Saturday, 23 December 2017

Silver: Mr. Supply let me introduce you to Mr.Demand....................from Rico

The three attachments [Silver] are interesting in-and-of themselves, but the third one is particularly interesting.
- In 1915 the US produced 40% of the global Silver supply.
- In 2017 the US produces 4% of the global Silver supply.*
Now think about Silver in "supply & demand" terms:
- Today the US has to import ~22% of global Silver mined annually to meet it's domestic demand. 
*I refer to physical Silver, and NOT the 'notional' paper Silver traded on The CME's COMEX.

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