7 signs of emerging silver shortage

I'm through taking these types of articles seriously. Whatever happens in the silver market will happen regardless. If there is a silver shortage, good for me, if not, so be it, I doubt there's a huge downside (i.e. silver will almost certainly never go to zero like some paper investments do).

That being said I'm not selling any of my silver until one of these things happen:

1. 2015 comes around and silver is at or below $35, or
2. Silver spikes upward of $50, or
3. Some other asset is ridiculously cheap compared to silver.

I now read sites like King Word News for the entertainment factor.
 
I've read these stories/claims from back in march 2011 till now, and instead of hurrying to get the last silver out there, I twiddled my thumbs till the price dropped $18.. $7.. $16... $5... $7.5 ... $5. I know them all, because everytime after those drops I bought the silver that wasnt there.
..
 
Pirocco said:
I've read these stories/claims from back in march 2011 till now, and instead of hurrying to get the last silver out there, I twiddled my thumbs till the price dropped $18.. $7.. $16... $5... $7.5 ... $5. I know them all, because everytime after those drops I bought the silver that wasnt there.
..
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You brought the silver that wasn't there? You must buy paper silver
 
DanielM said:
Pirocco said:
I've read these stories/claims from back in march 2011 till now, and instead of hurrying to get the last silver out there, I twiddled my thumbs till the price dropped $18.. $7.. $16... $5... $7.5 ... $5. I know them all, because everytime after those drops I bought the silver that wasnt there.
..
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You brought the silver that wasn't there? You must buy paper silver
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Some claimed that there was a shortage, so I must have bought silver that according to them wasn't there...
 
SilverSale said:
http://seekingalpha.com/article/1122961

Make of it what you will, but worth a read. Not enough silver available in China to make iMac's?
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Other articles report that it is not a silver shortage, rather technical issues with it's "welding" process and a delay in laminating. No mention of a silver shortage as being the reason, in fact, a google search of "iMac silver shortage" returns results saying "rumours".

Ya gotta love the PM Propaganda Party, rumours, innuendo, secrets and sometimes, just damn lies. :/
 
My comment was in relation to her lie. I have not researched the validity oh her other statements, lets assume tjere is less above ground silver than gold for a moment, you must agree at the very least then, that her statement is a half truth at best.

And therein lay my point of contention.
 
salty lemon said:
mmm....shiney! said:
Thanks vc, a good example of the lies peddled.

But remember, it is a fact that there is less silver than gold
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BS!
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Is it BS that there's less above ground silver than gold?
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Noting that this factor means that any potential for re-monetisation of silver is consequently much, much less than the potential re-monetisation of gold. Monetisation is the key variable underpinning a dramatic step change in relative purchasing power and the potential for the GSR to go back to a sustained sub-20 ratio (as we've discussed before).
 
they don't write a good silver shortage story like the good ole days but BHP results are out and grades at cannington are dropping.

Lead/silver Lead and silver production was lower than all comparable periods and reflected lower head grades
at Cannington (Australia).

their silver output is down 22% qtr on qtr and 12% half on half. 17,722,000 ounces for the half.

edit

it was supposedly the world biggest single silver producer?

http://www.mining-technology.com/projects/cannington/

Cannington is the world's largest single silver producer, representing about 6% of the world's primary silver production, while its lead production represents about 7% of the world's primary lead output. The lead concentrate contains 70% lead and over 3,000g/t silver with low levels of impurities. Long-term contracts for concentrate sales have been agreed with Pasminco (now Zinifex) in Australia, Metaleurop in France, Berzelius in Germany, and various smelters in Japan and Korea Zinc.
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It's people that pay prices that were caused by free dollar seekers that make sure that there is no shortage of silver.
If I had bought silver in all the price uptrends I've seen, I'd probably had held 33% less silver of the market.
 
Silverthorn said:
they don't write a good silver shortage story like the good ole days but BHP results are out and grades at cannington are dropping.

Lead/silver Lead and silver production was lower than all comparable periods and reflected lower head grades
at Cannington (Australia).

their silver output is down 22% qtr on qtr and 12% half on half. 17,722,000 ounces for the half.

edit

it was supposedly the world biggest single silver producer?

http://www.mining-technology.com/projects/cannington/

Cannington is the world's largest single silver producer, representing about 6% of the world's primary silver production, while its lead production represents about 7% of the world's primary lead output. The lead concentrate contains 70% lead and over 3,000g/t silver with low levels of impurities. Long-term contracts for concentrate sales have been agreed with Pasminco (now Zinifex) in Australia, Metaleurop in France, Berzelius in Germany, and various smelters in Japan and Korea Zinc.
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seems they've been dropping for a while. a couple of years back they did 12,152,000 ounces for a qtr. makes me wonder if cannington is still the biggest silver producer now.
 
HSBC Buying KGHM Silver Bars

HSBC has quietly moved into acquiring large amounts of silver bullion.

The bank has secured another deal to buy silver bars from KGHM which brings their total purchases of silver from KGHM alone in the last 12 months to $876 million or PLN 3.65 billion.

KGHM is one of the largest producers of silver in the world and is the second-largest producer of refined silver in the world.

They produce silver bars registered under the brand KGHM HG that are attested to by "Good Delivery" certificates issued by the London Bullion Market Association and the Dubai Multi Commodities Centre.

Listed metals producer KGHM signed an estimated PLN 1.67 billion deal on 2013 sales of silver to HSBC, KGHM said in a market filing yesterday.

The deal puts the total value of deals between KGHM and HSBC in the last 12 months to PLN 3.65 billion or $876 million, the filing read.

The Management Board of KGHM announced that on 21 January 2013 a contract was entered into between KGHM and HSBC Bank USA N.A., London Branch for silver sales in 2013.

The estimated value of the contract is PLN 1,672,260,469.66. As a result of entering into this contract, the total estimated value of contracts entered into between KGHM and HSBC Bank USA N.A., London Branch over the last 12 months exceeded 10% of the equity of the Company and amounts to PLN 3,654,120,061.59.

The highest-value contract signed during this period is the above-mentioned contract. The criteria used for describing the contract as significant is that the total estimated value of the contracts exceeds 10% of the equity of KGHM.

KGHM is one of the largest companies in Poland and one of the largest mining & metallurgy companies in the world.

The main customers of Polish silver in recent years have been the United Kingdom, Germany and Belgium. HSBC appears to be one of their main customers now.

Respected and erudite, James Steel, the chief commodity analyst at HSBC Securities (USA) Inc. continues to be bullish on silver and recently said how "silver tends to track gold, except it over performs in a bull market" and how he was "moderately bullish on silver" in 2013.
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http://www.zerohedge.com/news/2013-...-secured-hsbc-–-buys-876-million-worth-poland
 
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