Maddog – I wonder what “very fast” means? That’s a 10 x move from here. 2 years? 5 years? There will be people coming out of the woodwork with scrap silver to sell as the price goes up. I’d think there’s some of that already, except that the refiners aren’t accepting anything that’s not pure right now, so that leaves out Granny’s sterling silverware. Wouldn’t that eventually help with some of the supply problems though? I agree recycling silver from solar is a longer-term deal, panels last what 25 years? I’d expect there will be all sort of jewelry recycling if we see prices skyrocket.

Anyhoo, short term, like tomorrow, silver may start to turn higher again. Just basing that on the stealth rally of some of the miners today.

Gold is impressive holding $4300. The only thing not impressive is the HUI/GDX.

Mr. Copper – at the end of the day, I’d love to be able to swap some of my silver for some real estate.

They likely did have a impact as I saw in. The 70s what they did to southern California and not just south of the border. Even when they escaped from Vietnam when it was taken over. By the Vietcong they headed to California where one of my in.laws at Camp Pendleton was suddenly charged with placing them or finding housing for them. They were coming from everywhere and last counted long time ago 90 different languages. Btw one Vietnamese said he was lucky he had saved some gold because I’m order to get him and his family on the boat to California they wouldn’t take their currency, the price was one one ounce gold coin per person..He got a better boat with that as some didn’t make it..

But it wasn’t just that, it was low interest rates too long and because the Blackrocks et all were buying up properties left and right to rent for easy money like the market wasn’t enough and then there was the speculators ordinary folk getting cheap loans buying houses to rent but maybe one or two for most going on. As the rent kept going up for economic survival people were buying even though the housing was over priced the rents were more over priced and saw no end to the increases. Just plain greed.

I have been thinking for years, that the mass immigration we had, is what caused the higher prices. FINALLY today I heard that on TV the Treasury Secretary Besant say it, the immigrants caused it.

So if Trump is successful in deporting them over time the rents and prices should come down. Maybe the property taxes also because so many of the immigrants are on food stamps etc.

I think they over built those big four story apartment buildings, because here Fairfield is offering incentives trying to get tenants.

perovskites offer a pathway to lower silver use — but many lab and early-commercial perovskite devices still use silver or other precious-metal contacts right now. They already broke the fundamental laws of efficiency with perovskites from what I’ve gathered from YT shows such as Undecided with Matt Ferrell. I think right now most electric car batteries use between 25 to 50 ounces of Silver in the battery. So battery design will need to pivot too. I guesss my point is that when silver goes into products, it’s locked up for 15-25 years before they can recycle it. If it can be recycled at all. This is a recipe for parity with Gold. I read this week that AI research believes the state of Nevada is a geothermal tectonic hotspot that remains undiscovered and untapped.

I’m impressed, you have a point there. Silver is being used up in ways it can’t be recovered or reused, even in medicine.

A solar panel costs ~$80, and contains about 20gm, or two thirds of an ounce, of silver. $40 of silver. That is a huge proportion of the cost. If the silver cost rises to $400 per panel, existing silver substitutes, resulting in slightly larger panels for the same output (i.e. less efficient) would be the standard long before it got there.

Likewise with batteries. Apparently the Samsung battery pack would us a kilo, 31oz, of silver. Currently $2,000 a battery pack, new price $20,000 (before manufacturing costs which include cobalt, nickel, copper etc.).  No deal.

$600 is only sustainable if it is for investment purposes, as protection against currency debasement, debt default, yada yada yada, and I’m happy with that thought.

Looks like the writing is already on the wall. Actually more efficient than silver.

https://taiyangnews.info/markets/sundrive-raises-new-arena-funding

Count your wealth in OUNCES.  SNG

I’d rather hold silver than gold any day. I think it’s far easier to get rich playing silver than it is gold. That’s just my experience from trading for 25 years. Just keep in mind that all of the gold in the world is still sitting around in bank vaults and I don’t think they can say that about silver. In fact, I think that’s why Fort Knox is so well guarded-b/c there ain’t jack shite in that building. So you know, even if we just play the government’s CPI inflation game and we look at Silver’s High in 1980 that’s $196 in today’s dollars…..and you know there’s been at least five times as much fake money made since 1980. These assholes won’t stop printing until after the collapse

If you using houses and silver follows through the  that might depend on what the price of a house is a few yrs from now will be. They are simply too unaffordable for the working class figuring in the rising costs of taxes and Insurance. Riding property taxes and insurance alone along with utilities and maintenance not counting their other expenses, car insurance, gas and  maintenance, medical and medicine,  food, Internet or phone even without house mortgage and paid off  has already caused a hardship on retired or fixed income because of the ones who ran up the prices.

