The NEW Silver Shortage! So What! WHO CARES?

The NEW Silver Shortage! So What! WHO CARES?

yet another silver shortage a new one
are you kidding me it seems like there’s
an endless supply of silver
shortages do we really care at this
point but we’ll try to assess it in this
video as we
explore so let’s break down the new
silver shortage as disguised by a report
from Metals Focus uh that reports to the
silver Institute I’ve actually touched
on that report in a recent video but
it’s the Same Old Situation it is that
there is not enough Supply to meet
demand which essentially means that
there’s a deficit which means that yes
there is an official silver shortage but
what does that really mean I believe
semantics are important even though I’m
not certainly the best Wordsmith when
things for sure I do like to be at least
somewhat precise in some of the language
that I use so I think it’s a good idea
to to Define some terms here because
I’ve talked about it before rather
Loosely in the past but when it comes
down to it we have to understand that
there is shortages in supply of a lot of
different things in the supply chain and
we’ve seen that uh come to fruition in a
dramatic way during the uh pandemic so
now here we are and there are shortages
everywhere and anywhere but what does it
really mean it’s a shortage of Supply or
a shortage of part of the supply chain
supply of a certain aspect of a certain
product in other words is there enough
rubber to meet the demand for tires or
they having trouble manufacturing tires
is there a glut of rubber but they don’t
have enough actual tires because they
can’t produce them fast enough that’s
the kind of nuance you have to take a
look at in the supply chain I think by
and large considering that silver is
mostly an industrial metal I think that
is part of what’s Happening Here is when
we think of a silver shortage most of us
immediately think about well there’s not
enough silver in the ground they can’t
mine it fast enough to meet demand and
we’re running out of it there is limited
Supply there’s only so much silver that
you can mine out of the ground
and we will deplete our resources of
silver in the ground at some point when
will that happen if there’s a silver
shortage does that mean it’s going to
come sooner rather than later well
likely not because most of that really
just means that um there is a a glut or
a bottleneck in Supply in the supply
chain and and not enough to meet certain
aspects of the demand that is perceived
to come but there’s surprises
that can also make the way into the
supply chain and I reported on this
earlier as well that there has been
times where recycling has really stepped
up because there’s a lot of silver out
there it’s just in different hands
you’re looking at in front of you over
100 oun of silver that could very easily
take uh and have it and sell it and
could even be refined and utilized to
meet some of that demand now most of
that kind of silver is going to be in
the form of silverware jewelry and other
items that already have silver in it and
then it’s just recycled back out of it
again and they are getting better and
better at recycling silver no question
about it which means that recycling is
likely to pick up instead of slow down
as more and more people turn in their
silver in the form of old jewelry uh
silverware and electronics you were
going to see um um that Supply crunch
not be as crucial and then you have the
silver that you use for investment or
what they referred to as investment most
of us like to consider it as a hedge
against economic in instability we stack
it this is silver that’s not on the
market I’m not going to be selling it to
be to be refined and to be utilized for
electronics or to meet that demand and
more than likely you won’t either so
that’s silver that’s off the market
indeed however there’s still still not
enough of it because how much of that is
actually utilized for uh stacking for
investment purposes as they call it it’s
only about 25 to
27% and of course if you count jewelry
and and other items you can probably get
up fairly close to U you know 40 40 some
odd percent but a lot of it is used in
in in industry and then jewelry is kind
of that uh that that crossover Market
and silverware is picking up in some
cases of course a lot of those um are
going to be meeting Indian demand um and
how much of that will continue to flow
from family to family I don’t know but
the thing is supply shortages um are
really have to be properly defined to
really understand because just because
there’s a supply shortage it does not
mean that that Supply will not be met
down the road with either newly mined
silver and a lot of it is being mined
still to this day even though it’s
falling off a bit and by the way that
does not mean that we’ve reached Peak
silver production either uh it just
means that um considering what’s going
on in the mining sector and the
discoveries that are made and the demand
for it especially with uh the economy
kind of teetering now uh we could see
less demand and less silver being
produced and with the prices where they
are now it’s really not as profitable
for mines to produce as much silver and
that’s why there’s that that question
who really cares because we keep hearing
about these silver shortages but it
doesn’t really have to have a massive
impact on the price uh which is
remarkable and in a sense when you think
about a metal like Platinum which is a
whole lot more rare than gold um and
it’s only produced really in two of
major regions of the world and those are
not the most stable governments or you
know either that or their
sanctioned uh you would think that metal
would be a lot higher
too which means that silver and silver
shortages does not mean that silver is
going to go to the Moon uh or it’s going
to Skyrocket in price and so when you
ever hear about my Channel or other
channels talk about a silver shortage
keep that in mind in fact I’m telling
