But let's just say that based on mine, it got cut in half.
What would that do the silver Supply?
Well, it's you be huge because again, the bulk of silver comes from
base metal, mining not from primary silver producers.
So actually a contraction in mining.
Generally speaking is more bullish to Silver that it is any other
metal.
There's a lot of things, I mean, but you know, buying pressure is
primarily it.
And the other factor that we haven't talked about much is, you know
how much rehypothecation Silver's out there.
In other words, you know, multiple ownerships on the same bar.
I don't want to go down that Rabbit Trail.
Let's focus on the demand side and extend the assume everything is on
the up and up.
So if we do that, we have a basically We announced a year Market about
850 from mining worldwide and about 150 million ounces from
excitement.
So Brown numbers, 1 billion, sometimes over that, I think once or
twice and it's been under that the last few years, but it's a good
round number.
So all that 50% is industrial silverware and juries another 25%.
So that's 75%.
That's is gone every year and then about 10% right now is goes to to
solar.
So we're down to 15 percent is what you call what I would call the
open Flow which of course is is investment demand.
And then, of course, we get into whether the amount of silver on an
annual basis is in a deficit or not.
In other words is more investment demand for silver than has been
mined in that particular year.
So if you look at that part of it, that Is 150 million ounces?
15% of a billion.
150 million ounces.
You can go back to you and you I'm doing this from memory.
So check my silver Guru status, but I'd say conservatively over on a
good year.
You'll have a hundred million ounces that come from a retail alone
they do for I mean on a good year, you have 40 million just silver
eagles, not counting the other Sovereign mit's not counting silver
rounds, not counting 10 ounce bars hundred ounce bars kilo bars and
all the other investment demand that comes from the retail side.
So if Actor and I would take it serve 100 million ounces that leaves
about 150 million ounces to be available to let's say institutional or
larger investors could put it in those terms doesn't really matter.
I mean it's available for anybody but my point is getting to your
question.
Someone with some Deep Pockets that wants to buy silver.
There's just really not them there and it would take You know what is
it?
Take about a billion dollars I guess to basically wipe out at 20
dollar silver that Float On Any Given year and there's never been that
kind of weather has been that kind of demand in 2020.
We saw double that demand, which saw 320 I think it was Million ounces
that went into the ETF, see GPS and 2020, the largest influx of silver
in do investment ever.
From from the institutional side and on top of that it was a good
year.
Retail was 200 million ounces in retail low.
Not taught, you know, counting the bigger dusters I just mentioned 320
said 520 million ounces that were used as investment for 2020 in the
silver market.
We went from 18 to 28 pretty quickly and of course now we're back down
to 20 as we all know.
So my point is that someone is going to just play with the ETF.
The GPS I'm not trying to discount them too much but I wanted this
countdown.
Someone was to come in and play hardball and take physical metal and
probably stored outside of the exchanges and they private Vault.
For example, it wouldn't take very much to move the silver.
First of all, this woman from Texas, I mean, with her ability to see
what's coming and protect, you know, some of her wealth in Real metal
is, you know, it's a given and many people that are of that caliber do
it, but they don't really talk about it.
And I commend her for being willing to let handy and and Bill Holter.
I know the both quite well actually talk about it.
So a lot of people are not leaders or followers and so, you know,
you'll see more more and more come into it is a two channel side.
It's depends.
I mean, I remember early on, in my speaking career being in London
that one of the one that shows and one of the fund managers came up to
me and basically said it was just too small a market for him to put
any real money into the silver market and he walked away.
I was real frustrating.
And I, and it was very early on in my speaking career and I have a
perfect report after he left the table and as well, was it too small
for?
Warren Buffett, you know, Buffett bought 129 million ounces, but think
about that, you know, going to that hundred and thirty million ounces
of around number 120.
9.7 now Buffett bought that is you know a good retail Market these
days and it's less than half of what was invested in 2020 - attention.
So, you know, if you want another Warren Buffett,
I have to go back to 2020 and look at, what would into the ATP.
Is to get an idea of how much demand of can be in the silver market.
My point is with that antidote.
Is that there are, you know, there's so much Funny Money sloshing
around.
It's mostly going to be retail that goes into it because the larger
institutions are going to go to Gold.
It's a much bigger Market relatives or Market goals.
Extremely small, you might see like, Bill Gates, See what had American
silver, very early on due to a fund manager that basically convinced
him of the Dynamics of the silver market and there will be much
enthusiasm once the run to Gold starts at artist should have a lot of
it will spill over the silver.
Silver will outperform, I'm convinced it always has the reason it
wouldn't this time especially just on the industrial side and one more
point.
That I've got from a member of Premium member recently, and he said,
well, you know, your industrial arguments pretty strong but with the
contraction of the global economy that you keep talking about, isn't
that going to curtail industrial demand for silver?
The answers?
Yes, yes.
And it's a tough answer.
Yes.
And generally speaking because I'll be less less, widgets Bill less
things made of silver.
However there's more demand.
On the solar side, whether they balance out or not, I don't know.
But what is the point that will curtail copper mining lead, zinc,
mining 10.
All your other base Metals will not be mined as heavily as they have
been in the past due to the contraction.
And that's actually a bonus to Silver.
Because 70%, as a result of Base metal mining.
So if you factor just for a thought experiment and not said it's going
to be this hard, but let's just say, Say that base metal, mining got
half.
What would that do the silver Supply won't?
You be huge?
Because again, the bulk of silver comes from base metal mining not
from primary silver producers.
So actually a contraction in mining.
Generally speaking is more bullish to Silver that it is any other
metal.
Because, again, it's a byproduct metal, that 70% is only 20% would be
a big deal.
Let's it's Lion's Share of the market is a big.
So I want to make that point.