If you can get the morning meeting posted w enough time to listen to it in full by 0915, that would be terrific. (I recently moved my wakeup alarm from 06 to 0530 🥱 to ensure I can listen ( w frequent small rewinds), digest it, and prepare my trading strategy for the day.)
If I may bother You all again... I have a couple Fool's day questions... on Silver.
Really wish someone could answer them... or thinkering about them.
It doesn't make any sense to me...
a) I strongly believe that the current economically available Silver stock above earth is no more than 250-300.000 tons.
Flux to stock is about stable at 30.000 tons/year but: primary silver is going to be depleted in a very short time (3-5 years) (more on that in the second question) and silver is consumed more or less at the same 30.000 tons/year, so keeping recoverable stock more or less at the same level.
Gold stock is about 250.000 tons (better minds wrote me that in reality is nearer to only 200.000) with intake of 3.000 tons/year and outtake of? 100?200? tons year
So... my question: why silver is so low? Wouldn't be reasonable to be same or even more precious than gold itself?
b) on USGS estimates. In the latest 5 years they seem to postpone the depletion date adding a lot of tons to the reserves... (compare 2018 to 2024 estimates)
But how? I'm not at all an industry insider so I don't know of any new primary silver discovery... so, how can they simply add 100.000/150.000 or more tons to the reserves?
1) they know something I don't know?
2) new mining technologies?
3) tinfoil hat on: new usgs personnel (maybe a "distinguished" BLS stat guy?)
4) double padded tinfoil hat on: TPTB told them to write so... fight club mode ?
What am I missing?
Thanks to all You... You are needed to keep my mind sane!
Hi Vince,
Big thanks for all you do.
If you can get the morning meeting posted w enough time to listen to it in full by 0915, that would be terrific. (I recently moved my wakeup alarm from 06 to 0530 🥱 to ensure I can listen ( w frequent small rewinds), digest it, and prepare my trading strategy for the day.)
Cheers,
(California PST)
Happy Fool's day fellow fools! :)
If I may bother You all again... I have a couple Fool's day questions... on Silver.
Really wish someone could answer them... or thinkering about them.
It doesn't make any sense to me...
a) I strongly believe that the current economically available Silver stock above earth is no more than 250-300.000 tons.
Flux to stock is about stable at 30.000 tons/year but: primary silver is going to be depleted in a very short time (3-5 years) (more on that in the second question) and silver is consumed more or less at the same 30.000 tons/year, so keeping recoverable stock more or less at the same level.
Gold stock is about 250.000 tons (better minds wrote me that in reality is nearer to only 200.000) with intake of 3.000 tons/year and outtake of? 100?200? tons year
So... my question: why silver is so low? Wouldn't be reasonable to be same or even more precious than gold itself?
b) on USGS estimates. In the latest 5 years they seem to postpone the depletion date adding a lot of tons to the reserves... (compare 2018 to 2024 estimates)
But how? I'm not at all an industry insider so I don't know of any new primary silver discovery... so, how can they simply add 100.000/150.000 or more tons to the reserves?
1) they know something I don't know?
2) new mining technologies?
3) tinfoil hat on: new usgs personnel (maybe a "distinguished" BLS stat guy?)
4) double padded tinfoil hat on: TPTB told them to write so... fight club mode ?
What am I missing?
Thanks to all You... You are needed to keep my mind sane!
Marco