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3 Articles on The Over Consumption of Silver

Silver History
Investment Rarities

Silver is a commodity that has been known and used since the dawn of civilization like gold, copper, grain, and fibers. For thousands of years silver was produced and utilized by man, mostly in coinage, jewelry and utensils. It was coveted by the ancient Egyptians. It was in the Old Testament. Jesus Christ was betrayed for 30 pieces of it. To some extent, the Western Hemisphere was discovered,
plundered and developed because of it. Silver was taken from the earth’s crust and accumulated. It clearly altered history and trading patterns throughout Asia and the Indian Subcontinent. It was
at the heart of monetary systems of most nations in the world, including the United States. Then came two discoveries that would benefit just about every inhabitant of the world. Silver as the best conductor of electricity, and the key critical material in photography, went from being desired and coveted through the ages to something much more. It went from an object of desire to an object of necessity. Now all the silver from the time of the Pharaohs, the Romans, Marco Polo, and the Conquistadors is gone.We mined billions of ounces of silver throughout history. Where did all the silver go? Industrial consumption.

 

Going, Going, Gone!
by Ted Butler

Please understand and envision that 50 centuries’ worth of accumulated silver production is gone forever.This is the most bullish factor that any world commodity ever experienced. The fact that such big hoards of silver have disappeared means we are fast approaching a time when no more silver is available to industry at today’s low prices. There won’t be enough supply to go around.We will have to ration what supply there is.

There will be great pressure by the silver industrial consumers to get silver at any cost. Individuals may not need silver to survive, but industrial users do. It’s a matter of life and death to them. When the assembly lines are threatened with shut down due to lack of material, do not expect the silver consumers to sit idly by and watch their companies die. They will do all in their power to assure a steady supply of silver.

How many times do you think opportunities like this, for the average guy, have occurred throughout history? I don’t think ever. Nor do I ever think there will be such an opportunity in my lifetime again.Will you ever see the cheapest historical price for a commodity at the time of its greatest historical demand? Will you ever again see anything in chronic short supply selling at a grossly undervalued price level? Will you ever see such low risk?

Never! In my opinion you will never see a market so convoluted or insanely undervalued ever again.


New Technology
by David Morgan

When electricity is generated, not all the power reaches the end user. A large percentage of it is simply eroded away by the resistance it encounters in the lines through which it is transmitted. In fact, this ‘line loss’ sometimes runs in excess of 30 percent. However, there is a method that, for practical purposes, can reduce the line loss to almost nothing. It involves a technology called superconductivity.” One of the companies developing this technology is American Superconductor
Corporation, who claims to be “a world leader in developing and manufacturing products utilizing superconducting materials and power electronic devices for electric power applications.”

“According to the Silver Institute backgrounder, the superconductivity technology requires one ton of silver per mile of superconducting transmission line. A ton per mile! Now that’s a lot of silver – a reality you have to admit even if you’re bearish on silver.To illustrate, let’s hypothesize a transmission line from New York to San Francisco – a line that would require about 3,000 miles of superconducting wire. That would be 3,000 tons of silver. Stated in more familiar terms, that’s approximately 96 million ounces of silver. Ninety-six million! That’s roughly one-quarter of last year’s total industrial consumption of silver – for just one transmission line.

“There’s absolutely no evidence of an impending drop in industrial demand for silver. Although you certainly don’t read about most of them in the popular press, more and more applications are developed for silver every year – especially in the high-technology sector. In fact, there are so many new uses that silver might possibly be viewed as the ultimate ‘technology stock.’”