Lower industrial demand, lower silver price?

Oddjob said:
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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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.
 
Slimey said:
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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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...
 
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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.
 
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.
 
Vw1972 said:
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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+ Supply of silver as byproduct from copper, lead mines will also drop in a recession.
 
^
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 :)
 
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.
 
^
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.
 
TreasureHunter said:
^
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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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.
 
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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
 
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
 
Ipv6Ready said:
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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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.
 
66rounds said:
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.
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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.
 
sgbuyer said:
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.
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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.
 
66rounds said:
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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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.
 
sgbuyer said:
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.
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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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