• China & India have a massive appetite for silver
• When a commodity begins to run out prices soar
• The manufacturing of solar power is consuming it in vast quantities
Currently silver is being consumed by the tonne in an explosion of industrial uses with demand at a 3 year high. China produces silver and also consumes it, in fact 70% of the worlds industrial silver is bought by China.
India too has a vast appetite and intends to buy 22% of all the 'Industrial silver' this year. India also has plans to increase its 'Investment silver' to 44%! As a species we get through 69 tonnes of the stuff every day, and if that's not staggering enough, of the 50 billion ounces recorded in history only 5% remain in above ground inventories!
As a waning commodity with 'industrial' and 'investment' demand going through the roof, silver is sitting pretty. And in so doing presents us with a huge potential "window of opportunity"! Since the financial crash of 2008 the banks have been unloading silver, there has also been a huge ETF (exchange traded fund) sell-off. As a result a lot of investors look upon silver as poor man's gold. Not being à la mode makes it hugely undervalued (I've mentioned this before http://tinyurl.com/nxn7krg).
One of America's fastest growing industries is Solar Power, it grew 41% in 2013 and uses massive amounts of silver in production. The price of the panels is falling and installations are ever increasing and it's worth bearing in mind since the end of the Second World War America has sold its silver stockpile.
Even the mighty Apple had to delay their iMac launch because of a shortage of industrial silver http://tinyurl.com/kk5svp9.
This all points to a growing world shortage and whilst none of this has affected the price of silver yet, at our present rate of consumption and ever diminishing supply there's an inevitability about where it's all heading!
To end with here's a point of view from celebrated pundit Ted Butler;
"I own silver because I feel it will perform better than any other investment I am aware of, including gold. Although I am not driven by a desire for money at all costs; I am convinced that if you are going to make an investment, it should be the best investment possible. Quite simply, I believe that silver will make more money, by far, than any other investment almost regardless of future circumstances."
If this has been of any interest or help please share. As always your comments are most welcome!
Above article link – Source: