
I’d love an “in the weeds” video addressing how the incoming & unavoidable inflation will impact the removal of the un-mined silver.
Hi SilverDragons! Thank you for the great information! What is the cost of mining, purifying, and minting? Seems like this value would normally go up with inflation.
The cost of mining is by far the largest cost. Each company has its own costs, which have increased due to inflation
I wonder if they don't count the amount of silver that has been sold because some portion of it gets sold back every year and ends up in those known reserves?
But, WHY would we WANT our SILVER to be TRACKED !?
So they can try to confiscate it in thr future. Mandatory turn in when the new digital currency kicks in
@@10dtrupe That is why they want it I don't, which was the point of the question. It is very valuable as a black market currency.
Simply because it is “identifiable “….. it’s silver in the world that they know is in the world so it should be counted for transparency.
I'm not and "insider", but I guessed why the silver reserver number on the Debt Clock was so "high" - includes mineable reserves. Private silver inventories include silver that has been re-sold - changed hands. The other "inventory" is held in the form of old silver coins, jewelry, silverware, etc. Some make a distinction of industrial uses of silver calling it "fabrication demand" since it tends to leave the identifiable silver reserves permanently.
They found a huge amount of silver in reserves in Eastern Europe, Poland. There's a lot of people selling silver even now. I posted video about those increased silver reserve discoveries in Poland and also a video on the Debt Clock origins if you and anyone is interested in checking it out.
Conspiracy indeed! If the actual amount of 'identifiable' silver was published, then the price may plummet, making the cost of mining it unviable.
It was me. I bought two billion ounces a couple years ago. Sorry 😂😂😂
so there is literally no problem for us to heve silver as money right
As far as I know you can have silver coins from any country and silver certificates without restriction.
No problem. Canadians can import as much as you want gold or silver if it's refined to 99.9% for silver 99.5% for gold, tax free.
The hunt brothers were very surprised by the fact that the largest silver mine was located in people’s attics.
Thank you sir we need the truth 🙏🙏🙏🙏 please keep on investigating, I'm still stacking cuz it's real money 💰🤑
Thumbs up 👍👍👍👍👍😎
💪🏽🐉🔥
I think the 2.4 billion ounces in stackers hands is suspect. One ten ounce bar in my stack may have been bought and sold 10 or 20 times in the last 10 years but might count as 100 or 200 ounces sold.
I think they are trying to be accurate with some slippery numbers.
Nice explanation
To much thinking going on.
This issue had occurred to me. I don't know of a way to keep a running total of the amount of silver in private hands, let alone understand how that unknowable amount of silver affects pricing. Obviously there is some turbulence in the number, as old stackers die and in some cases their family sells off their stack, and new stackers enter the market. I think price spikes will incentivize some stackers to take profits on a portion of their stack.
None of that matters to me or why I stack. Still a great video though! Always enjoy watching!
Great video brother thanks for the info have a great week
💪🏽🐉🔥
Silver is a scam for the sellers. I got some but starting to think that.
My questions regarding this research article would include:
Is the "physical investment" chart exclusive of the "identifiable silver bullion inventories" chart? Or is there overlap between the two?
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I'm questing to assumption that these are two fully distinct pools of silver. I understand private holdings that many of us have are not part of the big bullion storage vaults/warehouses, yet don't "physical investors" sometimes hold their silver in these warehouses??
How can they confiscate what some states have made gold and silver as legal tender.?
What would be the motive to make silver look more Bullish
For the coin dealers and bullion houses they beat that drum with a new video or two every day I am noticing. They tell us to buy buy buy and hold hold hold no matter what is happening. Their business depends upon us being fearful of a pending crash and dollar devaluation. So they beat the war drums daily to keep us in fear and believing all hell is going to break loose and we will need silver to buy things. It all things did go to hell no one would care about silver. The price of silver would plummet like a rock. No one would be building anything with silver in it. No one would be building much of anything and certainly no one would be buying silver to stack.
