iShares Silver Trust Message Board
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World Produces Twice As Much Silver as We USE
According to the Silver Institute:
The world produces about 1 BILLION ounces of silver per year.
Yet, We only USE about 500 million ounces per year (half of what we produce).
The other 500 million ounces per year are stored (for future use) in one form or another including bars and coins.
The world is FLOODED in thousands of tons of excess stored silver and the massive piles of stored silver are growing each year
Making matters worse for silver prices is the fact that we are getting better at recycling silver. So more and more of the "used" silver can be reclaimed.
Since silver is mined for a cash cost of $1 - $5 per ounce, expect to see silver prices crash to $7 or $8 again and again as they did just 4 years ago.-
Flooded with excess production
- 1 Reply to ext4r
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Twice as much silver as we need
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Way too much silver.... Price collapse coming soon
- 1 Reply to ext4r
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Drowning in silver
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Swimming in excess silver
- 1 Reply to ext4r
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Each year, we store more and more silver
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100% fact
- 1 Reply to ext4r
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Massive oversupply
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look it up for yourself
- 1 Reply to ext4r
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It's online at silver institute
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Actually silver is a finite resource there isn't that much investment grade silver on the market.
Sentiment: Strong Buy
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Hecla produces silver for $1.03 per ounce
- 1 Reply to ext4r
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Much silver is produced for free, as a waste byproduct of other types of mining
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way too much excess silver
- 6 Replies to ext4r
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Look it up for yourself
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drowning in excess supply
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The silver bubble is deflating
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swimming in excess silver
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Way too much silver
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Drowning in silver
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Drowning in excess silver
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Drowning in excess silver
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