The Coming Global Silver Production Collapse & Skyrocketing Silver Value

The global economic and financial system is in much worse shape than I originally thought.  New data and information suggest that the collapse will occur much quicker and with more dire results. This will cause global silver production to literally fall off a cliff within the next decade.

Global-Silver-Production-Profile-NEW

Again, this is far worse than anything I imagined before. As I mentioned, new information and data point to a rapid “Thermodynamic collapse” of the U.S. and Global Energy Industries. According to Louis Arnoux, from his article, Some Reflections On The Twilight Of The Oil Age:”

Within 10 years the Oil Industry as we know it will have disintegrated.

Furthermore, another quote from the article citing the Hills Group:

B.W. Hill considers that within 10 years the number of petrol stations in the US will have shrunk by 75%…

I plan on writing several long articles on this new information based on a 3-part article by Louis Arnoux.

That being said, global silver production is likely going to collapse at a much faster pace than I originally forecasted.  Here is my chart of estimated global silver production:

Estimated-Global-Silver-Production

Global silver production will likely peak at 28,000 metric tons (or less)…  500 metric tons higher than the amount reached in 2015.  Currently, global silver production has increased slightly in the first five months of 2016 compared to the same period last year.  This was mainly due to Peru ramping copper production by 50% Jan-Jun 2016, thus pushing up it’s silver production 15%.  The majority of Peru’s silver production increase has come from a by-product of its surging copper production.

Regardless, the Fed and Central Banks attempt to prop up the Global Economic and Financial System will soon hit a BIG WALL… and this is the THERMODYNAMIC ENERGY WALL. 

The notion that the Elite will continue to control the Fiat Monetary System through market intervention for the next century is complete HOGWASH. Thus, the LOUSY CONSPIRACY THEORIES forecasting that the elite will have a one world government, are completely unfounded and lack any logical sense whatsoever.

Again…. things are going to collapse at a much faster pace than I previously thought.

Thus, the collapse of the U.S. and Global Oil Industries will destroy Global GDP and economic activity at much faster pace.  This will cause the disintegration of most paper assets and real estate values at an alarming rate.  The only way to protect wealth will be in physical gold and silver.

I don’t know if we will experience a skyrocketing silver price as investors flood into the physical metal, or if the value of silver will explode in relation to plummeting asset values of autos, boats, real estate, stocks, bonds and most paper assets.

The TIME CLOCK of the collapse of the Global Financial System has sped up considerably.  I will be writing several detailed articles on this over the next few weeks.

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John
Guest

You do very good research and your articles are excellent. However, the elite Will have their global government because the Bible says so. We are about to enter into the Tribulation period, and halfway through is when the beast (antichrist) will rule the whole world. He will set up a one world government, religion, and monetary system. But he will only rule for 3 1/2 years when Jesus will return and throw him into the lake of fire and set up his kingdom for 1000 years. You can find more on this with timelines at ItsHisStory.com

houtskool
Guest
houtskool

The antichrist will have to fuel up his Chevy Suburban where excactly?

All fairy tales will dissapear.

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

http://www.feasta.org/documents/risk_resilience/Tipping_Point.pdf

http://www.tullettprebon.com/strategyinsights/

Do not fall into another post carbon trap, but prepare yourself and save the 666-shit for later.

retro
Guest
retro

lol bible hogwash

Cool guy
Guest
Cool guy

Lmao that bible jargon

SHAWN CHAPMAN
Guest
SHAWN CHAPMAN

If you read the Bible carefully you will notice that the Antichrist does not rule the whole world. Only Jesus will rule the whole world.

km
Guest
km

Satan as anti-christ (deceives) the whole world, except the elect!

km
Guest
km

The days have been shortened to 5 months – Revelation 9:5. The days have been shortened for the sake of the elect! Good thing to, because no flesh would be saved!

sarah
Guest
sarah

True.

Thank God for the Elects sake he has shortened the time to a 5 month period.

It’s nice to see a comment by someone who know the truth.

It can get lonesome out here in comment land sometimes. 🙂

I always enjoy reading a comment by someone who knows what’s going to happen at the end of this earth age.

May many blessing come your way as we await the return of Jesus!

WhatsUpDoc1958
Guest
WhatsUpDoc1958

A small remant of us hold to the Historicist view of the book of Revelation, as held by the Protestant Reformation leaders.

Using the Year for a Day principle, 5 months translates to 150 years. Using the Historicist interpretation, Islam waged 150 years of war from 632 AD to 782 AD, and is still a huge problem to this day. The first invasion of Europe by the Muslims was stopped by Charles Martel in 732 AD.

“Je suis Charlie”.

“Hal Lindsey says the darnedest things.”

🙂

CHX
Guest
CHX

We’re already there… It’s called UNO !

Bogwood
Guest
Bogwood

John, being a certified blasphemer, for a prepayment of one hundred ounces of silver I will take care of your pets, in the event of a Rapture event.

i1
Guest
i1

Disintegration is the logical path for global economic systems, just as we witnessed in 2008. Furthermore, many collapseniks are predicting interest rate spikes, which are impossible in an increasingly constrained energy paradigm. That is, an upward adjustment of interest rates would implode the system, therefore the system will marshal in a regime of negative rates. It is beyond political control, and a one way bet for monetary metals. This will occur in spite of a century of brainwashing by central banks, and in fact they probably have unwittingly exacerbated the predicament.

Thank you Steve for your perseverance.

Ed
Guest
Ed

Within the next decade?!? Try, within 2 years. By the end of September or early October, the economic crash will happen! Bix Weir has managed to reveal a much more accurate timeline.

Buford Pusser
Guest
Buford Pusser

Bix wierdo believes in aliens and thinks Alan Greenspan is one of the good guys. The only thing Bix has managed to reveal is his need for heavy medication.

joey
Guest
joey

The elites power will evaporate once Christ returns. Until then, Hallelujah !

km
Guest
km

If I were you, I would not call biblical prophecy Hogwash! The One World Order is almost complete, and nothing will stop it from happening. There only has been a handful of people running the planet, the others you see going to a fro, are their minions, and do their bidding. All these events are being (fast tracked) because the elites realize this is the time for the re-set! Might I add (only) if the FATHER allows it to be so! If HE does, then the global conflict will engage soon, and then satan as anti-christ will arrive to stop… Read more »

Cool guy
Guest
Cool guy

Lol hog wash

Magyar
Guest
Magyar

To KM: and others . I am envious of people like you, who can stick his head into the bible ,and say we will be allright.Humans were killing each other way before Christ was even thought of.This is our nature, somebody ,or groups always want to control the others..By nature we are corrupt ,there for humans will do anything to get what they desire . Today is not any different. As far , as the markets are concerned ,precious metals ,etc, are all rigged , and i am pretty tired of all these articles , predictions about price, and break… Read more »

Ray
Guest

It’s always the same old way. People criticize people that believe in God and the bible but yet they have never read the bible and know nothing about the bible. Only a fool does such things.

Keep up the good work Steve.

DAVE
Guest
DAVE

I know the Bible pretty thoroughly…..and was raised Methodist,…teen yrs followed my big brother to the Evangelical Southern Baptist,…then fell crazy in LOVE @ 18 and joined the Mormons! I will say the Mormons were way ahead of most other churches, religions, and or CULTS, in following what they believed and had a SUPERIOR FAMILY PROGRAM!! LOL!! I stayed 13 years until I finally considered myself “worthy” to get to go inside the temple @ SLC. My wife & I almost ran outta’ there! Nothing but “MASONS” rituals scrambled up! So,…I gave up on the idea of a God who… Read more »

Bill Sodomsky
Guest
Bill Sodomsky

Once again Steve, an excellent assessment of what underlies our intractable and ongoing predicament. “Energy Deflation” is a bitch. Everyone who populates this site should devote whatever time and effort it requires to fully understand what Energy Deflation is, and how it will destroy our current debt-based financial system. Unless (impossible), the world finds or creates an alternative energy source equal to or greater than fossil fuels… tomorrow, there is simply no alternative but for ever exponentially increasing debt in every conceivable market. Soon… even the most moronically inclined will not be able to deny the reality of diminishing capital… Read more »

Gord
Guest
Gord

Bravo. It is so refreshing to see symptoms linked to the proper underlying causes. The opening ceremonies for the Brazil Olympics were a rehash of new age “global warming” pablum. That stubborn, misguided brainwashing is going to handicap decision-making at all levels of society.

john folger
Guest
john folger

dos hillery work for satin/rothschild

Simon
Guest
Simon

Steve
What will the number of electric vehicles be in ten years?Apparently from some reports that China alone will have 50M on the road in 10 years.If I were an owner of an electric car, I’d sure want to have solar panels at home and charge via stored energy,i.e. batteries. How will the solar/silver markets keep up with demand as there is 1-2 ounces of silver per solar panel. Furthermore how will the oil industry and miners of materials required for batteries fair

BMH

gman
Guest
gman

“China alone will have 50M [electric vehicles] on the road in 10 years.”

if they can see through the coal smoke to drive them ….

