I agree .Both guest & host were well prepared. I'm for the progression of alterative energy vehicles; I'm just not confident with this administrations planning. The carbon footprint on the most current copper battery types as I understand it doesn't even make sense yet. I'm also of the opinion that big government should get the hell out of the way and allow the respective private industries to figure this stuff out. One more big cluster "f"
Fantastic interview. First time I’ve heard Matt speak. Dude knows his stuff. At the end he mentioned Sibanye (SBSW). Great company that’s incredibly undervalued. Dividend yield of about 12%. I’m down on the stock but have received two big dividends from the company.
@17.40 California charging 29 cents per kWh. Welcome to Adelaide, south Australia, we have been paying 40 c per kWh for years since we moved entirely to green energy. Biggest lie ever told that green energy is going to be cheaper than fossil fuel. We're 10 years into our green energy and the wind turbines and solar panels have a life of only 20 to 25 years. Where are going to dump all this shit.
The waste causes way more environmental damage than the current morons think. Actually, they know very well & are likely planning for that situation to be 1 of the next series of crises to keep them in office & continue to take away our rights. Surely they'll scream: "We didn't KNOW"!!! Just you watch. Hopefully, I'll be long DEAD by then.
Adelaide COUNCIL only recently hit that point. The rest of the metro area, and SA generally, are using both renewables & gas. And heavy renewables use for power generation is recent for SA. Prices were high way before this point was reached. Privatization is where the problem started.
@@BWater-yq3jx i think the gas and diesel backup power with the amortisation of the massive Tesla battery dampen any saving we get from solar and wind. In 2010 before all the green revolution in south Australia I was paying 11 cents per kWh off peak and 17 cents per kWh peak. I received a 3% discount if I paid on time. Our current green power is comparatively very expensive. If china is only 10 c per kWh it makes sense why all our products that we consume are now made there.
Great discussion. One thing not often mentioned is that the current cost of all these solar panels, copper, lithium, etc it the cost **when made with fossil fuel energy**. For example the solar panels are made in China with coal energy. Now think about the costs of these things if the power came from renewables at 4X the cost!
the best electrical and the best thermal conductive metal, very important commodity that is priced by the paper market, fking ridiculous this price will turn around at the speed of light when the banks cover there short positions.
There is sufficient nuclear fuel to last as long as humanity can survive on Earth. For all practical purposes it is as long lived as renewables. And it is baseload power.
Willful Blindness runs rampant in human history and here is a very obvious argument right before our eyes--does nuclear power just exist without Silver? Oh--I guess we will just use sand as a conduit--yeah? Wow... how ya gonna build all these plants without the resources--resources just pop pout of the ground forever--look at Oil... Humm... no problem--we'll just make it with sand.
I am so glad I bought my silver at $5.88 an ounce in 2004-5... so glad my children now have that security as it will easily put my 8 grandchildren through PhD's at Stanford.
Great keep losing. I would be happy to sell you a 100 oz bar for 30 usd per oz if you think this asset will appreciate so much?? I hate this worthless asset and the people who pump it onto others for a loss
Silver will never "disappear"... it's just a matter of price. USD 20 silver for sure will disappear.... but USD 50 dollar silver (or higher) will surely be available.
@@toddstevens8506 The sun is bringing new energy every day and we use energy to turn silver in the ground into silver in waste dumps. I don't see limits, just an artificial cycle.
Guys, just put silver into perspective, silver price has been low for a half a century and we got increasing demand for it. Make decisions for yourself.
Thank you for trying to get to the industrial use of silver but I am still not convinced. I want to know who is buying the silver and where is it being shipped to be incorporated into the final product. Why doesn’t the end user purchase the mining companies to ensure low cost silver. Frankly copper should flip with silver on price.
You know that solder they use on copper pipes, electric circuit boards, and electric contacts are all made from silver. There's silver coated copper cables that prevent corosion of the copper wire inside in some industrial applications that are built to last.
All commodities have a date by which usage at current levels will consume all current reserves. Reserves get added to yearly and this either extends or contracts that date depending on whether we add more or less than the yearly usage. Silver is never going to 'run out', it may get so expensive that it is no longer economic to use in such large amounts though and if there is market manipulation going on that will be sooner rather than later because the price is the mechanism by which we decide whether to add more or less and for Silver we have been adding a LOT less then upcoming demand predicts. As a result there is likely to be a price spike in the coming decade.
