Silver Bullion – Perfect Storm Brewing in the Physical Market
By: GoldCore
SilverSeek.com
Friday, June 3rd
Silver bullion is seeing a “perfect storm” brewing in the physical market according to an article replete with some recent videos about the silver market by Rory Hall of the precious metals website, The Daily Coin.
From the Daily Coin:
Silver has been money longer than gold. Silver is called the “people’s money”, while gold is called the “money of kings”.
In the U.S., silver was an integral part of our monetary system until 1964 when it was gradually removed from coins. This change has not slowed the depletion of above ground silver stocks, nor has it changed the volume of silver being used, on a global scale, for everything from computers, TV’s, cell phones, bombs and solar panels to name but a few. Silver is vital manufacturing material in today’s world and, as stated, is money.
This is to say nothing of the investment demand that has exploded over the course of the past ten years. Investment demand for silver coins and bars has never been higher. The U.S. Mint, Royal Canadian Mint and Perth Mint all set new records for silver in 2015. All three of these mints are on pace for another new record in 2016. Physical silver is in high demand for every purpose in which it can be used.
Let’s review some of what we know to be absolute facts regarding physical silver in 2015-2016 and beyond.
China and India both have massive solar energy programs for each country – which requires, literally, tons of silver
China alone will produce over 100GW (gigawatts) of solar power by 2020 (they are currently way ahead of this deadline and may increase the amount of solar power they produce) – this will power some 300 million homes (100 million U.S. equivalent)
Morocco has plans to energize over 1 million households with solar power by 2018
The Rest…HERE