myself I’m pointing back at me as well
as pointing at you cuz I’m right behind
where this finger is right now that I
got to keep that in mind whenever I talk
about silver shortages in in in the
future to Define exactly what that means
and how long it will last and obviously
these silver shortages that we’re seeing
now confirmed for the third year in a
row don’t mean much of a hill of beans
and in terms of the price performance of
silver it should be a whole heck of a
lot higher than it is now if you
interpret it broadly based off of that
report and how accurate is that report
report there was some that will say
there well there is no silver shortage
but there’s no silver shortage where and
where is the Silver shortage for those
who claim that it is uh enough silver to
meet fabrication demand in a myriad of
different products where if we hit a
recession that means there’s going to be
a glut of silver and then the price is
going to go down and there’ll be less
mining of it and that’ll bring the
supply back down too but it won’t matter
because even if silver Supply dwindles
and it goes back to me demand the price
is going to be so low it kind of won’t
matter and that’s going to discourage a
whole heck of a lot of stackers and
they’re not going to be stacking as much
of it in fact I dare say that uh to
broaden the question out even wider is
many of you silver stackers have wisened
up to this and have not been stacking as
much and that is what they’re saying is
there has been mediocre demand for
silver products out there now we sort of
live in our own little bubble here in
the silver Community because we’re
hearing about people buying I’m buying
the dip I’m going to make a purchase
here I’m going to make a purchase there
and by the way myself included I’m still
buying some silver uh not quite as much
as as before obviously but I you know
I’ll grab an ounce or two or you know uh
something like this that I just
purchased recently a beautiful piece
indeed there’s a story behind it that
involves yet another silver coin I
bought as well uh and uh so I’ll I’ll
talk about that probably in a different
video but the point is is that you know
when it’s all said and done no matter
what people say no matter what the pin
say even official reports you know which
official report are you going to believe
what’s the agenda behind that report
most everybody has an agenda right I
mean even my channel has an agenda uh
but part of that that agenda I’d like to
at least I’d like to think is to try to
inform you to give you a balanced
approach to Silver but you know I I’d
like to grow the Channel you know I’d
like to get more subscribers in fact if
you do like the information that I
provide you here hope you would consider
subscribing to the channel if you
haven’t done so already and if you enjoy
this video maybe press that like button
down below but I think it’s in uh my
best interest to be as uh as fair-minded
and as balanced with regards to Silver
uh as possible and when I say that uh
I’m not talking about um you know
balance in terms of being pro or con
silver I’m always Pro silver no question
about it that is the precisely the
motivating the motivating factor is to
why I like to have a balanced approach
to it because in the end silver sells
itself and silver products like this
that have a great level of detail are
beautiful and you know have a very low
premium above spot you can’t go wrong
with something like this I love pieces
like this I think that’s nice you know
and uh but you know and and it’s just
and it will preserve your wealth over
the long course of time if you hold it
long enough and buy it utilizing dollar
cost averaging at the very least and
enhance it away a bit then you’re going
to do okay you are going to preserve
your wealth in fact heck I like silver
so much I even had a round my own rounds
made out of it you know it would be
fooled for me to slam silver when I have
my own silver round right available at
JM buan um so it’s it’s a it’s not uh
something that um that I take lightly uh
I believe in the metal that much U now
there’s there’s I think there’s a way
there’s a wrong way to buy it and
there’s a there’s a right way to buy it
there’s a wrong way to sell it and
there’s a right way to sell it but
there’s no wrong way to hold it no
question about it well I guess you you
don’t want to store it in a in a place
that’s got a lot of sulfur unless you
want to tone your your your silver or
you don’t want to store it in an oven
that’s over 2,000 degrees all the time
it’s going to melt it maybe even
evaporate the stuff or it’ll be you know
just dissipated throughout your stove
and those are probably not the best ways
to store but otherwise it’s good to hold
it there’s no wrong way to hold your
silver so and that’s what I want to
encourage you to do here in spite of all
the hype including any unintentional
hype you might hear from this channel uh
so just keep that in mind uh when you
hear about this new silver shortage as
it’s going to be reported on more and
more I’m already seeing more and more
reports on this based off this Metals
Focus article but there’s other um
sources as well too that are behind pay
walls and other claims and other data
points you have to take into into
consideration as well with regards to
Silver uh are there bottleneck in
production are is there a shortage of
certain silver products uh yes there
will be and that’s always been the case
at least to some extent throughout
history and will continue to be the case
but in the end we just press on and we
stack on based of our understanding and
uh and our and our um appreciation of
this medal and what it has done for
years for us so hope you found this
video informative insightful and
educational would like to extend a
multitude of gratitude to each and every
one of you for taking the time to watch
and encourage you to please rate share
comment and subscribe
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