Lower industrial demand, lower silver price?

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

  1. JOHNLGALT

    JOHNLGALT Well-Known Member

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    We'll see. I put a live LINK in his name so he will get a Notification about it. CHEERS.
    I have seen a list on the Internet somewhere on several of the companies/Countries that they supply blanks to. I'd have to put my ASIOh hat on to find it though. LOL.
     
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  2. TreasureHunter

    TreasureHunter Well-Known Member

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    True.

    I agree that fear and greed move the markets. A lot more than industrial demand/market fundamentals/asset scarcity/production quantity etc.

    But there's some (very little) logic still... and it could break the equilibrium...
     
    Last edited: Sep 16, 2019
  3. TreasureHunter

    TreasureHunter Well-Known Member

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    They can bring it down with paper silver sell-offs...
     
  4. bron.suchecki

    bron.suchecki Well-Known Member

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    It is standard for any employment contract that you can't talk about your employers confidential business. Having said that, I think @JOHNLGALT is right, there is something out there by the Perth Mint mentioning that they supply blanks to the US Mint and it should be no surprise they supply other mints, small and large. Note few mints make there own blanks (ABC Bullion, Canadian Mint, Sunshine do) as it is the more complex part of the whole coin making process and there are private manufacturers of blanks as well, so it is a competitive market but also one that is subject to squeezes, see https://goldchat.blogspot.com/2009/01/why-are-there-not-enough-coins.html and http://www.kereport.com/2015/08/19/interesting-comments-bron-schecki-perth-mint/ which then affect finished coin supply.
     
  5. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Cheers for the direction Bron.
     
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  6. Vw1972

    Vw1972 New Member

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    If a recession sets in, industrial demand for silver will drop. The same time the demand ind the investment/coin/bar sector will grow.

    In the last crisis in 2007/8 we saw that coin/bar demand way exeeded the drop in industrial demand, and the silverprice went up.
     
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  7. TreasureHunter

    TreasureHunter Well-Known Member

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    Cheers, Bron ;)
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    + Supply of silver as byproduct from copper, lead mines will also drop in a recession.
     
  9. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    Obviously. And guess what: the sales of solar panels will also drop during a recession.

    Everything will drop. Everything. :(

    Well... prolly not everything: gold, silver, bitcoin (crypto-fiat) might shoot up :)
     
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  10. systematic

    systematic Well-Known Member

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    Crooked pricks just change the numbers ...
     
  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Silver was money before anything else so industrial demand is a bonus.
    Make sure you have yours before it's all bought up cuz that time will be acomin.
     
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  12. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    Yep. But people still create fiat money (like Bitcoin). I guess because people like to play with cards, in the casino... and with whatever else with no intrinsic value.
     
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  13. JOHNLGALT

    JOHNLGALT Well-Known Member

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    You said it there @TreasureHunter , just to add:
    1.) They can cremate people, poof & they're gone.
    2.) They can cremate paper fiat, poof & it's gone.
    3.) They can cremate oil, poof & it's gone.
    4.) They can cremate Gold & Silver, OOPS, it's not gone. There must be a lesson there.
    p.s. No copyright on the above.
     
    Last edited: Sep 22, 2019
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  14. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    Even if gold's and silver's price goes down a lot, you can still melt your stack make make it into some sort of jewelry, statue or other decoration... not by yourself, you can ask a craftsman or jewelry-maker.

    PM's have a lot more use than fiat or crypto :D
     
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  15. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Trying to predict supply (let alone demand) of X commodity is futile. Be it Soy or Silver

    Look at dreamy American farmers still planting Soy today hoping trade deal with China will be over and China will buy US soy next year,.

    In 2017 who in USA would have predicted Soy bean would be 40% cheaper than all time high of 2017

    Few US farmers are considering China already signed long term supply for Soy from South America and China needs less than 60% of Soy than it did last year due to swine flu.
    Plus Trump exempting many US Oil refineries from adding 10% ethanol have further reduced the demand further for soy and corn.

    For silver even without a recession over the last X years had current generation of panels used the same amount silver as first generation Solar panels, silver would be much more expensive now.

    2007 to 2016 silver mg per panel dropped from 400mg to 100mg on average. It is reported that it will half again to 50mg by 2026 at $US15 level.

    Early first generation zero silver panels are now being produced that are cost comparative.

    Nevertheless the number of cells produced was more than efficiency gain of less silver per cell supporting demand.

    But one day zero silver cell will be cheaper... what than for silver?

    Predicting demand or supply is just a guess
     
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  16. 66rounds

    66rounds Well-Known Member Silver Stacker

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    This is one of the main reason I have sold all my silver. Too many people hedge on its industrial value without any clue where industry will be in the next five or ten years.
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I've never bought silver because it has an industrial value although it's a plus. I've bought silver because they will ban paper money within 10 years and impose negative interest rate on bank deposits. Not to mention the possibility of bail-in.

    When that happens, people will flee to gold and they will re-impose GST on gold and possibly restrict or even ban gold sales and purchase.

    I still own slightly more gold than silver. Silver is to hedge against gold.
     
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  18. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Silver will replace cash in one form or another, even if its just as a bartering tool. In that case fractional silver will be the most useful, not 1kg bars or numismatic coins.
     
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  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    It will be crypto based. some kind of silver backed stable coin issued by corporations like facebook, paypal, google, amazon, credit card companies, etc.

    Look at my signature.
     
  20. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Very well could be, but then how will your physical stack help you in anyway? Will you walk up to the local crypto vendor and exchange your stack for digits in a blockchain?​
     
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