CRITICAL REASON TO OWN SILVER: Shown In This Chart

There’s many good reasons to own silver.  However, one of the most important is shown in the chart below.  Investors don’t realize the huge problems facing the U.S. and world going forward.  While some more enlightened investors understand the upcoming calamity due to our highly leveraged debt-based fiat monetary system, most have no idea just how bad things will get in the future.

This goes way beyond protecting ones wealth with precious metals in a collapsing fiat monetary system. When the fiat monetary system disintegrates, so will the JUST IN TIME SUPPLY CHAIN SYSTEM in which we most certainly depend on for our goods and services.

However, I won’t get into an in-depth article about those factors today, rather I am going to present the chart that will offer a realization why SILVER will be one of the best stores of wealth in the future.

While gold is the king monetary metal, silver will be the better performing physical store of wealth due to its GLOBAL PEAK PRODUCTION occurring at a more rapid rate than gold.

If we look at the chart below, 71% of global silver production comes from by-product mining of zinc-lead, copper and gold.  According to the 2014 World Silver Survey, zinc-lead account for 38% of by-product silver production, copper at 20%, and gold at 13%.

Peak Silver In Base Metal Mining 2013

The world is about to come FACE TO FACE with the peak and decline of global oil production.  As global oil production continues to fall (never again to reach its peak), we will see a decline in World GDP.  As the world economic activity evaporates due to falling oil production, it will impact the base metals a great deal more than the primary precious metals.

So, PEAK SILVER will occur first in the base metal mining industry and then second via the primary silver mining industry. However, the primary silver mining industry will prosper for quite some time due to the fact that a much higher silver price (value) after the collapse of the Fiat Dollar will allow primary silver miners to continue as they use a relatively small amount of energy compared to base metal, iron, aluminum or gold mining.

Silver will outperform even gold in a peak oil environment due to a peak of production, and its rarity in above ground available stocks.  I will discuss this more in detail in future articles.

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Wealth Watchman
Guest

Good stuff, SRS! I appreciate your analysis and hard work, keep it up!
-WW

Jason
Guest
Jason

LOL! Peak oil? They have been yelling about that since before I was born and I am now 40. We have so much darn oil they are running out of places to store it. And now I am seeing reports of empty wells filling up in Texas.

I spent 4 hours so far this week shoveling global warming (snow) off my cars, driveway, and sidewalk too.

Matt R.
Guest
Matt R.

It’s no longer called global warming; it’s now “climate change.”

William F.
Guest
William F.

Soon to be changed to Global Cooling. LOL

Jasper
Guest
Jasper

No LOL on global cooling from me. Read ‘Dark Winter’ by John Casey, and check the population forecasts for 2025 on Deagel.com.

Shortbus
Guest
Shortbus

No, you didn’t get the memo. Now it’s “global climate disruption”. Those Klingons and their disruptors.

Ed_B
Guest
Ed_B

Climate change, indeed… said with a straight face as if the earth’s climate is static and never changes. The fact is, the earth’s climate is dynamic and not static. It is ALWAYS changing to one degree or another… no pun intended. The chart that is sometimes seen that shows the correlation between the sun’s output and global temperatures shows a very close correlation, while the one of atmospheric CO2 content and global temperatures does not. Once one understands that it is the sun that really matters and not human beings, insofar as earth’s climate goes, it is easier to understand… Read more »

BigL1877
Guest
BigL1877

I half agree with you. Although earth does go through a regular warming and cooling changes it’s human activity like the burning of fossil fuels that is accelerating these changes. We are introducing greenhouse gases into the atmosphere the same way volcanoes have always done so. Too much and eat the climate gets out of wack. Its not that farfetched to think that human activity can change eat the climate. Of we get a hold of our run away population problem than we have a chance of saving it. More people means more food which means more fossil fuel burning… Read more »

Lorenzo poe
Guest
Lorenzo poe

Over population got you down? then off yourself and we will feel better.

