Investors and Institutions are not prepared for the massive changes coming in the future. They still cling to a strategy of investing that is now… DEAD. Unfortunately, they don’t know it yet. Due to the coming Energy Cliff, investors will be forced to move into precious metals to protect wealth in an economic environment where most Assets turn into Liabilities.
In my newest Youtube video update, I put together some of these factors that will lead to Global Silver Supply shortages and much higher prices. I provided SRSrocco Report subscribers with my newest analysis on THE UNBELIEVABLE HIGH COST TO PRODUCE SILVER TODAY.
Thus, the Floor price of silver has moved up considerably due to huge production cost increases.
We continue to sponsor Cloud Hard Assets on the SRSrocco Report because they provide some of the best bullion prices and services. I store some of my metal and pay the lowest cost in the industry.
You can contact Tom, Dan, or Jade… Click here: CLOUD HARD ASSETS. You can also call (800) 247-2812.
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I appreciate you guys fighting the good fight. I’m trying to persuade a couple of friends to act before events get out of hand. I’ll forward this presentation and see how it goes.
It’s amazing how many close family, friends, or warm acquaintances it is impossible to reach about this or other important things they should do for their current and future well-being.
As a semi-retired healthcare provider, I can tell you it’s impossible to get some to drink water instead of soda. Or reduce their sugar intake. Forget something that requires effort like walking.
Sad but very true.
This is why so many people were willing to sit at home and collect government checks instead of controlling their destinies. The central life themes have to revolve around Liberty and Good Character.
Agree; also lack of responsibility and independent thought [which fits in with Good Character].
And the lack of concern for their future. “The present is fine; live for today. Eat, drink, and be merry”.
Fine theme for a holiday, or a few rounds with old friends…aside from I’ve seen too many get behind the wheel after drinking too much, getting back to their character or lack thereof.
The wear and tear on mining equipment is significant, requiring lots of replacement parts. Those giant tires on the trucks take a lot of punishment. It must be getting harder to keep it all running, especially at these low prices.
Since most Ag still comes from [the motivation of] primary mining of copper or zinc [maybe also the primary mining of 1-2 other elements], that’s the reason the price of Ag is as low as it is.
If it all had to come from primary silver mines, the supply would be less than half of what it is now.
Hmmmm, a healthcare provider Eh? We have an interesting bunch in here don’t we. You people have been through hell in the last couple of years. Thank you 😊
Can I make a suggestion DC? A book to read. I am sure you will find it interesting. Don’t judge it, just read it.
https://www.amazon.com/Optimal-Dose-Restore-Health-Vitamin/dp/1732655006/
I still hear “experts”predicting that silver will fall as low as $18/ounce, or lower. This seems unlikely given Steve St. Angelo’s analysis that the cost of producing silver for mining silver companies is now north of $20. This creates a bottom somewhere above this cost since producers are not going to sell silver at a loss over a meaningful period of time, and they need to make a profit.
Silver Canon,
It looks like gold and silver can only go up in price given the current situation.
Whenever the situation seems so clear, things turn out differently.
The majority is wrong most of the time, maybe this time too.
While I doubt the Silver Eagles will fall to a level of $25 wholesale, the spot price could even drop below $20 briefly if there is a market sell-off like it did two years ago.
The general cycle trend is negative for one month.
What is your opinion TT, can you give as a update on your thoughts please.