Stay tuned for state/fed govt to float the idea of building structures above major roadways to support solar panels. Whatever they come up with, it will result in more wasteful spending of tax dollars.
the price for solar panels wont go up much if the price of silver doubles, only 20 gram of silver is used per panel, so that would the price only go up by 15 or 20 dollar if you only look at the price of silver.
A couple of years ago, I think, I read an article that said there was not enough recoverable silver at any price to scale up the PV industry as high as many of its advocates wanted.
While we’re at it throw out the federal reserve, corrupt politicians, banisters along with all those attacking the constitution. It’s been one heck of a year and a half. Can it get worse than calling parents at school board meetings domestic terrorists?
@@slowridefpv9668 agreed. This country is finished unless there's a power shift in the next midterms. Folks in charge right now are complete psychopaths with no understanding of history, economics, human behavior or the constitution.
So, with policy suppression of fossil fuels, and the LT difficulties discussed in this video of "going electric", we can look forward to more expensive power & perhaps more brown or blackouts. The thinking on the future of power tends to be a mile wide and 1/4" deep.
Short answer is hell yes. I honestly don’t mind paying some premium for a cleaner power source. I just wish the clean energy movement would be more honest about it. For example, I would pay for Nuclear. National average power $0.13.x /kWh. Nuclear over $0.20 /kWh. But it’s reliable and nearly always on. The variable renewables are going to wreak havoc without a TerraWatt scale energy storage solution. A solution Yet to be demonstrated anywhere.
No worry. Silver is cheaper and cheaper as electrification occurs. This is another human miracle. Bought some silver yesterday. Cannot believe how cheap it is. LoL
Silver reserves are measured at the current price. When silver price increases in real terms, more silver resources, which is silver available at any price, move over into the silver reserves column. Also higher prices encourage exploration. For a surprising quantity of mineral resources there has been little change in thirty years. Yes there is a limited supply, but the Earth's crust probably will last longer than expected. I was amazed reading about a new Arizona copper mine where the ore body was found 7000 feet down. Exploration tech is improving.
If we're talking about using hydrogen to fill in for variable renewables then the hurdle of hydrogen storage and all of the expenses related to that need to be overcome to make that viable.
Exactly. Need large scale demonstrations fast. I absolutely agree. Otherwise your forcing the need for a hydrogen economy and will find a limiting supply of PGMs (specifically Pt, Ru, and Ir,) a scaling limiter. This is exactly one of the key findings of my analysis that I’m selling to mining and investment teams. For all of the trillions being spent on the Green Deal, $500B investment to double PGM mining in S. Africa would enable the larger scaling of the H2 economy. LiB minerals are going to get jammed big time by limited global resources of Li Ni Co. Electrification if everything will tax Cu and Ag. But the PGMs have 200 years worth of known global reserves, mostly 0.5 to 1.0 mile deep unfortunately, but it’s there. Global PGM miner market cap today ~540B usd last time I looked. So why not spend money on PGM mining?
Why was there no discussion on EROI (EROEI) in this interview? Also, silver is not the only buried treasure that is a finite resource. For how much longer will be we able to sustain our industrial civilization, and, when it falls, how fast will it decline? These are huge questions that are begging for answers in any discussion about the future of energy supplies.
I absolutely agree with you. About a third of the periodical table under assault. Decline ore grades of metals will put even more pressure on more mining. Prices will climb, as will inflation. Recycle recovery and many minerals is simply non existent, like rare earths. Less than 30% of recoverable silver gets recovered. I have a whole list of elements that are excellent investment ideas. Sc REEs, Pt, Ru Ir Cu Ni Zr Hf, etc.
Good time to stack physical silver as JP Morgan, Goldman Sachs, LBMA and HSBC continue to keep smacking down silver contract prices during low volume, early AM hours. Attacks, against silver, have been constant during the last year and several months.
Politicians should stop commanding the economy. A free market can more efficiently allocate resources and help minimize how much capital gets burned by ending up in landfills.
Do you think a collection of people would find it feasible to come up with an investment firm to fund the recycling of used metals? It would end up being more like a charity but why waste such a valuable bundle of metals...
Dme also has helium 3 which will be used for fission reactors. There is an experimental reactor in Washington state that is supposed to be online in 10 years
This is also a good beginning discussion for people's career opportunities into the future. The need for engineers and technicians is massive and those jobs should pay well.