A simpler version of continuing to buy silver and gold today at this point is having some savings that will hold value in a dollar collapse that a ounce of silver will still buy you the same amount of eggs or gas tomorrow as it cost today but those dollars you saved it will cost you a lot more.

So perhaps maybe, your evaluation might come in handy using a house at that time to gauge the price  depending on who’s in power because maybe like Venezuela it might be worth more than a house just for one ounce but who would want to live there you can’t put a price on.

The reason $600 is opennly spoken about is down to the TA picture….which projects a v fast rise to such prices, when u break up from a Saucer base, the move is very quickly parabolic……

There is serious TA method behind such a target…..though as it is impossible to build the Point and Figure chart, to get a precise target …which is why …the targets are so wide.

FWIW, the company is holding an emergency meeting of shareholders to try and get approval for a reverse 1:7 reverse split…….

Now we know why they want a vote, because they’re already dipping in the money for themselves and want the other nations to bail them out and get them on the hook too for the missing money. Seeing what they tried to do as far as pulling us in their quicksand of a war they want to start, finance it and fight it too that’s not all they’d put them on the hook for either.  They even went as far as pulling  voter fraud by trying make Hungary’s no vote not count. I’m glad to see other nations finally get out of their comfort zone and step up and out of that quicksand they’re pulling them in playing group think of the group don’t think for themselves.  If their own people can’t even trust them why should they. They left the stolen Russian assets in the wrong hands. The level of greed these people has only one end, their end and anyone that gets pulled in with them

I can see how that is possible. Back around 1980, ($49 dollar silver) $1000 face value junk silver bags were up to $35,000 each. Houses were costing $25,000 to $40,000 so a Silver bad bought a house.

Today? If Silver got up to $600? There are 715 troy ounces of pure silver in a $1,000 bag. So 715 times $600 Silver would buy a $429,000 house.

Houses around here are about $700,000. So it would take $1000 Silver to buy a $715,000 house. $1,000 times 715bounces in a bag.

What do they know?

and I do. I get a little nervous when people are calling for $600 silver. Hard to see that just as a supply issue. Maybe in combination with a much weaker dollar.

What do you all think?

BTW – the CEO of Redfin was interviewed and he had a really negative outlook on real estate. That is something I always hoped to see, rising pm’s and falling R.E. but I hope there’s a long to go for both.

The Silver Squeeze Is 100% Coming: Will Samsung’s Battery Breakthrough Devour the Remainder of the World’s Silver Supply?

A perfect storm is brewing in the silver market. It is a storm that will be driven by a tsunami of industrial demand, a tsunami that will be so powerful that it will overwhelm the world’s ability to produce silver. And it is a storm that will send the price of silver to levels that are unimaginable today.

For decades, silver has been the forgotten precious metal. It has been overshadowed by gold, and it has been dismissed as a mere industrial commodity. But all of that is about to change.

A technological breakthrough in the electric vehicle industry is about to unleash a wave of demand for silver that will be so massive that it will consume a significant portion of the world’s annual production.

And that is just the beginning. The solar industry is already consuming a massive and growing amount of silver. Have a look at the chart below.

And when you add in the demand from the military, from the A.I. and robotics revolutions, and from the rising consumer class in Asia, you have a recipe for a supply crisis of epic proportions.

The question is not whether the price of silver will rise. The question is how high it will go. And the answer is that it will go much, much higher.

The world is about to discover that silver is not just a precious metal; it is the most indispensable metal on the planet. And the price is about to reflect that reality.

The Solid-State Battery Breakthrough: A Game-Changer for Silver Demand

Samsung has developed a new solid-state battery that is set to revolutionize the electric vehicle industry. This new battery offers a 600-mile range, a 20-year lifespan, and a 9-minute charge time. It is a game-changer for the EV industry, and it is a game-changer for the silver market.

