the silver mines are closing down because they are too expensive to operate and are sustaining losses..they cannot survive much longer and must seek other ways and other types of businesses...it is all over for the miners...they will soon be on the welfare rolls because they are too stupid for any meaningfull type of work.
It may be coincidence, but it does seem that open displeasure with paper based PM investments is scaring the bankster crowd as investors opt instead for physical. They know if this takes root in a much bigger way they haven’t the means to continue downside manipulation.
“…Most likely manufacturing will find another metal that can be used in place of silver and demand will dry up to meet the lack of available silver. …”
Oh, yes. Indeed they will, but it will still be silver as it escapes weak hands into the clutches of those who are manipulating the price and the bad press surrounding PMs.
This is banksterism at its best now entering a form of the mining business that requires:
• no geologists
• no mining equipment
• no mining employee overhead
• no fuel costs
• no bribes to foreign governments
The only requirement is to flood the paper market in a price suppression scheme. Of course that is highly unlawful. But who cares? Certainly not the crooked regulators.
It seems you and “agoodcamp” never included that simple economic axiom that demand, if it goes down a bit from mine closings, should be the result of higher prices from users that absolutely need the material.
Of course the flow of PMs will now go entirely to Asia and Russia who will assist the banksters in their complete takeover of what used to be thought of as “free” countries. Just how far are we from renouncing our constitutional form of government and installing a king/queen or politburo.
Very insightful. Miners are struggling and cannot survive. Wonder how many underfunded miners will stop mining silver altogether. Most likely manufacturing will find another metal that can be used in place of silver and demand will dry up to meet the lack of available silver. Good work.