The difference is the Oil Reserves and Inferred Resources were always there. Exploitation for Silver can help find more deposits for sure, but we hit a peak of 18Boz of reserves in 1990 and have consumed our way down since.
I love the interview but it doesn't take into account technological innovation. The assumption that we will continue to create the electrical grid with the same material we make it with today is simply not realistic. When the cost of metals increases while the cost of the innovations, such as carbon nanotube transmission lines, decreases we will find a move towards alternative transmission methods. Society is incredible when it comes to innovating its way out of challenges. While I agree there will definitely be an increase in the commodities costs, this is inevitable, I completely disagree with the overall fatalistic view that we cannot innovate our way out of the challenge. Good comments on the situation in Germany and Uranium, overall a great interview and good insights coming from Matt.
Industry already consumes 50% of all silver mined. Obviously, if green crazy deal is signed, Miners will not be able to mine enough on a yearly basis. Only better conductor is gold. Not sure why haters watch this to complain, he is just pointing out facts, he isn't a JP Morgan VP representative. Do your research before you complain like a girl on here.
Interesting comments to this one. Technically Silver most conductive element on periodic table Copper close second Gold third Aluminum 4th. Iron, and the rest big time distant fifth+ Indeed 50% silver consumed industrial applications. This stat climbing fast. Silver mining reserves peaked in 1990 at 18Boz, now 16Boz. New silver finds are declining. Declining ore grades is an industry concern. Need higher prices to spawn new mining of lower grades.
That is 100% crap they said that 20years ago. As long as thet keep digging deeper theres infinite amounts unearthed the more they dig the value goes down.
I dont think anyone is afraid silver its cheap investment that requires little capital i purchased over 1000oz this year to pass it on to my kids. I dont expect 100 silver in at least 15years because thats when all the cars will mostly be ev's.. I have my own business and it's booming with the economy. Best investments is business i can raise prices along with inflation. Cryto is gambling when it hits my price target of 20k i will buy a few
Everyone has their own opinions, experts can't even agree. There is a consensus that fiat currencies will eventually fail, so a smart investor will consider gold, silver, bitcoin and other hedges.
@Scientific Methodologist I've been told crypto is going to crash for YEARS. everyone that has ever said that has been wrong and so are YOU. Bitcoin alone is now transacting 2.9 million dollars per second around the world. 🤣🤣🤣
@@paulhunt1580 Don't get too excited. It's only 4.6 transactions per second. As an example, Visa is at 1500 per second. It only takes a few Bitcoin billionaires moving money around to get the amount of dollars transacted up to millions.
Has anyone even talked to all these politicians about not only NEW (for instance) solar panels we will need but ALSO THE REPLACEMENTS THAT YOU NEED AS THESE FACILITIES AGE. Solar panels lose a certain % of their capability every year from the MOMENT they are installed and they need replacement on a relatively regular basis let's say for example every 20 years, that means that by the time we are ready to reach these 2050 goals we don't just need to build all the new facilities but ALSO all the replacement of those facilities over the next 30 years on top of that. No way miners are prepared to meet this kind of demand to make the world go "green".
Molten Slat Reactors are the right way forward. Traditional nuclear are to risky, and expensive. MSRs can use nuclear waste, generate hydrogen, significantly more safe (no high pressure), desalinate sea water, lower cost to build.
Fusion power is around the corner now so there won't be much/any need for solar in 20 years, you don't need to worry about doubling your grid when you can 10000x it with no environmental impact. The world in 10 years will be unrecognizable from today, 20 years, who knows, you can't predict anything out that far. All-Carbon Conductors could replace ALL future copper wiring with almost no loss of energy. I'd be very careful about investing in metals for the long term for engineering purposes, don't underestimate technology.
Looking forward to seeing him reverse his call on Bitcoin.. he got the call right that it would drop to 30k! But, after the last few days, his call that it will drop to 20k is looking way off
Lieutenant colonel Thomas Bearden announced in 2001 he was part of a team that made an over unity power source in 1953. Solar is big now but will it always be?
Bearden was wrong. Entropy is the most fundamental law in the physical sciences. And solar is not big. It is actually very small despite all the verbal attention it receives.
I really like this presenter; he's always asking smart and important questions.
