Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🔴 ALERT! 🔴 THIS Silver "Dark Horse" Can CHANGE Everything
Transcript
- 0:0025% of the world's mined silver every year. 25% is used for this
- 0:07silver jewelry. I had no idea.
- 0:11Do you like silver jewelry? Well, after you watch this
- 0:13video, you very well may because it could lead to skyrocketing
- 0:18prices for physical silver. Let's go out to the Silver
- 0:21Institute and take a look at what they're showing us in
- 0:25regards to demand for physical silver for the jewelry industry.
- 0:32We'll get on the right screen here.
- 0:34Here we go, guys. OK, this is a recent report from
- 0:37the Silver Institute that shows us in no uncertain terms just
- 0:42how crazy the situation is becoming.
- 0:45So this is supply in 2024, OK, the mining sector provided 823
- 0:55million ounces of silver. If we go down here to demand and
- 1:00we find jewelry, I had no idea this number was so huge.
- 1:06Starting in 2015, we had about 202 million oz, OK.
- 1:11This is all measured in millions of Oz, but if we go all the way
- 1:16over to 2024, we see it still maintains a level above
- 1:22200,000,200 and 11,000,000 ounces of silver.
- 1:27More than 25% were demanded just for jewelry alone.
- 1:32Now there's something astounding about this and that has to do
- 1:35with the growing popularity, and I can sense it and I'm going to
- 1:39give you some more information on that here in a little bit.
- 1:42The demand for silver, popularity of silver is on the
- 1:46rise. This piece that I showed you,
- 1:49right? This came to me from my friend
- 1:51Bullion Betty. You know what?
- 1:52While we're out here, we'll just go take a look at her Etsy page.
- 1:56She's not paying me to show you this, but this came from Bullion
- 2:00Betty's and it's absolutely beautiful.
- 2:04This piece that I'm going to show you right about now, this
- 2:10is a 1 oz silver coin. OK, I added this.
- 2:13Beautiful sterling silver necklace to it.
- 2:18But I'll tell you from everyone that I'm talking to and from
- 2:22what I'm observing, the demand for silver jewelry is increasing
- 2:27and I had I mean really no clue that 1/4 of all the silver mined
- 2:33every year is already being used in jewelry.
- 2:36If we see a major uptick in demand for silver jewelry, it
- 2:41could create a, you know, it could create or could accentuate
- 2:46what is already the massive silver deficit that we have
- 2:50right now. Not only is it, are we looking
- 2:52at demand from jewelry, but we have all these other, other
- 2:56components of demand listed right here.
- 3:01Jewelry is a part of it, OK, but but a not, not necessarily right
- 3:07Industrial demand during that same period from 2000, what was
- 3:12that 2015 through 2024 rose from 457,000,000 ounces to 710
- 3:21million oz, that's in total, OK. So we have that number which
- 3:26continues to increase. We know, right?
- 3:29Solar panels, electronics, batteries, new solid-state
- 3:33battery technology is providing robust demand for silver.
- 3:36But if on top of that we get a new source of growing demand
- 3:42from jewelry that could, that could really upset the Apple Car
- 3:46cuz we already have the silver deficit for the last four years.
- 3:50The world's already consuming more silver than it's producing.
- 3:54And on top of that, what if this lackluster demand from investors
- 4:00in the West just goes back to normal?
- 4:03We've had below average demand in the West for silver from an
- 4:08investment perspective. What if people actually start
- 4:11buying in mass 5 oz 10 oz kilo silver bars, right?
- 4:16American Silver Eagles, all that.
- 4:18Again, this could easily upset the apple cart.
- 4:22While we're on that subject, I want to say thank you to channel
- 4:24sponsor First Mint, OK? They are part of First Majestic
- 4:29Silver. So First Mint has a very unique
- 4:32proposition. OK, they have a silver mint in
- 4:35Las Vegas, NV, but they get their silver from the Mexican
- 4:40silver mines that First Majestic runs in Mexico.
- 4:43So the silver goes from the mine to the mint to you.
- 4:50I think that's very unique in the silver bullion sector.
- 4:54Where else can you buy silver that you know is fresh right out
- 4:58of the ground, but even more importantly has been free from
- 5:02the hands of the traders at the COMEX and the LBMA?
- 5:07But most importantly, first mints producing really world
- 5:09class silver bullion products. This is their Buffalo round.
- 5:15I've been showcasing this this week.
- 5:17Look at that absolutely beautiful piece of silver.
- 5:22However, the other side is what I love the most, right?
- 5:26This beautiful American Indian image on the back that is just
- 5:30absolutely stunning and isn't silver.
- 5:33Silver is just I love it. I absolutely love it.
- 5:37I can imagine this right in in this necklace.
- 5:40Maybe at some point I'll get one right because I love that Indian
- 5:44Head right. There's a nice piece of silver
- 5:46jewelry nonetheless. Check out first meant I'll run
- 5:50you out to their website here real quickly and there's their
- 5:58year of the dragon round. It's beautiful.
- 6:00I'll be showing you that in the coming weeks.
- 6:02There's their bars, they have a 5 ounce, A10 oz and a kilo bar
- 6:07that you can buy. There's the Buffalo round that I
- 6:10just showed you and the year of the snake round.
