Is silver really under supplied?
As you probably know I am accumulating silver for more than a year now. Honestly, I am not one of those peeps expecting a huge silver run to the moon any time soon.
It's just more of a hobby for me and any future profits would be a nice bonus. And I guess I also do it to have a fail safe in case of a full blown out doomsday monetary collapse. Let's be honest, if that happens, nobody will care about our silly bags 😂
Anyways, I was doing some research on silver today. My bag is getting heavier and heavier and at this point it only makes sense to know more about it and its "tokenomics". Lmao.
So here's something interesting about silver I learned today.
Since at least 2021, silver demand outpaces the actual supply. 2023 is still not over but here are some numbers about 2023:
Global demand for silver rose by 18% last year to a record high of 1.24 billion ounces, creating a huge supply deficit, the Silver Institute said on Wednesday, predicting more shortages in the years to come.
The silver market was undersupplied by 237.7 million ounces in 2022, the institute said in its latest World Silver Survey, calling this "possibly the most significant deficit on record". source
Dunno how and if this is bullish but at least it gives me some piece of mind that my stack will at least maintain it's value. 😂
But...
A quick Google search reveals plenty other opinions that there is actually not much of a shortage and it's mostly a logistical problem. But these sources usually still agree in one thing. That holding silver is a good bet against hyperinflation and as failsafe against a doomsday scenario.
So what you think? Is silver undersupplied? Or is it just a marketing gimmick to pump sales?
P.S.: You may have noticed how my photos are getting a bit more artistic. I am having my wife teach me tricks and shit as it might come in handy in the future.. But more on that on a future post!
Posted Using LeoFinance Beta
You received an upvote of 80% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
I can tell from your Post that you're not giving our Common U.S. Coinage much Credit... After all, we "will" need to "make change" for our Silver and Gold Coins, Bars and Rounds...
I'd love to have more US silver coins, unfortunately I am from Europe and they tend to be way more expensive then I'd like. So most of my standard circulation silver coins are typically from European countries. I also have lots from Canada, dunno why but they also come for a good price.
I believe you can actually order directly from the U.S. Mint's On Line Product Schedule... You can also order some or our Common $1 Coins... If I'm right, they will increase 100 Fold in Spending Power...
How are the common coins any good? 🧐
Our Common U.S. Coins will be used to either Buy or Make Change for our New Product Line of Silver and Gold Coins... Our Silver and Gold Coins will Range from $1 to $100... Our Common Coins will range from $0.01 to $1.00... As you can see, our Common U.S. Coinage will be Perfect for "making change"...
Common coins are not printed by the Federal reserve, they are from the treasury department. It seems possible that they are not tied to the debt we owe to the Federal reserve.
Silver is much better than inflated Fiat... I think so, it will maintain it's value and possibly more peeps will buy..as Gold getting expensive > if not BTC or stocks than they gonna buy Silver bags.
Ahaha, i see the change. Photos Looks more eye catching now.
Silver is really a nice coin to have and am pretty sure you will acquire more bags to keep more.
well done, long term vision pays off
I am basically the same as you and of the same opinion. It's all just for fun for me, more coin collecting than silver stacking.
But that said, if we do face hyperinflation someday and this silver actually does come in handy—well, bonus!
I prefer we don't have hyperinflation. I do just fine as is 😂
Haha yeah me too
If the silver was undersupplied you wouldn't be able to get any for yourself. Big Fish would take it all before it reaches consumer market. I guess, the market prices already represent its real value
Yeah I tend to think like that.. but check some of the answers here :)
Those silver looks so lovely and shinning.
Wen showcasing Silver Dildo collection? 🤣
Now, exclusively on my only fans
Look at the cool artistry in those photos! She's teaching you some good shit! I don't think there's a shortage of silver but if more people take up stacking it could happen! Did you still want one of those Morgans? I have a few I'm not overly attached to.
Oh yes I want. I'll try to dm you tomorrow, super busy today 🥲
very artsy much wow :)
precious metals will always have value that's for sure
Like your mom!
I guess that's more of a compliment than insult so I'll take it :)
It's interesting to hear about your experiences with silver gathering as a hobby and as a potential fail-safe against a monetary collapse. The facts you presented concerning silver demand outstripping supply are undoubtedly significant, and it's great that you're conducting your own study to better understand the market. There are conflicting viewpoints on whether there is an actual shortage or simply a logistical issue, but owning silver can be a smart hedge against hyperinflation and a failsafe in uncertain times.
