STEEMIT Gold / Silver Report: Silver To See New Peaks - Pan American Silver CEO Says VIDEO / 3 Mins.

in #gold6 years ago


Moving into the new economy, we will build this together friends.

Precious Metals are being backed as Blockchain assets every week, we can have it all.

Let's chase Liberty and rid ourselves of the Banksters messing with everyone on the planet.


Reminder that the Government of Canadastan sold off all reserves of our gold not long ago, in early March of 2016.

Our money, like most, is literally backed by NOTHING and that is addressed in part in the COMER.org lawsuit against the government, to return the monetary policy to the hands of the PEOPLE.

COMER is the Canadian version of END THE FED in the USSA.

https://globalnews.ca/news/2557900/canada-sells-off-remaining-gold-reserves-has-just-77-ounces-left/?sf21979544=1


Resource Today:

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From Kitco:

In order for silver to break out of its current trading range, investment demand needs to return to buffer industrial demand, said Michael Steinmann, CEO of Pan American Silver.

“Silver is a very important metal for the future, and right now, if you look at electronics, if you look at cars…but investment demand has to be there in order to bring it back to new peaks,” Steinmann told Kitco News on the sidelines of the PDAC 2018.

Steinmann noted that 60% of all silver produced annually is used for industrial applications, but this alone is not enough to move silver prices.

“It’s the investment demand that moves the price,” Steinmann said. “The industrial applications put the floor on it, I would say maybe $14 to $15 [an ounce], but the peaks will come with investment.”

Steinmann said that over the next few years, he expects to see new peaks in silver prices.


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Thanks for reading, have a nice day.


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This honestly could be silver's year --- famous last words for a long time now but for real lol

Silver has been pretty disappointing the last two years. Lets see if things turn around soon. Silver should be much higher per ounce

Agreed.

Its time is coming.

thanks for sharing! i will start following your exciting posts! Checkout my posts as well

^--- You made this exact same comment at least 8 times in the last couple hours. View these duplicate comments

Upvote this comment to support @duplibot and help reduce spam and superfluous comments.

Nice spam, ruined your acct.

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