Dramatic Drop in World Supply of Silver

The graphics used in this video presentation clearly show the dramatic 93% decrease in the global above ground stocks of silver as demand increases and silver becomes harder and more expensive to mine. Today many of the electronic devices we have come to depend upon like cell phones contain silver. In 1999 the use of silver in electronics was 100 million ounces and it is projected to be 250 million ounces in 2011. It seems there are new industrial applications of silver developed almost every day. Silver is finding a wide application in the health care field for its antibacterial properties. Many of today’s alternate energy applications like solar panels use silver. In 1999 the use of silver in solar panels was barely measurable yet by 2010 it was 75 million ounces and it is projected to be 130 ounces by 2014. Most of the industrial use of silver is not economically recoverable so its lost to the world for future production. David Morgan in his “Silver Market Myth” video puts some numbers to the investment advice that “everyone should own a little silver” and shows the tremendous potential
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18 thoughts on “Dramatic Drop in World Supply of Silver”

  1. The only problem I have with these is the premium. Almost anywhere you’re looking at online they’re 180-200 bucks depending on what coin it is. You’re paying 40 dollars more than the gold value, the premium on the bigger coins isn’t anywhere near that high. I buy them anyway, it just bothers me.

  2. kookaburrakookaburra

    You can afford the 1 oz coins, you’re paying way too much premium on fractionals. If you buy a 1 oz coin you will save 25% rather than buying 10 x 1/10.

  3. just flip a coin, they are both pretty much the same. both are 22kt and good coins. but u should probably buy both! 😉

  4. how about libertad? libertad is very nice as well.. has higher premium compare to eagle due to much lower mintage..

  5. Great question. This is a difficult one. I think most would tell you to go for the American Eagle. Personally, however, I’d go for the Krugerrand. Why? Everyone has American Eagles these days and I don’t see as many 1/10 ounce Krugerrands (it’s fun to go the less traveled path). That said, I would buy the coin in the best condition as well. Assuming the condition is the same, I’d probably go for the Krugerrand but you really can’t go wrong with either.

  6. Thanks so much for the comment! 🙂 Your guess is as good as mine, I’m definitely no political forecaster. One thing is for sure – 1099 law or not, the trends are really in the favor of owning gold coins.

  7. Its great to actually see and hear a description, who would have thought the internet could be so personal

  8. Thanks so much for the comment! It’s never too late, in my humble opinion. 🙂 Tenth ounce gold coins provide a great vehicle to purchase gold bullion at any price since they’re more affordable and more in reach of the common gold investor.

  9. Really great question! With my larger 1 ounce gold coins, I’ve typically gotten a price close to spot (around 5% or so above spot). However, with smaller gold coins, I’ve always paid (much) more as a % over spot. I don’t blame the dealers for the markup, there has to be a margin in it for them. Don’t have the prices on these coins readily available, but must say that the value of owning small, physical gold coins (vs. larger coins or “paper” gold) is unparalleled! 🙂

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