CHX
Guest
CHX

While the east coast of the US has had a few cold winters with lots of snow and icy spells, this is still just “weather”. In middle Europe, for instance, the last three winters have all been very mild and not cold at all. People tend to forget that. Also, in most places the warmer than average summers usually more than compensate the cold winter weather on an annual basis. While it’s clear that climate has always changed throughout the history of the earth, the evidence seems to make a better case for a current global warming, than a global… Read more »

Scott Wolf
Guest
Scott Wolf

To all you morons,

The fact that oil exploration has reduced to hydraulic fracturing these days means that the easily extractred oil is gone-hence PEAK OIL. It does not mean that oil is not available or even plentiful. It means that the easily extracted oil is depleted.

EROI used to be 1 barrel of oil to extract 15 barrels. Today it is 1:3.

THAT IS PEAK OIL.

Back to sleep in your normalcy bias fairy tale of a world.

Brian Scrocca
Guest
Brian Scrocca

When you were 40 it was .40 cents. It’s not about how much oil is in the ground but what it cost to extract it. Wake up. Wiki the Alaskan pipeline. Pages of logistics. It’s costing billions to find it refine it and dangerous to ship it.

roger mason
Guest

This is a great article except for the Big Lie
about “global oil production continues to fall”.
we have another 100 years of known oil reserves,
another 100 years of gas reserves, and 1,000
year of coal reserves. we can make any liquid fuel
out of coal with SASOL for $2 a gallon. the idea
of an energy crisis is laughable.

Gravlore
Guest
Gravlore

Those numbers would hold if there were no growth. The compounding effect of even 2% YOY growth makes the 100 year number highly inflated.

lastmanstanding
Guest
lastmanstanding

That is what people do not realize…there is NOT enough fossil fuel to continue growth that is TOTALLY dependent on fossil fuel.

You can’t keep letting people who offer less than nothing to humanity and the earth use valuable earth resources. The US is abusing that more than anyone else on earth.

Pay back for a minimum 200 million so-called US citizens is going to be a bitch…I don’t care how much money that you have when this happens…no one will escape the turmoil.

Will Divich
Guest
Will Divich

Great point. We have lots of options and time until a true energy crunch.

Even more time if the abiotic theory of oil proves true.

But getting back to the storyline here, it is true easily gotten reserves of silver are getting scarce.

How many times recently do we hear of fields of placer gold being found?

One thing, however, frustrates the peak [fill in the blank] folks: deposits are continually being found, which always pushes their doomsday date to the right.

lastmanstanding
Guest
lastmanstanding

Will D…ask yourself: What does it take to get these deposits?

It used to take 1 barrel of oil to get 100…now 1:10, 1:5… who knows for sure?

In the old oil days, you drilled a hole and it came out of the ground…today, you have the most incredible tech imaginable and far less volume.

Not to mention how most (supposed) revolutionary method needs bazillions of gallons of fresh water.

RD
Guest
RD

Indeed we would have thought technology would increase efficiency but it is the opposite which happened !

Same thing with new methods to travel, transport and communicate : it has just increased the population concetration into polluted and costly cities.

How stupid the humanity is…

lastmanstanding
Guest
lastmanstanding

+1 brother…+1.

ps…oh how us old farts got anything done or survived before all of this amazing tech came about.

I really woke up in 2010 and have spent the last 5 years retracing back to simpler times and basic things. I recommend it to all as well.

RD
Guest
RD

Lasmanstanding, There are too much waste and longevity of consumers products is not wanted from the robber barons rise in the late 19th century in my opinion. It is the same thing with food : quality of food has decreased dramatically since WWII while food waste has rised in parallel : that’s just complete nonsense. The same thing can be said for living : in europe most of the inside europe (switzerland excluded as there is lots of mountains and a small country with lots of regular immigration, a little bit the same for netherlands or luxembourg) is now a… Read more »

David
Guest
David

Hey Roger Mason, I have a degree in Geology. Do you have any science background? If you believe what you typed you are delusional. What drugs are in your Kool-Aid? We were studying increasing average depths of oil finds & smaller average finds in the 1970’s. That is scientific fact. But you and your sources apparently wouldn’t know science if it sat next to you and introduced itself. The finding and recovery of oil is science and technology based, and the understanding of everything involved isn’t accessible to non- logical, non-scientific or technical mindsets apparently. Did technology [like satellite imagery]… Read more »

Ed_B
Guest
Ed_B

@David… I agree completely. We are all entitled to our own opinions but not to our own facts. As Ayn Rand once said so eloquently, “We can ignore reality but we cannot ignore the consequences of ignoring reality”.

