Steve, is this a situation which is valid for all commodities or is it an "Ag only" situation? I stack easier, when production costs are close (Ag) or when I can buy under them (Pt), but my favourite ron went as well from 6 to 12 USD in four years. Maybe it is just the now normal inflation. Thank you!
Im on verge of selling my stack of 10 years.. been listening to story time from so many platforms for so long.. TRILLIONS AND TRILLIONS created. Usa being invaded,3 front war, unemployment seems to be 40% metals fkkn stagnant.. RIGGED
thanks for the video, steve. you kept pronouncing the polish zloty as "zolty" interesting side note: the word zloty comes from the polish word for gold
Thanks Steve for all your efforts. . It's basically unprofitable for silver mining, and we're in year 3 of a silver supply shortage… when COMEX/LBMA fail to deliver, Silver will find fair value. π
SO what is the real cost of mining ALL IN ACCOUNTING COSTS , and more importantly are there hidden payments above CME SPOT PRICE BEING PAYED BY CHINA an example of this would be high priced UNREFINED OR RAW SILVER that is not included IN THE FRAUDULANT SILVER REPORT SALES FIGURES , If the counterfeiting of currency is 12 to 16 percent a gross 6 percent margin is not a long term survivable figure , the whole silver industry makes the WIZARD OF OZ LOOK LIKE REAL LIFE DOCO
Glad to see your great information again. The Joue wish cartel running the manipulation isn't going to let the price go below production, of the primary miners stop operations it will light the fuel under this price rocket.
Even at prices above $25/ounce, most silver miners are still losing money. Even the ones squeaking by have a negative NPV. The central banks have been hammering Silver for 100 years to keep it from competing against their fiat.
Are you referring to just the cost of mining or all sustaining costs? Exploration is expensive and part of operating a mining company.
Thank you. Now I know to back up the truck everytime Silver drops close to 26/oz
Another excellent report. Great to hear from you again Steve.
Hey Steve!
Awesome vid
-JesterJay
Steve, is this a situation which is valid for all commodities or is it an "Ag only" situation? I stack easier, when production costs are close (Ag) or when I can buy under them (Pt), but my favourite ron went as well from 6 to 12 USD in four years. Maybe it is just the now normal inflation. Thank you!
Glad to hear that you'll be posting regularly again!
Thank you Steve! You put out a chart in 2020 with the breakdown of the "industrial" silver vs. the "investment" silver…..do you have an updated chart?
Excellent report. I found you on ZeroHedge….Thank you.
Im on verge of selling my stack of 10 years.. been listening to story time from so many platforms for so long.. TRILLIONS AND TRILLIONS created. Usa being invaded,3 front war, unemployment seems to be 40% metals fkkn stagnant.. RIGGED
thanks for the video, steve.
you kept pronouncing the polish zloty as "zolty"
interesting side note: the word zloty comes from the polish word for gold
Glad your back!
I predicted several years ago that 2024-2028 would see huge moves in Gold and Silver.
Thanks Steve for all your efforts. . It's basically unprofitable for silver mining, and we're in year 3 of a silver supply shortage… when COMEX/LBMA fail to deliver, Silver will find fair value. π
Interesting update Steve thxu π
Great update. Could you comment on the new oil found in the Russian arctic please. Is it accessible, will it affect your thesis?
Steve this lead think that inflation is a matter that involves each and everyone of us…
Finally Steve!!! Love to ear from you..
Really interesting video, it would be interesting to compare the silver market to the gold marketβ¦.in terms of production costs and profit margins
Brilliant! What are your thoughts on reports of a silver based ion battery for EVs? Legitimate or not? Game changer or not?
Polska, not Poleska
Mining stocks were the worst investment ever.
Thanks Steve we appreciate your analysis
SO what is the real cost of mining ALL IN ACCOUNTING COSTS , and more importantly are there hidden payments above CME SPOT PRICE BEING PAYED BY CHINA an example of this would be high priced UNREFINED OR RAW SILVER that is not included IN THE FRAUDULANT SILVER REPORT SALES FIGURES , If the counterfeiting of currency is 12 to 16 percent a gross 6 percent margin is not a long term survivable figure , the whole silver industry makes the WIZARD OF OZ LOOK LIKE REAL LIFE DOCO
Glad to see your great information again. The Joue wish cartel running the manipulation isn't going to let the price go below production, of the primary miners stop operations it will light the fuel under this price rocket.
It's been awhile, Steve. Great report. Thanks!
Been awhile?
Great update, be well.
MISSED YOU
Excellent video, Steve. Glad to see you posting again on YT !
Even at prices above $25/ounce, most silver miners are still losing money. Even the ones squeaking by have a negative NPV. The central banks have been hammering Silver for 100 years to keep it from competing against their fiat.