Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Silver Price Disconnect: Exposing the Gap Between Perception and Reality

Transcript

Silver Price Disconnect: Exposing the Gap Between Perception and Reality · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Great news for Silver and we heard it from Hekla Mining CEO
• 0:04
  Phillips Baker. They are the largest silver
• 0:08
  producer in the United States, over 100 years old.
• 0:12
  So to say that Phillips Baker knows a thing or two about
• 0:15
  Silver, I think is an understatement.
• 0:17
  But what did he say that should have all Silver investors?
• 0:21
  Yes, that includes you and me. Very interested.
• 0:26
  He talked about the future demand profile for silver and
• 0:30
  pointed something out astounding.
• 0:36
  I want to read you a statistic. 180 million ounces of silver.
• 0:43
  How much silver is that? Heck, that's almost 2025% of the
• 0:48
  world's annual mining production of silver. 180 million ounces of
• 0:54
  silver were used last year alone in the photovoltaics industry.
• 1:00
  What's the photovoltaics industry, you may be asking.
• 1:03
  Well, that's the solar panel industry.
• 1:06
  But what's even more astounding is that within the next few
• 1:10
  years, he thinks that number could be closer to 250 million
• 1:16
  ounces of silver per year. Where's all this silver coming
• 1:21
  from? Well, for now, we know there's a
• 1:24
  huge silver deficit. The mines cannot keep up with
• 1:29
  the amount of silver that's being demanded.
• 1:31
  What does that mean? Price fixes everything, but for
• 1:36
  now they're playing a bunch of funny games at the Comex,
• 1:39
  they're playing a bunch of funny games at the LBMA, and they're
• 1:44
  able to plug that gap with available above ground stocks.
• 1:49
  But that won't last forever, because our friend Andrew
• 1:53
  McGuire over at Live From the Vault, he's pointing out some
• 1:56
  very interesting developments going on at the Comex and even
• 2:01
  goes as far as to say that we could.
• 2:04
  We could be not years away, but months away from a point where
• 2:09
  physical demand overwhelms the paper market.
• 2:12
  But back to this solar photovoltaic.
• 2:16
  We'll use that fancy word from now on, US basement dwellers,
• 2:19
  I've got some crazy information for you about solar farms being
• 2:24
  built around the world. And again, every solar panel.
• 2:28
  When you're driving down the highway in your woody wagon with
• 2:31
  your family, you can look out the window and see that solar
• 2:33
  farm. You can envision a little bar of
• 2:37
  silver in each and every one of those solar panels, because
• 2:41
  that's the truth. Now, if you don't have me with
• 2:43
  you in the woody wagon, you can always join me here in the
• 2:46
  basement. And it's always a big honor to
• 2:48
  me when you do that. Thanks for being here.
• 2:52
  Please give this a thumbs up and you can subscribe to the channel
• 2:56
  if you want to get new videos everyday.
• 2:58
  Something interesting, something fun about silver, gold and
• 3:02
  precious metal mining stocks. But let's head over to a crazy
• 3:07
  picture. This is a picture of a solar
• 3:10
  farm in II is building. Unbelievable.
• 3:15
  You probably haven't heard this, but India is building
• 3:18
  unbelievably large solar farms. There's one that's on the border
• 3:23
  with Pakistan that people are saying is the largest in the
• 3:27
  world, but these things are absolutely massive.
• 3:30
  Now I want you to look at each one of those little of
• 3:33
  thousands, 10s of thousands of solar panels.
• 3:36
  And remember each one of those requires a little silver.
• 3:40
  And that silver right is only coming out of the ground at like
• 3:44
  a 7 to one ratio to gold #1. And there's not enough silver
• 3:48
  coming out of the ground to satisfy the demand for solar
• 3:54
  panels and the other demand sources that we have for silver
• 3:58
  electronics investors, you your stack in your basement.
• 4:03
  Let's head over to this article from Wikipedia.
• 4:07
  Actually, I just did a Google search here.
