The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
YES!!!! This is what I'm saying seer! Global silver reserves from 10B oz down to 1B........rock bottom silver prices the last few years has only seen declining brown/greenfield exploration. Serious supply problems brewing just on the horizen! IMO you're pretty brave being all-in here though, unlikely short term bad news from Inmaculada could mean.........personally my miners are spread between here, fres (new mine coming online) and first majestic on tsx (for a little extra currency protection if the pound goes tits up). ATB with your plan though mate. GLA, cheers for the research
Technologies increasing exponentially and with it the uses for silver, we've been running a silver deficit for at least a decade. Above ground supplies are getting very low indeed and we have no viable alternative. Chuck in a bit of inflation and I'm expecting (hoping) it actually overshoots $500 before settling back around there. I do realise how crazy the call sounds and believe me I don't fancy living in a world with $ 500 silver but.....
I'm only a keen amateur so a little under qualified to answer but from what I've learnt there certainly are applications that 'use' silver. The main reason it's not recycled of course is the low value per oz making it uneconomical. However if even 1/2 my crazy prediction comes to fruition I'd expect many new silver recycling companies will pop up and be extremely investable. Forget grannies old silver spoons, entire rubbish dumps will be turned over looking for scraps of electric anything to scavenge a gram of silver from. The suppressed price of the last few years means new mines and green fields have not been explored so there's an even greater deficit just around the corner. As exciting as it may sound for a silver investor, believe me you do not want to live in a world with $500 silver as something needs to go seriously wrong with the system at large. We'll get paid but everyone else will be fighting for a loaf of bread. ......hope it never comes personally, although pretty sure it's on the way :/
HahAh thought you'd appreciate that one mate ;). I'm obviously ignoring the paper price as I think there will be a disconnect with the physical price - manipulation by the big players is no longer conspiracy theory as they admitted to it, we've been in a physical deficit for over a decade now and the exponential rise of technology is only using more and more silver......there's plenty of nutters in the gold $10k oz bracket who think silver might just go to parity. .....I can dream :D
Welcome aboard Winstonwolf, provided our recent issues are quickly resolved I think you've picked the best UK listed PM miner for long term gains. Check out first majestic silver on tsx if you want to benefit a little from a weakening pound too, believe I gold advisor has mentioned them as one to watch. If you want another level of tech analysis beyond I gold then try francis hunt on you tube, he really is the boy. $30 silver optimistic? ? I'm going to be a crucified ramper now then when I say I believe clif high Web bot reports when he says it's going over $500 reasonably quickly! ! Gla long and strong :)
Seer I don't follow the builders as much as I should, I like the theory though and will look into it Too often I land on the side of ****ery by the big boys - PM'S look super strong this year and the big players like cheaper entries, if you're BFFs with the mms then things can be arranged. ........could easily be wrong on this though
Ah yeh I see what you mean about both slopes falling, ty mate Guessing when Gedabek drill results are updated will be the catalyst for the breakout, which ever direction that'll be.....expected decent results though Also, HOC's missing off that list, surely has to be the best mid cap G+S play out there?