The Real Money Show is happy to welcome back Steve St. Angelo of the SRSROCCO Report. https://srsroccoreport.com/ Here is a preview of what was covered in this jam-packed 20 minute discussion. The misreporting from the World Gold Council and the LBMA of a silver overage. Upon closer inspection there was a shortfall of 106 million ounces. In 2019 ETFs made up 1/3rd of the LBMA total inventories and today it makes up more than 2/3rds. As ETFs and physical investors continue to rise expect fireworks over the next few years in terms of silver pricing. From Shortages to $100+ Silver There is a paradigm shift from building wealth to protecting wealth. Silver could experience what was witnessed in the palladium market which was a 5X increase. That would bring silver to $100+. EROI & The Number One Reason To Own Precious Metals Energy Return On Investment dictates that when energy is sparse debt makes up the difference. Stocks, bonds and real estate are energy IOUs. These assets have to earn more each year just to not lose value. Gold and silver are not energy IOUs, but rather stores of value. Balancing Energy and Future Technologies Technologies require massive amounts of energy and research shows we have reached peak oil. As the world becomes more developed technologically the fragile high tech global supply chain becomes increasingly susceptible to disruptions. Two Ways To Value Precious Metals 1) People looking to protect wealth. 2) The real world of technology. Outlook for silver beyond 2021 People are moving into markets simply because prices are rising. Silver’s price will also start rising rapidly, but the reason to own it will be even more important. As more investment moves into ETFs it is going to cause major problems for the banks.