• 4:09
  The Bahadra Solar Park is a solar power plant located in the
• 4:14
  Thar Desert of Rajasthan, India. It covers an area of 56 square
• 4:21
  kilometers and has a total installed capacity of 2245
• 4:25
  megawatts, making it the largest solar park in the world as of
• 4:29
  2023. When I was researching for this
• 4:33
  article or for this video, I ran into an article that talked
• 4:37
  about how some of these solar parks in India, right The New
• 4:41
  Yorker, New Yorker a year ago, India's quest to build the
• 4:44
  world's largest solar farms. So one of these solar farms in
• 4:49
  India alone, one of them is bigger than Manhattan.
• 4:54
  Guys, this is huge and think about this.
• 4:58
  Does maybe maybe this explain the astounding news that we
• 5:03
  heard about India and silver back in February?
• 5:06
  Hey, I want to say thank you to channel sponsor Pimbex, Pi MB,
• 5:10
  E, xpimbex.com online bullion dealer.
• 5:15
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• 5:18
  yourself a favor, compare Pinbex to your other options out there.
• 5:23
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• 5:27
  some comparison shopping because I think you'll find what I
• 5:30
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• 5:34
  great selection, and outstanding customer service.
• 5:38
  I consider it a big privilege to have them as a sponsor of Ron's
• 5:42
  basement. So let's talk about what's going
• 5:45
  on right now in India. What's the latest data?
• 5:48
  Silver in India. February, India imported 70
• 5:54
  million ounces of silver. Again, I beat this one into the
• 5:58
  ground, but that's almost 10% of the world mining production of
• 6:03
  silver being imported by India in one month.
• 6:09
  And we know India continues to expand their solar panel
• 6:13
  program. Phillips Baker had a lot more to
• 6:16
  say about silver. We're going to get to that after
• 6:18
  we say thank you to 1st Mining Gold Channel, sponsor of Ron's
• 6:23
  Basement Gold development company in Canada. 2 multi
• 6:27
  million ounce projects. If you want to learn more about
• 6:30
  first mining gold, reach out to Paul Morris, their Director of
• 6:33
  Investor Relations. I will put a link to his e-mail
• 6:37
  in the description of this video.
• 6:39
  And of course our friends at Fortuna Silver, they also mine
• 6:44
  gold. They actually mine a little more
• 6:46
  gold now than silver, but they do both.
• 6:48
  They're diversified. They're an operating company
• 6:51
  with five great mines, three in Latin America, 2 operating mines
• 6:56
  in West Africa in a super exciting development exploration
• 7:02
  stage project in Senegal, the Diamba Sood project.
• 7:06
  You can learn more about them at fortunasilver.com.
• 7:10
  So what else did Phillips Baker have to say?
• 7:13
  Phillips had something very interesting to say about the
• 7:16
  fact that, think about it, five years ago the demand for silver
• 7:21
  from solar panels was minuscule, something that we didn't really
• 7:25
  talk about. And now it has grown into this
• 7:29
  massive, massive force. Also, when we talk about the
• 7:33
  deficits over the last few years, almost 1/2 billion ounces
• 7:39
  of silver have been pulled out of the above ground supply
• 7:44
  surplus that exists. Nobody knows for sure how big
• 7:47
  that really is, but we do know one thing for sure, right?
• 7:51
  And one of the things we love about silver and gold, it's
• 7:55
  finite that above ground resource that they're using to
• 7:58
  plug the deficit for now, it won't last forever.
• 8:03
  You can't print silver like you can print dollars or electronic
• 8:07
  currency or anything else. Do you think it's safe to say
• 8:11
  that the price of silver does not line up with the underlying
• 8:15
  fundamentals and there are all types of crazy things going on
• 8:20
  in the big silver markets right now, the Comex and the LBMA.
• 8:26
  Will we soon see physical demand overtaking electronic supply?
• 8:33
  I think we will. I'll be here for you through it
• 8:36
  all. It's a big honor when you join
• 8:38
  me here in the basement. Thank you.
• 8:40
  And I'll look forward to seeing you.
• 8:42
  Yes, You again soon.