Chatgbt?
I use it for proofreading (not English speaking) and it did add some volume which I thought was good. My apologies if it offended you.
Not offended. It just felt like a robot wrote it
Thanks for the vote, appreciated.
Thanks for the report, @trumpman. Yes, I have heard, the World is consuming, exhausting, Silver faster than it can be found & mined. Consumed in the sense that it is burned up, gone, with no recycling. It is getting harder, to produce, since the easy Silver has already been scoffed up, mined, used, etc... If the math is accurate, 18 billion Silver Troy Ounces, available world reserve, shared evenly with an 8 billion world population, it's about 2.25 Troy ounces per human. Or less than three US Morgan Silver size, that doesn't really exist. Some Scientists say Silver will be the first element to go extinct. Gotta go, I'm heading up to the Local Coin Shop.
Just 2.5? Sounds pretty rare 😂
I've been following the Silver Institute releases, there has been a silver deficit for a few years leading to 2023. The announcement of a projected and widening deficit for 2023 is no surprise. The paper market is a scam, the physical is the real. Biden's Green plan is in jeopardy if they can't get the silver for his solar panels and electric cars.
But can the silver institute's numbers be trusted? Judging from their name... They are probably a bit biased 😂
That's why I also follow other sources like Andy Schectman, Rick Rule, Mike Maloney, Bill Holter, Turd Ferguson and a cast of PM opinions. heck, I've even listened to Bix Weir, would you trust a person with the name of Turd?
Lmao
Wao all these coins looks so beautiful and amazing. I am big fan of gold and silver. The way we are now seeing that the demand for the silver is increasing and this is a proof that the price will see a huge increase in the near future.
Silver is used in so many things now a days that as technology increases so does the silver usage. Medical supplies are a huge demand for it as well. Not to mention solar panels and electric vehicles. The batteries are silver cell batteries as well. Demand for silver will only increase over time and mining can’t keep up with it. Not that there still isn’t tons of silver below it’s just not as concentrated as it was before making it more work to mine.
You forgot dildos
Oops my bad…😭🍆
Don't you worry, silver is going to make you happy ;)
https://leofinance.io/threads/@alexvan/re-alexvan-2wrqgjz6w
The rewards earned on this comment will go directly to the people ( alexvan ) sharing the post on LeoThreads,LikeTu,dBuzz.
I think precious metals and especially silver have a lot of potential especially now that we're moving into the age of fully tracked digital currencies
🥳🥳🥳🥳🥳
Perfect wife ...
Yes to me silver is amazing and value is real and growing ...
I would say also the great thing is silver coins ..BUT also silver anything
These will be very valuable ....under gold you have silver.
Meh, she is ok
LOL
I don't know but know that logistics are a problem. There are probably a lot of areas where the cost of mining is greater plus transportation doesn't make it profitable. Only time will tell as technology makes that problem cheaper.
Hahaha, it takes a woman to get your photos to be artistic! Hurrah to the Mrs!!!
💕💕💕🥳🥳🥳
Hahaha, it takes a woman to get your photos to be artistic! Hurrah to the Mrs!!!
It's all a gimmick except for the fact that silver maintains value and that's what I try to teach my kids. I'm not going to get rich from my stack but it's a solid savings account and when needed there is always a market.
!PIMP
You must be killin' it out here!
@summertooth just slapped you with 10.000 PIMP, @trumpman.
You earned 10.000 PIMP for the strong hand.
They're getting a workout and slapped 3/3 possible people today.
Read about some PIMP Shit or Look for the PIMP District
This is exactly how I feel !PIMP senpai
You must be killin' it out here!
@trumpman just slapped you with 1.000 PIMP, @summertooth.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/1 possible people today.
Read about some PIMP Shit or Look for the PIMP District
I do think there is a perfect storm scenario for silver and it is not that unlikely. The support shortage is just a good base for that. Add that most of the silver bugs are hodlers and wouldn't all just flood the market to realize 2-3x gains. Especially if you look at the historic silver spikes most people will be rather patient and start selling when we see 5-10x.
Due to silver being vital in technology, I could see silver actually plateauing at 5x after spiking to about 10-15x. Gold/Silver ratio being at 80 is ridiculous given all the circumstances.
I would be super happy with a 5x. Pump it dev!