Thread by @BambroughKevin

I’ve purchased silver only 3 times in my life.

1. 1999 sub $4/oz

2. End of 2008 ~$11/oz

Sold a whack but kept some physical info the 2011 spike

3. This past week I’ve loaded up on more silver than I ever have in my life but a multiple of 10x. Via PSLV

This is what I consider the safest and surest of trades for the next 10 years. I have no idea how much it will go up. It I’m certain that it will handily beat inflation and is a great store of long term wealth. Government/Central bank money creation is completely out of control

It takes a lot of labour and energy to produce silver. Labour costs are also based on food and housing costs which are both tied to energy costs.

I was looking though some old reports.

Amazing that in 2011 (last commodity peak) total world commodity production was valued around $6t and had increased 5 fold. From 1995

Emerging markets produced ~44% of commodities in 1995 and then ~51% in 2011.

That $6t number was generated with very high commodities $110/b oil $10/gas, most commodities near their records including gold silver, copper.

Would love to see the 2020 number for global commodity production and percent produced from emerging markets? I would think it’s likely sub $6t anyway. Perhaps significantly. Based on low commodity prices for 2020.

Next I’d like to have the actual number if we totalled up USA gov deficit, EU, etc. 1st world govs. Also contrast this with all the money creation that’s occurring globally per year.

USA running a $3.5t government deficit alone is simply ridiculous. Seems to me like the 1st world isn’t particularly interested in mining etc. Much more interested in printing money and suckering the poor in 3rd world countries into working for fiat paper.

I expect we will see explosive inflation in the western world this cycle. As I’ve outlined before China is going to be increasingly interested in just getting raw materials from emerging markets and suppling them with finished goods. Much cheaper than the USA and EU

I find it interesting that China is looking at issuing US Dollar bonds. Perhaps a sign that they are increasingly becoming bearish on the dollar. Raise usd funds. Spend the money acquiring raw materials and companies that produce.

I expect all commodities other than asbestos to make new all times highs this cycle. Some will do so materially. Doubling historic highs or more. The fed is in a box. They will need to keep printing and funding government deficits

The world has a serious expensive transition to make. Off coal and eventually gas and onto nuclear, solar and wind. Along with electric vehicles. Massive infrastructure spending to accomplish this monumental task. Trillions upon trillions to be created to fund it.

The EU and USA are creating more money per year (to fund deficits and keep its economy floating along) than the entire value of all global energy commodities produced in one year globally. (Oil, coal, gas and uranium)

The spike in energy commodities around the world is a direct result of emerging markets and Chinas huge appetite for more power.

This isn’t transitory it’s the start 10-20 year transition from cheap power to net zero. Prepare for huge inflation as a result. Huge

Sorry for all the typos.. was typing on the run but wanted to share my excitement for silver early as it looks like it could really run.