- 6:14These are unique products to first met.
- 6:17You can check them out. They have free shipping on
- 6:19orders over $199. They have a discount code,
- 6:23VIPRB, very important, Ron's basement, VIPRB, a great
- 6:30service, great selection. It's a company you can trust,
- 6:32right? This is owned by First Majestic
- 6:34Silver, headed up by Keith Neumeyer, who's one of the most
- 6:37respected names in the precious metal sector.
- 6:40But let's get back to this idea that demand for silver jewelry
- 6:46is doing well. I want to bring you to an
- 6:48article, another one from the Silver Institute.
- 6:52And let's make this a little bigger so you can see it a
- 6:56little better. There we go, the Silver
- 7:00Institute. This is hot off the presses
- 7:02recently shared this silver shines and delivers strong
- 7:06result results for US Jewelers. Remember guys, we're talking
- 7:10about 25% of the demand for all the silver that was mined last
- 7:15year. So silver jewelry, silver
- 7:17jewelry has the highest margins compared to other product
- 7:20precious metals, according to a recent survey in blue.
- 7:23With global silver jewelry consumption on the rise, the
- 7:27Silver Institute commissioned a survey of US jewelry retailers
- 7:31to gauge their view of the silver jewelry market in 2024.
- 7:36The survey showed that silver jewelry sales continued to
- 7:39deliver results for US jewelry retailers, with 53% reporting
- 7:45marginally marginally increased sales over the last survey which
- 7:50studied the 2022 market. So here in green silver
- 7:54experienced the best maintained margins for the holiday season.
- 7:59As we can see in 2024 silver jewelry accounted for 61% as
- 8:04opposed to 38% in 2002 thousand 22.
- 8:09A lot of that came from decreases in bridal jewelry.
- 8:13Also, big decreases went from 18% in 2022 to 5% for gold
- 8:19jewelry, probably because gold jewelry is becoming
- 8:22prohibitively expensive. 71% of the retailer said they increased
- 8:27their silver jewelry inventory in 2024 by an average of 15%.
- 8:33This represents a 10% growth over the last survey.
- 8:37Retailer said their jewelry sales as a percentage of their
- 8:40overall jewelry sales average 31% of unit volume.
- 8:45In 2022, that was only 28%. The average store growth for
- 8:50silver jewelry sales was 20% in 2024, verse 14% in 2022.
- 8:57Why are people buying silver jewelry?
- 9:0080% report affordability, Design options.
- 9:04It's a precious metal. Versatility, better
- 9:07craftsmanship, Can look dressy or casual, multiple pieces can
- 9:13be worn together, easier to match with white gold or
- 9:16platinum, and it makes a great keepsake.
- 9:18I would say It also, I might say makes a good investment too.
- 9:22According to the retailer survey, the age groups buying
- 9:25the most silver jewelry are 20 to 40, followed by 41 to 50.
- 9:30So younger people are buying silver jewelry, but 92% of
- 9:35retailers say they're optimistic that silver jewelry sales will
- 9:39continue to grow for the next several years.
- 9:43Silver jewelry offers the consumer many options at a price
- 9:47point that is friendly to the wallet.
- 9:49Interest in big and bold silver jewelry with increasingly
- 9:52stylish designs is leading many consumers to choose silver
- 9:57jewelry. That's from Michael Derren
- 9:58Derienzo, President and CEO of the Silver Institute.
- 10:04Guys, we're talking about one in four oz, one out of every 4 oz
- 10:11that the mining industry produces of silver every year.
- 10:15One in four right now is going into silver jewelry.
- 10:19We know there's a huge growing demand in the industrial sector,
- 10:23but if silver jewelry takes off and I'm I'll just tell you right
- 10:26now, I have a gut feeling that it will and that it is and that
- 10:30it will become more and more popular.
- 10:33More and more people are loving, are loving silver jewelry,
- 10:37right? And you can't blame them.
- 10:39This stuff is just absolutely beautiful.
- 10:42That's a one ounce coin, right? Matched with this beautiful
- 10:45silver chain. And when I hold it in my hand,
- 10:49OK, it feels real, it feels robust, it feels heavy.
- 10:53And on top of that, it's just absolutely beautiful.
- 10:57I've, I've always been partial to silver as my favorite
- 11:01precious metal. I love the way silver looks.
- 11:03I love the way it feels. I love the fact that you decided
- 11:06to come join me here in the basement today, right?
- 11:10Basement dwellers, we'd love to talk about silver, gold,
- 11:13precious metals, the economy. You are the most important part.
- 11:17Please subscribe to the channel, give this video a thumbs up, but
- 11:21most importantly, be well and please come back right.
- 11:25How'd you get in my basement? You're always welcome to come
- 11:28visit with me on the videos in the basement.
- 11:31You belong, you're part of the group.
- 11:33Have a great day. It's going to be interesting to
- 11:35see what happens with silver. You know my prediction, $60.00
- 11:40silver by April Fool's Day 2026. And if everybody's buying silver
- 11:45jewelry for Christmas 2025, that could very well become a
- 11:50reality. Take care and I'll see you soon.