I agree .Both guest & host were well prepared. I'm for the progression of alterative energy vehicles; I'm just not confident with this administrations planning. The carbon footprint on the most current copper battery types as I understand it doesn't even make sense yet. I'm also of the opinion that big government should get the hell out of the way and allow the respective private industries to figure this stuff out. One more big cluster "f"
Great guest and David well prepared as usual
Fantastic interview. First time I’ve heard Matt speak. Dude knows his stuff. At the end he mentioned Sibanye (SBSW). Great company that’s incredibly undervalued. Dividend yield of about 12%. I’m down on the stock but have received two big dividends from the company.
Here in SAfrica also a big favourite and with the vision to increase uranium resources, a great stock to hold
Best interviewer. David is truly one of the best ever. So unbiased.
Wrong he never once asked about recycling silver.
@17.40 California charging 29 cents per kWh. Welcome to Adelaide, south Australia, we have been paying 40 c per kWh for years since we moved entirely to green energy. Biggest lie ever told that green energy is going to be cheaper than fossil fuel. We're 10 years into our green energy and the wind turbines and solar panels have a life of only 20 to 25 years. Where are going to dump all this shit.
vote these leftist communists out of office
Aussie’s have lost their minds
The waste causes way more environmental damage than the current morons think. Actually, they know very well & are likely planning for that situation to be 1 of the next series of crises to keep them in office & continue to take away our rights. Surely they'll scream: "We didn't KNOW"!!! Just you watch. Hopefully, I'll be long DEAD by then.
Adelaide COUNCIL only recently hit that point.
The rest of the metro area, and SA generally, are using both renewables & gas.
And heavy renewables use for power generation is recent for SA.
Prices were high way before this point was reached.
Privatization is where the problem started.
@@BWater-yq3jx i think the gas and diesel backup power with the amortisation of the massive Tesla battery dampen any saving we get from solar and wind. In 2010 before all the green revolution in south Australia I was paying 11 cents per kWh off peak and 17 cents per kWh peak. I received a 3% discount if I paid on time. Our current green power is comparatively very expensive. If china is only 10 c per kWh it makes sense why all our products that we consume are now made there.
This was wonderfully educational and answered a number of questions.
When you see 20 SUV’s with one passenger each lined up at a Starbucks you see the problem.
Each burning about 300 lbs of c02 just waiting for their $5.00 frappei.
Everyone loves SUVs. I don't get it.
Interesting trend in China as they gain massive wealth. They too want SUVs. Funny how that works.
Great discussion. One thing not often mentioned is that the current cost of all these solar panels, copper, lithium, etc it the cost **when made with fossil fuel energy**. For example the solar panels are made in China with coal energy.
Now think about the costs of these things if the power came from renewables at 4X the cost!
This was a great discussion about something not given enough attention.
the best electrical and the best thermal conductive metal, very important commodity that is priced by the paper market, fking ridiculous this price will turn around at the speed of light when the banks cover there short positions.
banks will never lose regardless, the bookies always win
Great, I have so much more knowledge now. Stopped after David Morgan mentioned this interview.
Matt Watson needs to be on more often. He should be advising Biden and Crew.
Tidal energy is the cleanest, most efficient, and cheapest energy source yet nowhere on earth is it being utilized.
Good luck powering Tulsa or Bozeman. Nuclear is the best option and there's no close second until technology develops something better.
Be the entrepreneur that makes it happen
GOLD PRICE WILL RISE AGAIN TO 2100$/oz. Crypto is not safe investment.
Scotland and Ireland are giving it a shot. Check out orbital O2
Bay of Fundy uses it.
There is sufficient nuclear fuel to last as long as humanity can survive on Earth. For all practical purposes it is as long lived as renewables. And it is baseload power.
Willful Blindness runs rampant in human history and here is a very obvious argument right before our eyes--does nuclear power just exist without Silver? Oh--I guess we will just use sand as a conduit--yeah? Wow... how ya gonna build all these plants without the resources--resources just pop pout of the ground forever--look at Oil... Humm... no problem--we'll just make it with sand.
I am so glad I bought my silver at $5.88 an ounce in 2004-5... so glad my children now have that security as it will easily put my 8 grandchildren through PhD's at Stanford.
So many bearish trolls in the comment section here. I’m buying more.
Once bitten, twice shy.
Yep
Great keep losing. I would be happy to sell you a 100 oz bar for 30 usd per oz if you think this asset will appreciate so much?? I hate this worthless asset and the people who pump it onto others for a loss
Aye matie.
