Leeb – Supply Crunch To Send Silver Into The Stratosphere
August 21, 2012
Today acclaimed money manager Stephen Leeb told King World News, “… it will be very difficult going forward to acquire large amounts of silver.” Leeb, who is Chairman of Leeb Capital Management, also said that because of this, “… the price of silver is literally going into the stratosphere.”
Here is what Leeb had to say: “This is going to be very important for the silver market going forward, Eric. As an example, photovoltaics is a tremendous way to generate electricity from the sun, but it uses a large amount of silver. The major difference between photovoltaics and other ways of generating energy from the sun, is that the other methods require a great deal of water.”
Stephen Leeb continues:
“One of the methods being used to garner energy from the sun requires six to seven times more water than nuclear, and nuclear already requires tremendous amounts of water. The point I am trying to make is that photovoltaics requires a bare minimum of water and in some cases no water.
Water, which is becoming much more of a concern in today’s world, is going to be critical going forward in terms of supplies….