silver eagle demand soars – u.s. mint sold out, page-7

A matter of time, if American and overseas buyers begin eyeing off Australian silver bullion.

Conflating matters, if investors here and abroad start wising-up to the perils of funny-money.

After all, silver shortages here occurred late 2011. If anything, we're in a much more dire economic predicament now than we were back then.



Embry: Gold Super-Spike To Be Dwarfed By The Mania In Silver

January 22, 2013

Embry: "I think what your guests have been saying is all true. One of the things that I emphasized in my speech in Canada yesterday, Eric, was how attractive silver is. I laid out a backdrop in my speech which supported a huge move in precious metals, particularly silver.


I said, ‘The move in gold, as much as I love gold, will be dwarfed by the move in silver. One of the great things underwriting silver is the growing shortage as KWN has been reporting. What people don’t seem to realize is the amount of physical silver which has been consumed in the world in the last 40 years. There were massive above ground inventories, particularly in China and the United States. It was a strategic stockpile in the States. In China it was all left over because they used to use silver to back their currency.


So the world chewed through billions of ounces of silver. Now the inventories are way under one billion ounces in the world, and almost all of that is in strong hands. The world produces less than one billion ounces of silver each year from mining and recycling, that’s less than $33 billion worth of silver. It’s a rounding error. It’s 10 days worth of US budget deficits.


When you realize the world has chewed through all of the silver inventories, it’s obvious demand is a lot bigger than the supply. The demand for silver, based on monetary considerations, is continuing to accelerate, so silver is going to be a huge home run.


I think the realization that there is a shortage in silver will be what breaks the entire precious metals complex sharply to the upside. The physical market will takeover from the ridiculous paper markets.”