Enjoy that 30% premium
An absolutely fantastic and accurate interview....not a talker but a man of knowledge.
Silver will never "disappear"... it's just a matter of price. USD 20 silver for sure will disappear.... but USD 50 dollar silver (or higher) will surely be available.
Nonsense, all of the resources in the earth are limited; limited by supply, limited by the amount of energy necessary to mine it etc.
@@toddstevens8506 The sun is bringing new energy every day and we use energy to turn silver in the ground into silver in waste dumps. I don't see limits, just an artificial cycle.
GOLD PRICE WILL RISE AGAIN TO 2100$/oz. Crypto is not safe investment.
@@andreasabels589 Your statement assumes unlimited silver in the ground which we know is not the case.
Not if 2 trillion USD would like to buy approx half a billion oz for sale over a period of lets say a 1 year.
So, in short, stack 1000oz Comex bars, wait 30 years and get paid out in GlobalCoin.
ahahhah, sounds like the plan😂
Guys, just put silver into perspective, silver price has been low for a half a century and we got increasing demand for it. Make decisions for yourself.
Agree.
@@simonlaw9234 That makes common sense but you wont hear that from silver bugs.
Why is the price so low then?
@@simonlaw9234 silver needs to get expensive in order to have a thought about alternatives
Thank you for trying to get to the industrial use of silver but I am still not convinced. I want to know who is buying the silver and where is it being shipped to be incorporated into the final product. Why doesn’t the end user purchase the mining companies to ensure low cost silver. Frankly copper should flip with silver on price.
Good question
You know that solder they use on copper pipes, electric circuit boards, and electric contacts are all made from silver. There's silver coated copper cables that prevent corosion of the copper wire inside in some industrial applications that are built to last.
this was a good talk. nice Kitco
Best news channel on financial markets hands down. Also very educational.
In 2050 I’ll still be holding $22 silver. TPTB have become very adept at suppressing it
no pain , no gain
Very good guest! Hope to see him much more on Kitco.
The bigger question is it takes diesel energy to dig up the silver? Silver should be $50-$100 aOz? Gas prices are $5-$10 a gallon?
Outstanding interview and great guest thank you
All commodities have a date by which usage at current levels will consume all current reserves. Reserves get added to yearly and this either extends or contracts that date depending on whether we add more or less than the yearly usage. Silver is never going to 'run out', it may get so expensive that it is no longer economic to use in such large amounts though and if there is market manipulation going on that will be sooner rather than later because the price is the mechanism by which we decide whether to add more or less and for Silver we have been adding a LOT less then upcoming demand predicts. As a result there is likely to be a price spike in the coming decade.
Stay tuned for state/fed govt to float the idea of building structures above major roadways to support solar panels. Whatever they come up with, it will result in more wasteful spending of tax dollars.
Super video!
Keep watching and following the best!
How did you watch a thirty minute video in one minute?
This guy is really knowledgeable. Excelent interview.
the price for solar panels wont go up much if the price of silver doubles, only 20 gram of silver is used per panel, so that would the price only go up by 15 or 20 dollar if you only look at the price of silver.
A couple of years ago, I think, I read an article that said there was not enough recoverable silver at any price to scale up the PV industry as high as many of its advocates wanted.
Sweet, ill start buying in 19 years.
With $$? Will they be still good in 19 years?
Great intervew. Very interesting. Hope to see this gentleman here again soon.
Remember when oil was going to run out by 2020? pepperidge farm remembers
It's basically run out at $ 4 per barrel. Now we pump for $ 50.
GOLD PRICE WILL RISE AGAIN TO 2100$/oz. Crypto is not safe investment.
Getting rid of Klaus Schwab and the World economic forum will take care of the issues we have today. his club makes these polices
While we’re at it throw out the federal reserve, corrupt politicians, banisters along with all those attacking the constitution. It’s been one heck of a year and a half.
Can it get worse than calling parents at school board meetings domestic terrorists?
@@slowridefpv9668 agreed. This country is finished unless there's a power shift in the next midterms. Folks in charge right now are complete psychopaths with no understanding of history, economics, human behavior or the constitution.
GOLD PRICE WILL RISE AGAIN TO 2100$/oz. Crypto is not safe investment.
Greetings from good old Germany 😊😉. Thanks for your really true words!
Great questions David on base metals. Good interview with Matt. I just wish he could pronounce nuclear better lol. Very knowledgeable guy.
Laughing so hard. Thanks for the comment.
Great interview. Very informative. Thx.
good info provided by this speaker.
So, with policy suppression of fossil fuels, and the LT difficulties discussed in this video of "going electric", we can look forward to more expensive power & perhaps more brown or blackouts. The thinking on the future of power tends to be a mile wide and 1/4" deep.
Short answer is hell yes. I honestly don’t mind paying some premium for a cleaner power source. I just wish the clean energy movement would be more honest about it. For example, I would pay for Nuclear. National average power $0.13.x /kWh. Nuclear over $0.20 /kWh. But it’s reliable and nearly always on. The variable renewables are going to wreak havoc without a TerraWatt scale energy storage solution. A solution Yet to be demonstrated anywhere.
Excellent! He’s very knowledgeable.
This was one of the most informative interviews to date.
A much needed discussion. Well done.
No worry. Silver is cheaper and cheaper as electrification occurs. This is another human miracle. Bought some silver yesterday. Cannot believe how cheap it is. LoL
should drop down to $17 - $19 for a while
@@cerealaugher hope it does so I can buy it up.
Silver reserves are measured at the current price. When silver price increases in real terms, more silver resources, which is silver available at any price, move over into the silver reserves column. Also higher prices encourage exploration. For a surprising quantity of mineral resources there has been little change in thirty years. Yes there is a limited supply, but the Earth's crust probably will last longer than expected. I was amazed reading about a new Arizona copper mine where the ore body was found 7000 feet down. Exploration tech is improving.
Agree completely. Silver will reclaimed and recycled from old coinage and tableware, etc. before crustal deposits are exhausted.
I would love to see some references for your stats so I can research more.
If we're talking about using hydrogen to fill in for variable renewables then the hurdle of hydrogen storage and all of the expenses related to that need to be overcome to make that viable.
Exactly. Need large scale demonstrations fast. I absolutely agree. Otherwise your forcing the need for a hydrogen economy and will find a limiting supply of PGMs (specifically Pt, Ru, and Ir,) a scaling limiter. This is exactly one of the key findings of my analysis that I’m selling to mining and investment teams. For all of the trillions being spent on the Green Deal, $500B investment to double PGM mining in S. Africa would enable the larger scaling of the H2 economy. LiB minerals are going to get jammed big time by limited global resources of Li Ni Co. Electrification if everything will tax Cu and Ag. But the PGMs have 200 years worth of known global reserves, mostly 0.5 to 1.0 mile deep unfortunately, but it’s there. Global PGM miner market cap today ~540B usd last time I looked. So why not spend money on PGM mining?
Same stuff years over years but the reality is that Silver price never do the same of S&P 500
The overweight expert is broadcasting from some lonely hotel room. Sorry if he doesn't entice my desire to buy polished stones to store my wealth.
Why was there no discussion on EROI (EROEI) in this interview? Also, silver is not the only buried treasure that is a finite resource. For how much longer will be we able to sustain our industrial civilization, and, when it falls, how fast will it decline? These are huge questions that are begging for answers in any discussion about the future of energy supplies.
I absolutely agree with you. About a third of the periodical table under assault. Decline ore grades of metals will put even more pressure on more mining. Prices will climb, as will inflation. Recycle recovery and many minerals is simply non existent, like rare earths. Less than 30% of recoverable silver gets recovered. I have a whole list of elements that are excellent investment ideas. Sc REEs, Pt, Ru Ir Cu Ni Zr Hf, etc.
Good time to stack physical silver as JP Morgan, Goldman Sachs, LBMA and HSBC continue to keep smacking down silver contract prices during low volume, early AM hours. Attacks, against silver, have been constant during the last year and several months.
@Joshua Pett they just change the rules anytime
@Joshua Pett Or, the beachball loses air and just sinks to the bottom.
GOLD PRICE WILL RISE AGAIN TO 2100$/oz. Crypto is not safe investment.
@Joshua Pett silver is hopeless but when the collapse takes place and the destruction of the country silver may have some value
Good job David
The smart money is in commodities...
Silver is good
Excellent interview!
I dont want to wait 20yrs…. I want silver to run out now and dollar collapse tomm
Should of already
Why is the economic collapse impacting billions of people good?
this guy know's his stuff, politicians should listen to him and make laws based on facts not ideas that dont work
Politicians should stop commanding the economy. A free market can more efficiently allocate resources and help minimize how much capital gets burned by ending up in landfills.