All stackers want silver to stay bullish.
@@kertbert1 thats the insidious nature of this channel and this video. they talk about market manipulation when they are manipulating the market themselves.
There Is a Surplus of Silver for its need. However, They make it confusing so The Reason for Spot Price is Always held lower for The Banks reasons.
I caught your mistake in the last one. I have $7.00 in Mercury dimes, and I won't unsubscribe. You showed a report, we read it differently. I was right this time, but I assume I could be wrong somewhere else.
I love your channel, and hanging out at Harry's is fun if not heart warming.
I live near mixed metal mines.
World silver or gold survey I don’t think most stackers would liquidate so most of these metals are locked away
So many have sold silver since it hit $30. Including me.
Not all of it but yea at 3k I'm selling a couple tubes
I think it all boils down to one thing.... Human nature. How many humans have you have personally known that tells the truth 100% of the time? How about where wealth and money is involved? You now have the correct answer.
Who cares about the true silver 'reserves'?? Silver dealers are awash with surplus supplies and have to offload with discounts and near-zero premiums. That isn't one off, it's been like this for YEARS. Enough said.
There is the "other" catagory which could cover individual stackers.
I don't trust their numbers. Evil permeates every arena.
Silver that individuals have stacked is known by the mined numbers.. every ounce is weighed when mined, then sold to be minted. Private buyers take possession. Mined then minted, then sold. Easily tracked. I don't understand the confusion.
Sorry if I missed it, but was rocket and missile silver factored? Small rocket 10-15 ounces, large missile up to 500 ounces. Vaporized
Also all the silver on the receiving end of that in the ships etc. Can't recycle that lol
You know what I'm more concerned on that US debt site? The fact that there's apparently twice as much gold than there's copper.
More than 50% of stackers will be willing to sell at least 1/3 of their silver if the Spot exceeds 40$. The availability of Silver in private inventories prohibits the market running out of Silver. The demand must exceed the supply for more than 10 to 15 consecutive years to drag the price to somewhere above 60 to 70$
Live and learn.
The evil display from Paris on the Olympics, made the Olympic silver coins down and kept the prices silver down thank God
That doesn't make any sense dude , FYI. None at all
WELL DONE...CHEERS !!! CANADA
I don't trust anything they tell us. As was in the 80s with the Hunt bros. hedgeing the market this too is happening today in the markets so they can rig the prices for max profits Keep on stacking Great show as always!
US debt clock bumped silver from $261 in this video to 406 this morning
You can't depend on individuals to declare their holdings at all, let alone accurately. So it makes sense to me that we don't have this data.
All we can go on is how much physical has sold down the production chain to the first end-consumer
Love the ASE/Maple backdrop!! My stacking favorites minus Constitutional/Junk....so sexy looking!!
How would I verify the inventory of those stackers. What if they lost it. What if they gave it to someone else or melted, adultetated, or destroyed it? Or is it just important to know that it's above ground? It might be too hard of a measure (tracking it), so if I want to know what my friendly stackers are holding, I'll have do the math on my own.😢 Ty for showing us how!
I don’t want my stack identifiable, I imagine most stackers don’t want their stack identifiable either. Also most stacks are not available for purchase. So I can see why they split the numbers up.
Identifiable = known and available for purchase
Stacked silver = hopefully unknown to most and unavailable for immediate purchase.
I'd sell my silver, but not all of it. Some pieces are for the collection
good job man
I drive for a waste management company and I see tiny amounts of silver and gold thrown away every day and electronics and cell phones and such never to be retrieved never accounted for
Nice Video
The CPM Group are the ones who split from the Silver Institute after they started cooking the numbers in the 90's. I did not name them in my comment in the previous video, but since the cat is out of the bag... The Silver Institute decision to ignore the stock held by investors was 100% done to make silver look more attractive and the CPM Group did not want their name associated to the scheme. That is why the Silver Survey peddles a deficit year after year yet no industry has ever experienced a shortage and why the prices fail to reflect any deficit...