houtskool
Guest
houtskool

Don’t go all in. A post fossil world collapses in ways that cannot be imagined. With 7 billion+ people and a JIT economy, it’s rather dangerous to ‘bet’. During the first stages of collapse, the need for silver will be near to zero. If you survive the first stage, that means you’re a very lucky guy, the second stage could provide a certain role for physical silver. The third stage is what it’s all about. A post carbon world. With 40 trillion negative yielding gov debt, as we speak, we’re close to airbags blowing up in your face while you… Read more »

gary hillerich
Guest
gary hillerich

unfortunately i heard the same thing in 2005..when i was 55 by 2025 i’ll be 75[ if the world even makes it that far]..at 75 years of age whether i have $200,000 or $2,000,000 doesn’t much matter.. the new world order will already be well entrenched and PM will be bartered underground.. the jack booted NWO thugs will surely have already come for my metals so if it takes 10 more years for the metals to really go parabolic,i think I’ll sell my metal now,take my 25% profit,and live life to its fullest while i can still walk w/o a… Read more »

Tony Nobaloney
Guest
Tony Nobaloney

That, my friend, is a wonderful idea.

Kelly
Guest
Kelly

First graph X-axis is unexplained. What does 0-10,000 represent? I assume time. The elite are (according to the theory) planning a New World Order. They have said it, so it’s funny to call their plan hogwash. Maybe they will or won’t achieve it, but empires were maintained with and without fiat currency and oil. Disappearance of cheap oil could even make them stronger – if only they have the remaining oil. You’re a good analyst, Steve, but you really don’t what’s going to happen politically in the future. It’s hubris to believe you do. And you seem to have reasonable… Read more »

Bill
Guest
Bill

Hi Steve,

have you seen this document ?

http://www.sciencedirect.com/science/article/pii/S0921344913002747

Best Regards

Tom H
Guest
Tom H

LOL, because the Bible says so. Be a good slave and sit back and watch evil destroy the earth because God and Jesus will save you in heaven. Have any of you studied where that bible you have faith in came from in the first place? Oh yeah, it came from God right? Evil triumphs when good me do nothing. The bible has a lot of good men waiting for their salvation. They will allow the douche bags that wrote it in the first place their NWO because the bible says so. So screw, don’t fight back, don’t do anything,… Read more »

David
Guest
David

“I plan on writing several long articles on this new information based on a 3-part article by Louis Arnoux.” I’ll look forward to that because I thought this was a relatively “hasty write” by your standards. I’m posting this after reading 37+ comments; then I read the article. I have no problem with people believing what they want to believe. I just want them to acknowledge it is their belief; don’t try to ram it down others’ minds as absolute fact because you and some friends believe it, or it is in a book, regardless of how holy or high… Read more »

Paul
Guest
Paul

Thank you Steve for your continued hard work and brilliant analysis. You are one of the best out there.

Paul
Guest
Paul

Does the publisher of this article actually look at the real world? Im hoping hes right but the actual price has dropped AU $2 t/oz.

CHX
Guest
CHX

Paul, Steve does NOT make any short (or even mid-term) price forecasts, where pretty much “anything” can happen, as long as the paper markets (CONeX/LBMA) remain the heavy-weights in the price setting. As fizzical PMs are sucked up by the eastern exchanges in SIZE (golden BRICS accumulation), as declining ore-grades and EROI on energy will force a resolution of the current fiat shenanigans sometimes down the road – a road that is going steeper and steeper downhill from here and a bumpy ride is guaranteed.

Steve, thanks for sharing your outstanding work.

X (regular reader since ca. 2011/12)

william
Guest

Just found this site, Steve the Editor knows his subject, Sorry about the religeous nut jobs.

r stone
Guest
r stone

Thank you for the info.
As far as the conspiracy theorists, one thing that can be a game changer
is a new digital monetary system that eliminates cash and possibly eventually gold and silver which they will outlaw.

David
Guest
David

Commenters on this site [and others] have addressed this over and over. Make something illegal and you create a black market.

Joe Lindell
Guest
Joe Lindell

The Silver bull for 2016 just died. A few miners are reporting a profit after 2 to 3 years of loses. The spot
was $19/00 for the calculation. If silver went back to $20 more silver mines will restart. Wishful thinking
and blaming manipulation isn’t involved here. It’s simply knowing that they can produce silver with
production costs at $15.00 or less. Then simple supply demand dynamics kick in. It will be many years
before we see 425 silver.

gman
Guest
gman

“rapid ‘Thermodynamic collapse’ of the U.S. and Global Energy Industries … The only way to protect wealth will be in physical gold and silver.”

heh.

“I’ll pay you ten ounces of silver for that bag of corn.”

“NO!”

“an ounce of gold then?”

“GET LOST!”

“two ounces?”

[snick snick ….]

