Somewhere along the lines, an article come out or a headline will come
out that some product you can't be produced because of silver, the
lack of silver and then I was going to wake up to the story, go.
Oh my goodness, silver is really important and once people wake up to
that, once investors wake up to that, you're going to have triple
digits over.
The metals have been under pressure gold.
You know, it's just recently but goals held up extremely well and we
talked about that a little bit further but silver has been under a lot
of pressure.
Copper's.
Broken down saying oils held up quite interesting.
I think oil and, and gold or telling us something about the future,
but in the meantime, we're all mining companies and, you know, we need
your the higher prices to really survive in this High inflationary
environment.
You know, silver is a very frustrating metal.
I put first, we gotta stick together, 19 years ago, and at the time,
the supply-demand fundamentals of silver were extremely fantastic.
And that's why I put together the company to and back then.
We didn't have electric cars in or solar panels.
Any great degree today.
We now to businesses that are absorbing 25% of the Mine Supply of
silver.
And these businesses are new businesses.
And if you look at what the animals are talking about, the growth of
those two sectors, we could be in a situation over the next five to
To ten years were these.
Two industries are consuming 50% of the world's supply of silver and
if that doesn't affect price, what will I've never looked at Silver
that way, you know I look at gold that way, you know gold is a
granddaddy of all currency and I would recommend that people have gold
in their portfolio.
Whether that's in the form of physical or, or mining stocks, you know,
stocks in a environment that we have right now, the Dow Jones down,
you know, five or 800 points, you know, at a time.
And I think the Dow is now down something in the order of 20.
Our percent that you're here today.
So, these are big moves, so that's going to affect stock prices in
mining sector as well.
But the metals, you know, there is a view that there's a recession
coming Gold's held out, boils held up, but they all the other metals
including silver have come down quite a lot.
Well, I don't think there's a direct relationship between
supply-demand anyways.
So you know, the headlines are the headlines and and headlines do
Drive price for sure.
Because the big institutions, your hedge funds, read these headlines
that you
Just read out and they make their trades according to those headlines.
But you can't tell me for a second that, that the deficit on silver is
being reduced in any way.
Silver consumption in 2020 to is going to be somewhere between 1.1 and
1.4 billion ounces of silver will see that number next year to, you
know, see exactly what it is.
But the minimum estimate is 1.1 billion ounces.
The miners are going to produce something in the order of 850 million
ounces this year.
So, that's a deficit of
300 million ounces at a minimum so we can't have these deaths that
year after year.
The government's are doing, you know how many governments are now
pushing solar panels.
You know?
It's as headlines every month, the government, trying to reach x
amount of output due to solar most people when they talk about ESG or,
you know, Green New Deal and so on Silver doesn't come up.
We hear nickel, come up with your lithium, you know, zinc to some
degree.
But I rarely hear people talk about silver and it's need.
In all these Technologies you said mentioned earlier about silver
being, you know, a currency or a hedge against inflation.
I think silver is a strategic metal because, you know, nothing that
we're doing here today could happen without solar and all these new
technologies, require silver, you know, if we're going to Electrify
our planning and different way and get all fossil fuel, it's not going
to take ten years.
Like some governments are pushing or 20 years.
It'll take 100 years to do it to change the electrical grid on a
global scale.
Solving, all these governments pushing, you know, these programs
about, you know, taking themselves off of Russia and oil or, or
stopping exploration in the United States or spending pipelines.
This is all craziness because the technology and Industry is not
there, and the miners aren't there to supply the metal.
So, there's a whole Trend that has to change an industry to get up to
the levels that we're currently using fossil fuels we have
Something in the order of 65 million ounces of silver being consumed
in the electric car industry right now and that's at a tune of about
10 million cars a year.
So if we're going to be producing enough, electric cars to replace the
worldwide Fleet, there's one point four billion automobile sitting on
the surface of the Earth right now, which most of them are filled, but
fuel combustion cars.
So we're going to replace those cars.
We need to produce a lot more.
Electric cars to get there, particularly at the rates that some
governments want.
See by 2030 by 2040.
Some marriage of some cities.
Wanted to remove all fuel combustion.
Cars off their roads by 2030, which is ludicrous.
Your you you know you have a couple million people by electric cars
while there's no manufacturing base large enough to produce that
amount of cars you know, Volkswagen BMW.
Tesla course.
They're they're all just starting to produce these cars.
So you know we're probably five years away from getting up to you know
the 20 30
40 million cars a year that need to be produced to fit that
requirement that, the government's are pushing and you do the math,
you multiply 65 million ounces by 10 million cars.
And you look at the Mind supply of only 800 million ounces a year.
It doesn't take too long to burn through all the ounces that we're
producing the recycling business.
We're down to around 125 million ounces.
Right now that reached a peak of 250 million ounces back in 2015, when
silver was
Well, you know, actually reached a peak in 2011.
Pardon me when silver was $50 and it's been dropping ever since to
help and during that high-priced environment through to, from 2010 to
2011, most of that store was coming from households in the form of
silverware, you know, old, you know, pots and pans and things like
that.
All that silver is gone.
Now, it's melted down into bars little bit.
Has already been recycled most of it.
Yeah.
So so the theory is that in order to
to get all the silverware back into the recycling industry, you're
going to need triple-digit silver because we've already had that big
run up to $50.
So any silver that was going to come out?
Just now come out as my point.
So, the biggest recyclers, are really hospitals, by frankly, a lot of,
because a lot of the x-rays are still done with old technology, and
that's a big consumer of silver and there, of course, jewelry itself.
There's some junk silver still out there in the form of coins.
Some dumb old us and Canadian coinage.
You can buy bags of junk, silver on the internet if you really want to
go and find it but it's becoming quite rare.
There's chunks hours.
I've been saying it for a long time and because it just makes sense to
me.
Now, the supply-demand fundamentals of the metal, the mining ratio,
you know, you should divide the gold price by 7 and come up with your
silver prices.
That's our mining ratio.
You know, whether we'll ever see that who knows we should and we we
could even
Can get it over shot.
It could go to Five to one, who knows?
But it shouldn't be worse training at and it's just a somewhere along
the lines.
An article come out or a headline will come out that some product you
can't be produced because of silver, the lack of silver and then I was
going to wake up to the story, go.
Oh my goodness, silver is really important and it is a strategic metal
and we do need a lot of this stuff to do, all the great things that we
want to do over the next year or 50 years by real real Electric.
Buying a planet.
And once people wake up to that, once investors wake up to that,
you're going to have triple digits over.