Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ✋SILVER - You Better "SEE" This! 💡 (Gold Price Also)

Transcript

✋SILVER - You Better "SEE" This! 💡 (Gold Price Also) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  And today we're going to go on a visual journey where first hand,
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  we're going to see the silver shortage.
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  Hey, look, I see you right now and it's a big deal, a big
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  privilege that you've joined me here in the basement.
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  I just want to tell you, I appreciate you being here.
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  My fellow basement dwellers, silver lovers, please subscribe
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  to the channel, turn on the notifications, and give this
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  video a thumbs up. As we go on this visual journey
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  into the silver shortage, the unsung hero of the new economy.
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  Let's first take a look at the silver deficit.
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  As you can see my little yellow finger moving around right
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  there. We see that silver demand keeps
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  surging, driven by technologies like solar power and AI.
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  In 2023 alone, the silver market experienced a 15% supply
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  deficit. As you can see in this pie
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  chart. The blue part there is the 15%.
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  That's the silver that's missing.
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  That's the extra silver that the world is demanding above and
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  beyond what the mining and recycling industry can provide.
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  Here's the silver supply and demand gap.
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  As you can see, the darker shaded area is total demand.
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  The lighter shaded area is total supply.
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  If we go down and take a look, from 2021 through 2024, the
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  silver market is expected to reach a cumulative deficit of
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  759,000,000 ounces. Look up here guys.
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  Again, the light shaded area is what the mines in recycling can
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  supply. The dark area represents the
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  excess demand and it's growing quickly. 759 million oz.
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  Silver is second only to oil as one of the most widely used
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  commodities with more than 10,000 applications.
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  Let that sink in. 10,000 applications.
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  Silver is essential in new technologies.
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  In 2025, renewables are expected to generate more electricity
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  than coal, with solar meeting half of the global demand growth
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  over 2024 and 2025. If we look at this solar panel a
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  graph here you can see 2020 two, 118 million oz 2020 three,
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  193,000,000 ounces in 2024. Solar demand in 2024 is expected
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  to account for 23% of total silver supply or 232,000,000
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  ounces. But wait, there's more because
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  we see that silver's also used in many other technologies,
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  including silver nanoparticles that are used in wearable
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  electronics and skin patches, electric vehicles.
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  Silver's also used in semiconductors, control sensors,
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  Lidar technology. Silver's conductivity is crucial
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  for a is high energy demands. And something that's super
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  interesting to us is that the average cell phone contains .34
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  grams of silver. That means that for every 100
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  cell phones that are being produced, being used in the
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  world, the billions of cell phones for each 100 cell phones,
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  that's 30 grams of silver. That's about one ounce of silver
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  per each 100 cell phones that you see in our world right now.
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  Meanwhile, declining ore grades and depleting reserves at
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  existing mines reduce silver output.
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  So as the world is demanding more and more silver, the mining
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  sector is only able to provide less and less.
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  What does that tell us from a basic supply demand perspective?
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  You know what that tells us? That tells us the world is
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  running out of silver. Now, if you want to get your
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  hands on some silver before it potentially becomes much more
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  valuable, do yourself a favor and please check out channel
• 4:38
  sponsor Pimbex Pi MB EX. These videos are not possible
• 4:43
  without the support of Pimbex. You'll find great prices, great
• 4:47
  selection, and a company you can trust.
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  And if you ever decide that you might want to convert part or
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  all of an IRA into precious metals, please do yourself a
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  favor. Take your time, shop around, and
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  include pin backs in the list of companies that you talked to.
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  Compare how many actual ounces of silver and gold you can get
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  for your money from each company.
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  What does it tell us when we hear that 70% of silver is mined
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  as a by product of gold, copper and other metal mining?
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  Yes, only 28.3% of silver comes from primary silver mines.
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  That means that silver is an afterthought to these companies
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  that are mining other things like lead, zinc, gold and
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  copper. So when the silver price does
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  take off, they're going to be much slower to react to the
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  increase in demand. The stark reality is that
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  finding new silver deposits is very difficult.
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  All the easy silver has already been mined.
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  When we look at the top five silver deposits in the world at
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  #1 Poly Metal Resources up in northern China #2 Outcrop Silver
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  and gold that looks to be located in northern South
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  America #3 Dolly Vard and silver, a stock that I happen to
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  own. They've got a big deposit up in
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  British Columbia #4 these let silver, I believe that's in
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  Mexico, and #5 BlackRock Silver, another stock that I own with
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  their Tonopah deposit in Nevada. I'd like to thank Outcrop Silver
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  for providing the visuals used in this video.
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  It really drives home just how critical of a situation the
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  world silver market finds itself in right now.
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  A critical situation which can only be resolved by much higher
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  prices for silver because as we saw right, the demand profile
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  for silver continues to explode while the supply side continues
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  to shrink. It's going to sure be an
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  interesting journey. I'd also like to thank channel
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  sponsor First Mining Gold. They're a Canadian gold
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  developer with two development stage gold projects in Canada.
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  And of course our friends at Fortuna Mining, they're a silver
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  and gold mining company. They mine silver in Mexico and
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  Argentina with their Latin American operations, and they
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  mine gold in West Africa. I'd also like to thank you for
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  joining me here in the basement. This is not possible without the
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  most important person in the basement right now.
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  That's you. So please come back.
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  I'll look forward to seeing you soon.