Dr Charles
Guest
Dr Charles

Statistics and charts can be interpreted hundreds of ways and twisted to make YOUR points. Reality is in the coming years when Gold and Silver have dramatic increases in price, this will, as in the case of Peru’s Copper mining surge, lead to massive mining activity. Keep in mind mining Gold and Silver costs are somewhat fixed wether gold is at $1000/oz or $2000/oz, it still costs about the same to mine. Yes, it takes many years to develop new mines, however, currently operating mines can ramp up production…just like the Copper mines in Peru. If Gold and Silver keep… Read more »

Silvrwillwin
Guest
Silvrwillwin

Dr Charles , From what you’re saying , it would seem that there is allot of physical gold and silver just below the surface ready to be had once certain prices for the metals kick in . Do you believe that both are infinite or finite in nature concerning what’s in the earth ? From what the experts are saying , for physical silver mines around the world especially , all of the easy to get , in the earth’s crust ore is mined out already , gone , poof , forever !! Since 1940 when the industrial and technological… Read more »

delacroix
Guest
delacroix

most people are unaware, that gold and silver ore deposits are not the same. there is still gold in veins, miles deep in africa. silver deposits tend to be close to the surface, with ore grades diminishing, the deeper you go. most all of the low hanging fruit has been picked. in the future you will have to process a lot more ore, to get a lot less silver. that’s gonna take more energy. some of these comments would be more appropriate at hagee ministries blog.

David
Guest
David

I checked with a close friend with a MS in Geology [I have a BS]. He said mining of G & S wasn’t his particular area of expertise; but he couldn’t confirm the line of thought above to be true.

If you are a mining geologist with expertise in G & S then what you say above is more likely to be true. If you are just repeating what you have read or heard elsewhere….who knows.

Deep deposits of gold or platinum are increasingly hazardous and expensive to mine; that’s a fact.

Dr Charles
Guest
Dr Charles

These “pay for article” gurus most likely have never been to a mine site. I’ll give you several penny stocks to research on GOOGLE and you tell me, after reading, if there is no “low hanging fruit”. LODE Comstock Mining 41¢ TGD Timmons Gold 54¢ SVBL Silver Bull Resources 19¢ CJTF Gold & Silver Mining of Nevada .006¢ GSS Golden Star Resources 75¢ Do a GOOGLE search: List of Gold Stocks | All Countries | Gold Mining Companies List of Silver Stocks | All Countries | Silver Mining Companies These are just a few of the hundreds of companies actively… Read more »

RD
Guest
RD

The world is awash of silver as can be seen on the silver basis/bases.

There will be no production collapse in the next few years.

There will be no comex default as stated by the clown bill hotler.

There will be no contracts settled in gold instead of USD as stated by the jackass jim willie.

David
Guest
David

And you, like anyone else, right or wrong, are welcome to your opinions.

If I were a better I’d “short” your opinions.

RD
Guest
RD

Thanks. We cannot begin each sentence by the term would. Obviously nothing in life is 100% sure. For example gravity on earth : can we be sure 100% that it will not change dramatically from tomorrow ? Just I wanted to say it is that the odds are very low : production peaked in silver, maybe but a collapse no. Same thing for oil : as you can see each sucker capitalists in the USA increase drillings and production of shale oil as soon as 50 USD/barrel. The chinese clowns will have to do the same trick the west did… Read more »

gman
Guest
gman

“Nobody can afford a western collapse nobody”

oh no, no no no there’s people – “elites”, “international financiers”, the “deep state” – who most definitely can afford it and in fact are working for just that. they hate the united states, they hate europe, and they look down on asia, and they’d be ecstatic to see the nations reduced to stone-age living and populations reduced by 99%.

RD
Guest
RD

They hate nothing, they just bow to their master : possession. If they have to destoy most of the humanity I am sure they will or at least try to do it because they did twice in the last century. But they are not acting as proactive beings, they just react by/in defense of the whole system. You are probably american, so you cannot understand what is the history of europe and do not understand the risk involved in such controled demolition and that is the reason why they are just caught in the system they love so much and… Read more »

Paul Ball
Guest

Your article puts another tick in the gold column for me

Bigfoot
Guest
Bigfoot

This may have been covered above, as I haven’t read all of the comments. But there is some evidence that the PTB have suppressed certain technologies for perhaps a hundred years. If so, undoubtedly alternate and effective energy solutions are among the things kept from public access. Reliance on oil allows the PTB various methods of powerful control. It also affords them a method of present and future chaos generation, upon which they feed like vampires on a jugular. At this late date the worldwide institution of any new energy technology would take unprecedented international cooperation (and some universal economic… Read more »

Cal
Guest
Cal

I like to try to predict outcomes myself. I used to think energy was limited, I tend to think now that it is, at least somewhat limitless (The sun is anyways). We’ve got plenty of stored carbon in the earth, we burned wood for heat most of my life, it’s interesting how some harder woods have more BTU’s stored in them, god I loved burning red oak, now I have access to stands of dying applewood, but alas, I got rid of my house, it was uneconomical, taxes, upkeep, and my wages didn’t keep up, as a typical American I’m… Read more »