ㅂ
Aliens will give us new technology
Will give us? Who do you think built the Pyramids and the Leaning Tower of Pisa?
I like these longer interviews
Do you think a collection of people would find it feasible to come up with an investment firm to fund the recycling of used metals? It would end up being more like a charity but why waste such a valuable bundle of metals...
Recycle is a booming economy. I’m working with about 6 of them. Your point is actually a good one.
Dme also has helium 3 which will be used for fission reactors. There is an experimental reactor in Washington state that is supposed to be online in 10 years
Diablo power plant is outside San Luis Obispo not Santa Barbara
Please invite some expert on Graphene in solar panels
And poly silicon production too. Agreed.
I'm old enough to remember people saying the same thing 20 years ago...
Joe Biden is also a senile dinosaur and his pronouncements will be run over by the next guy the same way Trump did Obama.
@@WinkenBlinkenAndNod true
You must be old!!!
Perhaps senile too, or is it years of drug abuse??
we love silver bc its real money and it will became useful when system will reset or in the eventuality of the mark of the beast
@Ross Corrigan or your just not smart.
Great interview!
This is also a good beginning discussion for people's career opportunities into the future. The need for engineers and technicians is massive and those jobs should pay well.
Industry is turning engineers into button pushers and floor sweepers, all in the name of automation.
That means that 30 USD is a new high like Oil in 2008 when its price was 150 USD and then dropped to 10 USD in 2020
The difference is the Oil Reserves and Inferred Resources were always there. Exploitation for Silver can help find more deposits for sure, but we hit a peak of 18Boz of reserves in 1990 and have consumed our way down since.
I love the interview but it doesn't take into account technological innovation. The assumption that we will continue to create the electrical grid with the same material we make it with today is simply not realistic. When the cost of metals increases while the cost of the innovations, such as carbon nanotube transmission lines, decreases we will find a move towards alternative transmission methods. Society is incredible when it comes to innovating its way out of challenges.
While I agree there will definitely be an increase in the commodities costs, this is inevitable, I completely disagree with the overall fatalistic view that we cannot innovate our way out of the challenge.
Good comments on the situation in Germany and Uranium, overall a great interview and good insights coming from Matt.
Commentators here, did you actually listened to the interview or you just read the title?
Commenters? *
i comment first before i watch
I couldn't wait to comment on this title yes. Why? Because of the pumpers who have suckered people into a loser asset
@@rockymarcianothe3rd135 but yet here you are? Makes sense
Need an update. Please have him on again. (Thanks to David Morgan)
Love this guy. Articulate expert
Fantastic interview
I’m simple man I see silver I press buy!
Yes. You are a very simple man. I would guess a poor man as well.
Industry already consumes 50% of all silver mined. Obviously, if green crazy deal is signed, Miners will not be able to mine enough on a yearly basis. Only better conductor is gold. Not sure why haters watch this to complain, he is just pointing out facts, he isn't a JP Morgan VP representative. Do your research before you complain like a girl on here.
Do your research and learn that gold is not the best conductor!
Silver is the best conductor. Followed closely by copper. And then a big drop in conductivity to gold and aluminium.
Copper is far better than gold , as an actual option
Interesting comments to this one.
Technically Silver most conductive element on periodic table
Copper close second
Gold third
Aluminum 4th.
Iron, and the rest big time distant fifth+
Indeed 50% silver consumed industrial applications. This stat climbing fast.
Silver mining reserves peaked in 1990 at 18Boz, now 16Boz.
New silver finds are declining. Declining ore grades is an industry concern.
Need higher prices to spawn new mining of lower grades.
Wallstreet silver apes is shorting this down from 20 years to 3 years
This is like peak oil, who remembers that in the 80s???
That is 100% crap they said that 20years ago. As long as thet keep digging deeper theres infinite amounts unearthed the more they dig the value goes down.
I dont think anyone is afraid silver its cheap investment that requires little capital i purchased over 1000oz this year to pass it on to my kids. I dont expect 100 silver in at least 15years because thats when all the cars will mostly be ev's.. I have my own business and it's booming with the economy. Best investments is business i can raise prices along with inflation. Cryto is gambling when it hits my price target of 20k i will buy a few
I don't think we will be run out of silver. But I still think it has value and will keep on holding it, for that day it does increase in value.