RD
Guest
RD

Petroleum as the major source of energy is over, just waiting the new complete breakthrough technology like cold fusion. Maybe it will happen by 2050 !

houtskool
Guest
houtskool

Please Roger, your argument overload is killing me. Stop it.

RD
Guest
RD

Up to now paper markets are still ruling, that’s it. You do not need any argument : whatever silver miners cash or all in costs : silver is falling and will probably to do so big time in the near future, it has no importance : if you are long silver, you are a loser.

Sad but true…

houtskool
Guest
houtskool

I’m in generational wealth RD. I don’t care about the price in our current fake fiatskies environment. Silver is just one hard asset. Woollen blankets are another, and so are good handtools. You don’t understand that, when the door closes, you will be staring in the fire, together with millions of other people. The paper world is fading away.

Kerux
Guest

Peak oil? Please.

ken
Guest
ken

Steve,

Some silver analysts state that because of Silvers industrial, solar, all electrical switches, photography, and medical uses that very little of the resource remains or or can be salvaged over the last 100 years. Unlike gold, which is still mostly held since existence.

The Point……SILVER is more valuable then Gold! We’ll see!

Thanks for your Posts, I enjoy them.

PS Colloidal Silver gets rid of mucus, A NATURAL Antibiotic.

gary h.
Guest
gary h.

one tenth of an oz of silver has been an average days pay during the last 6,000 years of recorded history[,or you could go back 1,000 years to the beginning of fiat money in China if you wish..silver was $850 per ounce in 1377..THAT is as high as silver has ever been & right now is about the cheapest silver has ever been[an incredible reason to be buying as much as you can afford for all the reasons Steve covers,well being,insurance etc etc etc[well-being & peace of mind are of utmost importance in the times we re presently in &… Read more »

wheedle
Guest
wheedle

In Chris Martenson’s 2008 “Crash Course” he was forecasting “peak silver” in 2015. He also suspects higher energy cost, combined with resource exhaustion, will increase the value of silver. Many people fail to understand Bingham Canyon Mine in Utah used to be a mountain. It is now a hole a couple miles across and three quarters of a mile deep, and is currently the largest copper extraction operation in the U.S. Copper ore extraction is only 0.2% or one pound of copper per 500 pounds of ore mined. This is a good example of how the cost of extraction can… Read more »

Frank
Guest
Frank

The only thing in short supply is U.S. dollars which is why the dollar is rising exponentially now. I know most of you will dismiss this even though the market is TELLING US THIS. The silver trade is just stupid. And if Ted Butler is right about JP Morgan buying physical silver, they are doing it to ensure they can suppress the price for many more decades. Count on it. SIlver will go NOWHERE fast for another couple decades. Silver has been one of the worst investments in the world for how long? Since 1980. Think about that. SInce 1980… Read more »

jack
Guest
jack

Read the article again. He didn’t say peak oil but peak oil production. If the economy breaks less fuel will be consumed never to return to the same amount of production again.

This is the way I read what is wrote.

steve
Guest
steve

why get rid of mucous if you don’t need to have it in the first place? cut out dairy products and no mucous. .Dairy is not a natural food for humans ie humans are the only species that use the milk of another species Roger Mason ls right 99% of the time, like when he said that silver had bottomed at $32, $30, $26, $22, $20, $17 etc. He couldm’t pick his nose let alone the bottom in the silver price. But as he likes to say, ‘who cares what price you buy at when it goes to $100+ per… Read more »

Eyes Open
Guest
Eyes Open

You would not be making the statement you did if you understood just how much paper silver is in the system that made the prices the way they are today. Hold on to that paper money you love so much, but keep it in $1 dollar bills for there will be more to burn to keep you warm when you most need it.
Next Clueless person.

ryan
Guest
ryan

I don’t know where you get the patience, Steve. Keep up the great work!

Jack Spratt
Guest
Jack Spratt

Anybody thinking that we aren’t at an inflection point has ignored reality. It’s perfectly fine to ignore reality, but remember, Reality never sleeps.

The mother nature of reality has been bent many times, but never broken.

Maybe this time is different. LOL

OutLookingIn
Guest
OutLookingIn

In other words; You cannot ignore the consequences of ignoring reality. Fixed it for you.

