Yep, I'm not going to predict hundred fifty dollars, you know, today.
I am a triple digit silver guy, but I've dealt with will happen in
2022, but hopefully it happens in my lifetime.
You know, it's a great goal, but it's not going to take 10 years or less.
It's, this is a 50 year process to change the electrical grid on the
planet.
And that's going to take a lot of silver and a lot of copper, and a
lot of other metals to accomplish that.
Yeah, well, first off, what a waste of silver, you know, having that
silver spread all over the place is a terrible use.
I'd rather that silver go into, you know, the green energy and the
green movement and electrifying the planet in ways that we're trying
to accomplish.
But, you know, it is your right used in variety of military, weapons
and tools, you know, from, navigation, systems to the weapons.
And, you know, it's just one more
You know use of them at all, you know, we're seeing solar panels were
saying electric cars.
Now. We're seeing military weaponry.
Well, hopefully this stays Regional, you know, God forbid this gets
more broad, you know throughout Europe and and elsewhere around the
planet, but you know, if it stays Regional I think you'll still the
demand is there for solar panels, you know, we I've seen numbers as
high as 140 million ounces of demand in the Solar industry, you know,
we're likely going to approach hundred million ounces of demand in the
automotive sector.
Sector this year.
These industries are moving fast to Electrify the planet and get fuel
combustion.
Cars off, you know, the the surface of the Earth.
So I don't think that's going to stop.
Unless it's War, really escalates out of control.
Well, you know, it's hard to say.
I think that you're right.
I think that thesis is coming out more, you know, among the experts
that the new green deal and going green is not going to be as easy or quick.
As some politicians would like it to be, you know, getting off on a gas.
You know, it's a great goal, but it's not going to take 10 years or less.
It's this is a 50 year process to change the electrical grid on the
planet.
And that's going to take a lot of silver and a lot of copper, and a
lot of other metals to accomplish that.
And I think the politicians being unrealistic.
And I think this war now, it's very energy intensive and I think
you'll countries around the world.
I wouldn't be surprised to see Germany.
For example, turn on their nuclear plants again.
We're already seeing talks in Japan about them.
I'm turning on the nuclear plant.
So politicians are waking up to the fact that some of their objectives
or goals are unrealistic or even short term.
I think that because the demand is so great.
The amount of ounces we need is so great.
Like we're producing 800 million ounces a year or so mining sector and
you said yourself.
There were consuming this year, 1.1 billion ounces.
That's a three hundred million dollars deficit. Where's that?
So we're going to come from.
How long can you have these deficits before?
There's just simply no silver left, you know, again, you know, if you
say yourself a crew.
Aslam he's here on 15 kilos of silver or 500 ounces of silver, you
know, hopefully they don't have to build many more cruise missiles.
But I think there's there's not enough silver around.
Anyways, to supply, the Auto industry and Supply, the solar panel
industry or the electronic manufacturing Industries.
So, we know the deficits exist, whether there's a war or not.
I don't think that changes anything.
You know, I quite honestly, you know, I don't think we'll ever get off
oil and gas, we use less of it.
No, no doubt about that, but it's going to take time.
You know, it's
You know, do you have an electric car?
Yeah, no, and I do not either and I think I only have one or two
friends that have electric cars.
So that industry is just starting.
How many years is it going to take before all of us have electric
vehicles.
And then the 10 years.
I have no Planet violent your car, anytime soon, you know, so at
least, 20 years before we replace the above-ground Fleet.
There's a hot one point four billion cars sitting on the surface of
the Earth right now, you know, in your Purdue and the auto Industries.
Using 95 million a year.
So at that rate that in itself is 15 years.
That's assuming every car produced from today.
Forward is electorate, which is not going to happen.
Well, I see, you know, your number that you throw out earlier about
the 1.1 billion that the silver Institute has estimated for 2022.
Yes. I've heard numbers as high as 1.4 billion for 2022.
So, you know, whatever.
The number is it's more than we're producing.
So this this these answers are coming from somewhere.
There's a limited amount of Silver City.
Beyond the surface and investment for Words.
Once that's gone.
There's no place to get the silver.
So one thing has to happen, silver prices have to go up.
So, how long is it going to take for the mining sector to react?
It's a decade, you know, 10 to 15 years to get a mind into production
from the day that the management teams have such decide to bring your
mind into production.
So I'm not a conspiracy conspiracy theorist at all.
But I do.
I am a traitor.
I came from the banking sector.
I know, trading, I see.
The way markets work, and when you see silver and gold prices
fluctuate, they, the way they did last Thursday, that was option.
Expiry date.
So obviously, there must have been a lot of people on the wrong side
of that trade, who drove down the gold price in the silver prices.
That day, I think gold had a hundred dollar trading range that day and
sober had a two-dollar training range that day.
That's not natural.
Marcus Marcus, don't act like that all.
That's there's someone involved in and moving those prices and
unfortunately, as long as that is allowed,
To continue to happen.
I've been I've been voicing this concern for a number of years.
Now the regulars don't come to to the and look at, you know, what's
really going on in the expensive, these paper markets because
unfortunately is a mining sector, we have to rely on the paper market
pricing, our commodity correct, you know, if somehow we could get away
from the paper market and price are Market based on actual supply and
demand where we where we can actually deal with the end user directly,
whether it's of Sony or Panasonic or test.
Are, you know, BMW, you know, you name the consumer?
I think that's where we need to go.
And that's where we get proper pricing and that's why I push it.
The silver market trades, approximately 1 billion ounces a day in the
paper market and the miners produce.
800 million ounces in a year.
So the Leverage is astronomical.
So as long as the regular stand by and do nothing about that and I
don't expect they ever will because you know, you don't generally
speaking, you know, the banks are pretty powerful out.
Are you know who's going to make, you know, who's going to stand up to
that?
It's got to be the miners miners have to get together.
Like hope packed.
They don't like the diamond industry.
Like the uranium industry, wider silver and gold have to, you know, be
treated differently as other Commodities.
Well, you know what, honestly, you know, you kind of touched on a
little bit earlier, but, you know, we're mining 721.
So what I mean by that is for everyone else, that old, we might
worldwide.
We thought we might 7 ounces of silver.
So but we're training at something in the order of 75.
One.
So we traded at 12:53 today at approximately 2,000 are gold.
It's at $150 silver approximately.
That's where we should be today.
So we're not obviously, but, you know, I'm not going to predict
hundred fifty dollars, you know, today.
I am a triple digits over guy, but I've dealt with will happen in
2022, but hopefully it happens in my lifetime.
But do you have the number that you care to throw out there for 2022?
That's called a $30.