Everyone has their own opinions, experts can't even agree. There is a consensus that fiat currencies will eventually fail, so a smart investor will consider gold, silver, bitcoin and other hedges.
@Scientific Methodologist I've been told crypto is going to crash for YEARS. everyone that has ever said that has been wrong and so are YOU. Bitcoin alone is now transacting 2.9 million dollars per second around the world. 🤣🤣🤣
@@paulhunt1580 Don't get too excited. It's only 4.6 transactions per second. As an example, Visa is at 1500 per second. It only takes a few Bitcoin billionaires moving money around to get the amount of dollars transacted up to millions.
Why the price has been so low for so long what's going on ?????
Manipulators
This 👏 is 👏 why 👏 we 👏 buy 👏 PSLV 👏 with 👏 our 👏 ROTH IRA 👏
Double down baby
Has anyone even talked to all these politicians about not only NEW (for instance) solar panels we will need but ALSO THE REPLACEMENTS THAT YOU NEED AS THESE FACILITIES AGE. Solar panels lose a certain % of their capability every year from the MOMENT they are installed and they need replacement on a relatively regular basis let's say for example every 20 years, that means that by the time we are ready to reach these 2050 goals we don't just need to build all the new facilities but ALSO all the replacement of those facilities over the next 30 years on top of that. No way miners are prepared to meet this kind of demand to make the world go "green".
Molten Slat Reactors are the right way forward. Traditional nuclear are to risky, and expensive.
MSRs can use nuclear waste, generate hydrogen, significantly more safe (no high pressure), desalinate sea water, lower cost to build.
do not have 20 years to wait
I'll be dead in 20yrs ffs. Silver sux
A very knowlegable guy. Thank for the video.
Great question David! I wonder if next energy conversation if you could ask about potential new energy sources like fusion etc 🙏🤙
And nuclear. Many on the street betting on uranium fir good reason.
Fusion power is around the corner now so there won't be much/any need for solar in 20 years, you don't need to worry about doubling your grid when you can 10000x it with no environmental impact. The world in 10 years will be unrecognizable from today, 20 years, who knows, you can't predict anything out that far. All-Carbon Conductors could replace ALL future copper wiring with almost no loss of energy. I'd be very careful about investing in metals for the long term for engineering purposes, don't underestimate technology.
SPARC FTW
More Gareth Soloway please!
He's a fool who keeps getting it wrong
Looking forward to seeing him reverse his call on Bitcoin.. he got the call right that it would drop to 30k! But, after the last few days, his call that it will drop to 20k is looking way off
Go buy his service if you want him everyday
@@ProdicalMan not THAT interested, happy to wait for the free Kitco interview :)
GOLD PRICE WILL RISE AGAIN TO 2100$/oz. Crypto is not safe investment.
This guy deals in a commodity that most of the world severely lacks today, Common Sense. BTW, this comment was powered by off grid solar.
Thank you. I think.
Great data 👍 I thought Silver ran out 10 years ago when it reached a zillion dollars.
"OK EVERYONE...LET'S ALL PLUG OUR EVS IN AT ONCE... ALL 2 BILLION OF THEM (2050)!!!"
Yup... we'll definitely need more capacity 😄
Very informative.!!! Great
People will start sealing solar panels, etc. Anything that has silver in it, just like they did with copper.
I wonder if they will replace some silver usage with graphene
Lieutenant colonel Thomas Bearden announced in 2001 he was part of a team that made an over unity power source in 1953. Solar is big now but will it always be?
Bearden was wrong. Entropy is the most fundamental law in the physical sciences.
And solar is not big. It is actually very small despite all the verbal attention it receives.
Great guest, great interview!
very intelligent guest
Most Energy is being Wasted..
Solar and wind require HUGE amounts of petroleum!
I'm sure Gretter Ghrimburg has a plan to work out all the problems :-) So lets go ! Full steam ahead!!
Maybe if we stop mining for bitcoin, we can conserve more of our energy so we wouldn't be dependent on solar panels.
No, alot of bitcoin get mined from excess wasted energy
@@asumamonsta I don't know if I believe that.
@@lamarravery4094 is a well known fact. Most miner have a deal with electrice companies and will switch on their mining rig during the night/off peak
Don't touch my bitcoin.
Battery storage using LFP, and direct extraction for salt brines. I solved all his problems!