Peak Silver Revisited: Impacts of a Global Depression.....

[917601]

Long-fact filled.

"The world is about to peak in global silver production. This will not occur due to a lack of silver to mine, but rather as a result of the peaking of world energy resources, declining ore grades, and a falling Energy Returned On Invested – EROI. The information below will describe a future world that very few have forecasted and even less are prepared......

http://news.silverseek.com/SilverSeek/1318263505.php

[REO 54]

I wonder if they will speak of this point of view at the upcoming World Silver Conference in Spokane.
Very interesting read.Thanks

[glockngold]

#1 Silver production as a byproduct of base metal mining (copper, zinc) will decline during an economic decline/recession/depression.
#2 Peak oil will make future silver mining less profitable.
#3 worldwide silver production is in the ****hole countries.

The question is: will silver buy me more bread in the future, than it will today?

[Weatherman]

Long-fact filled.

"The world is about to peak in global silver production. This will not occur due to a lack of silver to mine, but rather as a result of the peaking of world energy resources, declining ore grades, and a falling Energy Returned On Invested – EROI. The information below will describe a future world that very few have forecasted and even less are prepared......

http://news.silverseek.com/SilverSeek/1318263505.php

This is an excellent article. His focus on the future in which energy will be both less available and more expensive is well worth reading. For many years, I have expected that the coming depression will directly result in much less base metal mining, and that will indirectly slash the byproduct silver that is produced. He covers that point briefly:



The author then goes further to show that ore grades are also dwindling over time:



The combination of higher energy costs, declining base metal production, and dwindling ore grades will severely slash the production of silver in years to come. Although the amount of silver consumed by industry may slow somewhat during the coming depression, that will be much more than offset by a substantial rise in investment demand for silver as investors try to protect their assets from the ravages of inflation. Sharp reductions in supply combined with significant increases in demand can only be satisfied at much higher prices for silver.