Rob
Guest

Steve, Sorry about the non-believer comments above. They know not what they do. I appreciate all your hard work to bring the truth to light. To the fools commenting above: Why did US production peak in 1971? 45 years ago? If there is so much oil, why can’t we produce as much as we did in 1971? Especially with all the flashy technology? Why can’t the Saudis surpass their peak of about 11 million b/day set thirty years ago? Why has production peaked in over 75% of oil producing nations? If there is SO much oil out there, why can’t… Read more »

lastmanstanding
Guest
lastmanstanding

Bam. Nice comment Rob.

I have never understood the “turn food into fuel” thing…use fuel to grow/plant food, use fuel to harvest food, use fuel to turn food into fuel, use fuel (that used to be food) to transport fuel to a destination…to be used as fuel.

Thank God I am confused…must be a “green” thing that I just don’t understand.

I guess I’ll just continue to hand spade my garden and plant our food the old-fashioned way.

Rob
Guest

Part II:

The production of oil is one of the most complex processes in human activity. No matter what is happening in the marketplace, it requires a very complex choreography of science, industry and finance. It’s not as simple as plopping down 50 bucks on the table for a barrel of the black stuff.

We are “eating the seed corn” at current prices. It will eventually catch up with us.

David
Guest
David

Rob states it well.

Choosing to believe there is 100 years’ oils supply at current consumption rates, and that it is recoverable, is as good a fairy tale to believe in as any I suppose.

lastmanstanding
Guest
lastmanstanding

Kudos again Rob…and then there is the Canadian wet dream of oil sands.

David
Guest
David

….I like silver simply because poor folks can access it too. We may never get another buying opportunity as we see happening right now. I say for those that are skeptical about silver, leave it alone. That way there will be more for those of us that aint.

smc
Guest
smc

peak oil, peak prosperity blah blah blah.

chris martensons new website rumored to be called peak stupidity.

Brian
Guest
Brian

Way to go Steve,

Looks like govt trolls here in force. You must be hitting a sore point or even two!

Peak oil and silver – how dare you!!

timb
Guest
timb

I got into silver starting in 2002 when I read that low silver prices were due to the US gov’s stockpile which would soon be running out. Like clockwork, the stockpile was gone and silver started rising. So the question now is, WHERE’s ALL THE SILVER COMING FROM NOW? I keep reading that there are no huge stockpiles of silver anywhere..so WHERE’s THE SILVER COMING FROM? Until someone can answer this question, all other analysis is BS. As long as there is supply the price will stay low….end of story!

lastmanstanding
Guest
lastmanstanding

Timb…at these prices, who cares.

I always tell people, “you either believe in real tangible valuable sustaining items from the earth, or you don’t…and you better have a back up plan or 2.”

I think the word tangible is a real problem for most of them. Valuable means a credit card or cash.

Sustaining means a trip to Mc D’s, DQ, etc…or someone who’s real savvy, the grocery store.

I hope that you still have that 2002 Ag or that you moved it in the 40’s and bought something that is still, tangible, valuable or sustaining.

Brother, it’s all BS.

Tony Nobaloney
Guest
Tony Nobaloney

I don’t know where the silver is coming from but I suspect the price of silver is coming from the CRIMEX.

How long can they keep the price where THEY want it?

David
Guest
David

Tony,

Until big money creates a massive shortage. India and China will see to that.

Brian
Guest
Brian

Hi Timb, Interesting point this. Eric Sprott has been explaining how the fundamentals must cause silver price to rise and has been 100% wrong. To be fair he walks his talk and bought a multi-million dollar position at a top and had to unwind quickly, but the point is that he is supposed to be one of the specialists on precious metals and he got it wrong. Then to add insult to injury at the back end of last year his chief strategist, John Embury, said in two interviews I heard that he has no idea where the silver is… Read more »

Giorgio
Guest
Giorgio

I think there’s no need of hidden supply.
Industrial demand has been quite flat in the last years, while mine production grew up from 613 moz in 2004 to 820 moz in 2013, enough to satisfy real silver investors, I believe.
Besides, comex manipulators don’t need physical silver to play their games, so…
Things are gonna change when production will stop to grow.
With silver price so low, I don’t think that moment will be too far; miners can’t go on losing money for too many years.

Jd
Guest
Jd

I don’t pretend to be a PHD in Geology (or anything else) however I do remember as a kid growing up in the ’70s, we were taught that the Oil in the ground would be all Gone (ie, used up) in 20 years (by the ~’90s) so we would have to find alternatives before then or else. Now, 40 years later the World is awash in the stuff! And in some places, are finding that it (oil) has somehow renewed itself. What’s that all mean…why were the Scientists and PHDs of the ’70s wrong? I don’t know, but I’m buying… Read more »

km
Guest

A year, huh? Wow, you really think long-term.

Brandt
Guest
Brandt

Just listened to a handful of oil industry experts with years of experience in the field. Main jist of conversation was about oil really coming from mantle of earth, NOT from fossils. Spoke about many numbers of oil fields in Middle East, NA and other global locations that became nearly emptied, then years later filled up again. Their conclusion: Oil is a renewable resource, not a finite one. Check out abiotic oil and dig into the FACTS from outside sources beyond U.S. government & UN controlled experts and statistics. They have an agenda to hide the truth vs. those who… Read more »

Jd
Guest
Jd

Steve,

I’m not familiar with Mr Hubbert but if he made somewhat accurate predictions in the ’50s he was probably just LUCKY, not having any accurate idea of the actual Demand or the developing Efficiencies in using energy over the next 60+ years.

The price of Oil will remain depressed for some time which will actually benefit the PM Miners. Unfortunately, the over-leveraged Oil Frackers will get slaughtered over that time…to the delight of the Saudis, Russians and Persians.
Y,
Jd

OutLookingIn
Guest
OutLookingIn

Jd, You would be well advised to educate yourself about M. King Hubbert (geoscientist) and his generally accepted “Peak Theory” and bell shaped depletion curve, before you flippantly toss his predictions off as “just LUCKY”. Equally ludicrous is the belief in a thousand years of coal supply! Hubbert’s ‘peak theory’ is utilized here to show that coals energy output per mass, has dropped significantly since 2000. Simply put, all the “good” (clean burning) hard (anthracite) coal has been mined and used, while the softer “dirty” (polluting) coal is all that’s left to burn. As in, peak oil. All the easy… Read more »

gary h.
Guest
gary h.

actually you get $2500 silver, & $22,500 gold..at a 9-1 ratio of silver – gold in the earth’s crust..my bad calculation..must stop tying so fast..lots of typos/errors.. hope you can still read.-gary

Larry Galearis
Guest
Larry Galearis

Steve, Yes, I agree with every word about silver. There also has been a swelling anti-climate change movement. Most of this is buried in ignorance and provincial outlooks and short memories: the snow is deep, the air is chill, and yes, we’ve had two years of extreme weather….But they are decidedly not saying this in Europe and especially the Ukraine. There they had two years of extremely mild winters that even saw Kiev go on a winter offensive…. The other point is that the financial system is too precarious for any shocks – like curtailment in economic policies from the… Read more »

Professor
Guest
Professor

Sorry, but it’s hard to take seriously any article full of grammatical errors. Maybe the substance of the story is excellent (I don’t know, I’m not an economist), but when the message is wrapped in high-school English mistakes, its credibility suffers. I could never forward this article to my friends and expect their serious consideration–something I have often done with posts on other websites about precious metals…

OutLookingIn
Guest
OutLookingIn

Professor,

Shoot the messenger and ignore the message. Professor of what? Sophistry?

Pt
Guest
Pt

You are an a hole

OutLookingIn
Guest
OutLookingIn

LOL

GermanReader
Guest
GermanReader

You can read the report from the BLS, there are no grammatical errors inside but it is BS anyway. And take it for real because of correct grammar.

By the way steve i ( and i think i can talk for a non native speakers here ) like the way you write because is good to understand und i don’t need to use the dictionary all the time.
So i really enjoy this place here.

houtskool
Guest
houtskool

When those billions in iou’s start to fade, it will partially go into pm’s, physical of course. But it will also cause immense preasure on the world’s just in time economy.

http://www.feasta.org/wp-content/uploads/2012/06/Trade-Off1.pdf

Or:
http://ftalphaville.ft.com/files/2013/01/Perfect-Storm-LR.pdf

houtskool
Guest
houtskool

Pardon me professor, that would be pressure, not preasure.

