Lower industrial demand, lower silver price?

Discussion in 'Silver' started by TreasureHunter, Sep 15, 2019.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    It's logical that as the global industrial production slows down, the consumption of industrial silver will slip lower. Thus, lower demand will result in lower price.

    What do you think about this?

    Could it be that this time it's better to focus on gold stacking instead of silver?
     
  2. alor

    alor Well-Known Member Silver Stacker

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    we buy silver based on industrial usages
    we buy gold due to central banks keep them as traditions !!! reserves asset
     
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  3. silvstack

    silvstack Member

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    anyone read The Gold Warriors, by Sterling Seagrave? I read it a decade or so ago and although flawed (his research came up with some impossibilities) he presented compelling narratives about how Japan confiscated gold throughout Asia just as the Nazis looted Europe, and at the end of WW2 huge troves of stolen gold were hidden, often in the Philippines … it's mind boggling. But ever since reading that I harbor a notion that this large quantities of this looted gold can be introduced into the market to control the supply and price - that including the looted gold there's a huge glut, and that people will one day wake up and find their gold to be just worthless (like diamonds are now that they can be manufactured). anyone else have any notions about either hidden glut of gold or gold being no more than a tradition and like the emperor's clothes fundamentally worthless?
     
  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Worthless? Never. It will always have some value, just look to its history.
     
  5. alor

    alor Well-Known Member Silver Stacker

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    may be Trump had uncovered it, you know gold is so secret more than nuclear weapons know how
    it was true that a lot of gold were taken during Japanese occupations, and the loots of gold were shipped to the islands and hidden and trap doors set in places and buried
    many were silent together under the earth
    fortunately they never used metal detectors when they visit to collect their yellow rocks
    even if the gold is to be used as trade settlement, the US will not last more than 2 years to loose these gold anyway
     
  6. TreasureHunter

    TreasureHunter Well-Known Member

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    Dear Lord!

    Fiat money stripped of backing made gold seem of less worth, but not worthless.

    And it's actually fiat's depreciation that makes people turn back to gold.

    But what if "something new" appears and takes over fiat's place, drags gold down? That is a possibility.
     
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  7. TreasureHunter

    TreasureHunter Well-Known Member

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    Has anyone seen "He Who Finds a Treasure Finds a Friend"? I loved it.

     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    It's always good to have some gold, but the GSR favours silver. I have slightly more gold than silver by the way.
     
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  9. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    I feel that the industrial demand for silver is just ramping up! For instance, there is on average 20g of silver in one solar panel, and to think solar energy its self is in more demand globally! Just look at how many you see on houses in your street alone. Green energy will consume many millions of ounces in coming years
     
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  10. Slimey

    Slimey Active Member

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    Stop applying logic. You are dealing with people here....................apply supply/demand logic to ostriches in the 90's and you will come to the realisation that greed overlooks all reason.
     
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  11. SilverDJ

    SilverDJ Well-Known Member

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    Solar panel demand causing spike in worldwide silver prices
    https://www.sciencedaily.com/releases/2019/04/190417102750.htm

    But also:
    Amount of silver needed in solar cells to be more than halved by 2028, Silver Institute says
    https://www.pv-magazine.com/2018/07...re-than-halved-by-2028-silver-institute-says/

    So, :confused:
     
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  12. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    You can use copper as a mirror too but, it's not as effective as a silver one. Green energy will consume lots of silver When the world starts to go green
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I agree, every car should have a solar panel. The market for solar panel is a long way from saturation. We can have 30x more solar panels.

    Solar has proven to be a cost effective source of green energy in the long run.

    https://reneweconomy.com.au/wp-content/uploads/2017/01/ee.jpg
     
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  14. systematic

    systematic Well-Known Member

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    The price is rigged. Supply and demand do not apply as they should.
     
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  15. JOHNLGALT

    JOHNLGALT Well-Known Member

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  16. Oddjob

    Oddjob Well-Known Member Silver Stacker

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  17. classic

    classic Member

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    the blank coins section starts at around 2 mins 30 sec but the video is 10 years old lol

     
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  18. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Ta muchly. :)
     
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  19. JOHNLGALT

    JOHNLGALT Well-Known Member

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    You might try asking @bron.suchecki about it Mr. Oddie, after all he was a past aficionado at Perth Mint before a stint @ Monetary Metals U.S.
     
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  20. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Fair point JLG and I had thought about that, but maybe Bron had / has an NDA from his days with Perth Mint re commercial issues and I didn't want to potentially put him on the spot with such a question.
     
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