The reason is that this new battery uses a silver-carbon composite layer for the anode. And according to estimates, there could be as much as (5) five grams of silver per cell in Samsung’s solid-state batteries. A typical EV battery pack contains around 200 cells, which means that each vehicle could require about 1 kg of silver.

To put this in perspective, global car production stands at about 80 million vehicles per year, on the low end. If just 20% of these vehicles were to adopt Samsung’s solid-state batteries, the annual demand for silver would be around 16,000 metric tons.

This would represent a significant portion of the current global silver production, which is approximately 25,000 metric tons annually.

And this is a conservative estimate. The penetration of solid-state batteries into the auto industry could be as high as 50% or greater in the coming years. And that means that the demand for silver from the EV industry alone could consume the entire annual production of the world.

The silver market is simply not prepared for this level of demand. And the consequences will be explosive and far reaching.

Let’s Dig Into The Following:

1. The solar industry (which accounts for 15-20% of all silver demand) is in a race to reduce its silver consumption due to high prices. But the reality is that there is no viable substitute for silver in solar panels. And as the world transitions to a green energy economy, the demand for silver from the solar industry is only going to grow rapidly!
2. The demand for silver from the EV and solar industries is just the tip of the iceberg. There is a multi-front war for a finite resource that is about to erupt.

   The military, the A.I. and robotics revolutions, and the rising consumer class in Asia will all be competing for the same, limited supply of silver. And this is a competition that will have only one winner: the price of silver!

3. Here is the part that makes this crisis truly existential: all of this massive new demand from solid-state batteries, solar, A.I, robotics, and the Asian consumer boom is being layered on top of a silver market that has already been in a supply deficit for five years, going on six. Truly think about what this means for what is coming!
4. And THE FINAL WARNING. The world is on the brink of a silver crisis that will be unlike anything we have ever seen. It is a crisis that will be driven by the unstoppable forces of technological innovation and green energy, and it is a crisis that will be exacerbated by the financialization of the silver market. This is your wake-up call!

and buying platinum and palladium. Plat up $57, over 3%

Oil all the way down to a $55 handle.

Volatile day for the pm sector.

Didn’t realize they put the jobs numbers out this am. Better than expected +69K vs. +30K expectations.

Retail sales also beat.

No Christmas rally yet so far this year. Will be interesting to see how things go next week as volume falls off a cliff.

Lord Bebo
@MyLordBebo
·
Dec 15
🇪🇺🇷🇺 7 out of 27 EU countries are already opposed to the expropriation of Russian assets. Any attempt to push through this decision will cause a serious rift within the EU — Euractiv

🇧🇪🇭🇺🇸🇰🇮🇹🇧🇬🇲🇹🇨🇿: Belgium, Hungary, Slovakia have been joined by Italy, Bulgaria, Malta & Czech

https://x.com/MyLordBebo/status/2000536465399333121

Basil the Great
@BasilTheGreat
·
5h
In many European countries you will find nice little farm shops like this one in the Netherlands 🇳🇱

While people are t work on the farm they have a trust system where people leave money in return for goods

https://x.com/i/status/2000871098137629014

Onyx Gold Returns 194 m of 1.8 g/t Au at Argus North, Including 28 m of 3.0 g/t Au and 24.1 m of 3.7 g/t Au

https://finance.yahoo.com/news/onyx-gold-returns-194-m-120000383.html

Ukraine’s Anti-Corruption Investigation Appears To Be On The Brink Of Implicating Zelensky

The New York Times’ recent report about his government’s responsibility for the worst corruption scandal in Ukraine’s history suggests that the walls are closing in and his foreign media allies are jumping ship out of desperation to retain some of their credibility after years of deifying him.

https://www.zerohedge.com/geopolitical/ukraines-anti-corruption-investigation-appears-be-brink-implicating-zelensky

Considering that silver was beaten down to $62.12 in the overnight markets and now all the way back up to $63.70. Gold was down $30, now up $23.

Shares continue to be solid, not off to the races, but not down yet.

Who knows, maybe we’ll hang in there. No doubt the strength is on the Crimex today. Still a battle though, they aren’t going to let us run. We’re getting hit while I type. Silver back below $63.50

Interesting viewpoint!

Shares don’t look that bad in the premarket. Course, they sucked yesterday when they shouldn’t have.

Never know with this stuff.