Ann: Acquisition of Joaquin Silver District, page-22

From Kevin Bambrough

It’s truly amazing how much of a broken telephone world we live in…#silverThe other day I decided to ask an AI app to estimate the amount of silver in the new Samsung battery. It guessed 3-10 grams per cell but wouldn’t provide me any links to support. I then prompted it to estimate how material 5 grams per cell would be in terms of silver consumption per battery and played around with various numbers as to possible demand for cars alone. Simply to illustrate there’s no way in hell the world can supply this much silver. I also pointed out in the thread that there might only be 1 grams or 0.5 grams per cell. As I pushed and probed the AI app I got it to admit that it could possibly be that low. I posted the info hoping to get an actual answer from some who knows. Cause I can’t find a source. I think Samsung keeps the info confidential..Anyhow. Without reaching out to me I’ve seen a few people obviously either steal the 5 gram per cell number in their own work and write about it like it’s fact. I’ve also seen several articles quote me without bothering to point out it might be only 1/2 gram or 1 gram. Now ridiculously. I got people sending me Alex Jones talking about with some other jackass trying to play himself off as some sort of expert.Check sources! Still the point I made holds true.
Silver is in a supply deficit already. Solar use is growing along with other industrial issues. Silver went into a deep bear market as the world stopped using it for film and went digital. It was the biggest demand. Now it’s becoming, solar, batteries and medical equipment and fabrics. Etc. so many growing applications. Inventory’s at governments have been run down to nothing vs huge stock piles decades ago. With the continued maniacal money creation set to continue along with debts and deficits set to continue to explode.. silver will be viewed as a store of value again. It’s becoming an energy metal. To produce it, we consume huge amounts of energy. The base value of silver will always represent the energy costs to find, develop, and build a mine plus the energy costs to extract ore, crush rock and refine silver.So unlike moron coins in the broke ass crypto ecosystem that consume energy and then have zero use. Or the fiat money that central bankers create and to support goverment deficit spending and bail out thier banker buddies… Silver has intrinsic energy value.
With so many uses and a relatively small storage fee vs contained value it makes sense as a store of wealth. It will regain monetary status. As the world begins to hoard silver once again the price will climb to unbelievable levels. The 1970-1980 period saw gold rise 2300% and compound annually at +over 31%.Bonds did about the same as stocks… which was 75-80% or 5.85% annualized for the 11 total years. Silver was up around 3700% annualizing at 41%Tech is in a bubble. Most stocks are in a bubble. Cause we have a fiat currency bubble. We also have a moron bubble and a crypto bubble. Silver will give us safety and prosperity but it will end in a bubble as well…. Still we can enjoy the ride to $200/oz.12:22 AM · Aug 22, 2024·11.3K Views


Kevin Bambrough writing about silver