OutLookingIn
Guest
OutLookingIn

lmao!

jack
Guest
jack

Data can be altered intentionally or by mistake. Is there one person here who actually knows for themselves (factual without interpretation) what is really going on this planet? Is there such a person that exists? I know we all need something to believe in and stand for but maybe we should analyze our own beliefs systems first.

Red
Guest
Red

This is a great website. Thanks Steve. My take is that when
producers (debt recyclers) start to walk away from insolvent
businesses then the cracks will appear. Here in OZ for instance
the biggest silver supplier has something to do with the West OZ
State Gov. It makes me laugh to think here in OZ we trade real
goods and commodities for notional debt instruments, must have
burned through 500 years worth of production supply. But seriously
I’ve tried to get debt to equity ratios on primary industry, mining
etc very hard to find online. Possibly a story on this Steve?
Great site anyway…Red

sunny
Guest
sunny

When ever any news come from any analust for buying gold silver or oil markets go down. these moder fukrs are paid for these rumers.

Jessie
Guest
Jessie

Well said Steve. Too many trolls here though drunk on CNBC Kool-aid. As the well count drops, the trolls will sober up!

al
Guest
al

I am retired and on Social Security. I have to walk everywhere I go because I cannot afford oil, silver or gold. I find that I like food better than any of these

RD
Guest
RD

Foe people who have one million dollar, not sure that jack daniels bottles hoarding in the best solution in a term time frame…

Frank
Guest
Frank

I would like to say today after the constant beating in PM’s and the PM stocks that it is far from over. I have been investing for over 15 years and I can tell you…..usually if something is about to head higher you can feel amazing fire power under the said asset, just building and building and building before the big rise. The opposite is true with Gold and Silver. If you walk away from the doomsayer blogs like this one and look around what is ACTUALLY happening in the the United States you can see that the tide has… Read more »

David
Guest
David

And you will continue your self-aggrandizing, highly opinionated rants, which will change no one’s mind, but I’m sure they are important for you to rationalize & justify the way you think and the decisions you have made.

Leave others alone to make their own way in life; good luck to you in yours.

David
Guest
David

” If you walk away from the doomsayer blogs like this one and look around….”

Why don’t you walk away from blogs like this one; never read it or post again. Can you?

Alohajim
Guest
Alohajim

Frank – I get it but I’m going to continue to bet on gold and silver over debt based fiat created by bankers from nothing. Best of luck to you. Re peak oil – does not mean that we cannot run out even if it is abiotic. It’s pretty clear that we are extracting at a higher rate than the earth is producing it. Ok, here’s something for all you geologists, scientists, and schoolboys to jump on : sorry in advance, but the idea that oil is produced from ‘fossils’, ie dead animals, is ridiculous. This idea, widely held and… Read more »

David
Guest
David

Show me ANY science backing the belief/wishful thinking of abiotic oil. Anything.

CHX
Guest
CHX

While the east coast of the US has had a few cold winters with lots of snow and icy spells, this is still just “weather”. In middle Europe, for instance, the last three winters have all been very mild and not cold at all. People tend to forget that. Also, in most places the warmer than average summers usually more than compensate the cold winter weather on an annual basis. While it’s clear that climate has always changed throughout the history of the earth, the evidence seems to make a better case for a current global warming, than a global… Read more »

Frank
Guest
Frank

The critical reason why silver will keep going down: because it was way overvalued and not the bubble continues to work off.

Dave the Stacker
Guest
Dave the Stacker

My God! Will all the tree huggers take a hike and leave those of us who believe silver is the new money. Just wait until a loaf of bread is $700,000 fiat dollars and good luck with that.

tinfoilhat davy
Guest
tinfoilhat davy

It has been a real challenge to read through all the comments before I put my 2 cents in! Thank you, Steve for an interesting article. I googled to here because I was curious about gold/silver production ratios. The ticker at the top seems to say about 1 to ten. I have held PMs in small quantitys for a long time. I’m more into base metals, I measure my copper pile in tons! I’m looking for advice- I’m cashing in an old 401k and looking to buy some more Ag. I really am drawn to the Canadian $5. Maple Leaf,… Read more »