The biggest short squeeze in the world?, page-2859

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eztrang

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18/08/21

13:47

Post #: 55385321
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Originally posted by happybear45: ↑

If silver is abundant then they wouldn't have to recycle 170M ounces per year to meet demand. In fact they have been doing that for at least the last 2 decades and like 4 decades. Silver is being used in industrial and other processes which effectively destroys it or makes it too hard to recover, this has also been happening for at least the last 2 decades.

So since 2001.
*16000M ounces was mined
1) Industry destroyed 50% of its use by using silver in products that end up in landfill making it unrecoverable. 6000M ounces
2) Industry tied up another 35% into long term products a lot of which have a hard to recycle process (solar panels, etc). 4200M ounces
3) 4000M ounces was put into jewelry and investment grade silver

So you can see there is a missing segment there, which is the stuff that is currently recycled from industry. That is 1800M ounces over 20 years. So wait for it, what was the actual amount recycled? 3400M ounces. Hmm I wonder where the gap is coming from in recycling. Well it is 80% Jewelry/other and 20% investment grade bullion. It's almost like actual "above ground silver" is teetering on some kind of negative growth paradigm right now. Meanwhile in gold land it continues its growth into the sky as barely any of it is wasted.

Not only did silver mining peak in 2016, its expected to stay flat or decline in the next 10 years as the biggest mines reach EOL. And in 2021 we had the largest demand for investment silver ever by a significant margin and the year isn't even over. If you can look at these numbers and not understand the investment potential, you are probably poor due to your inability to comprehend information.

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Other metals are recycled, like steel or aluminium.
Recycling is not driven by new production levels, but by whether it can be done profitably or not.
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0 Great analysis

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The biggest short squeeze in the world?, page-2859

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