The long-term demand of silver will always outpace supply, owing to strong growth in industrial usage, said Phil Baker, CEO of Hecla Mining.
“There’s no oversupply of silver. The growing consumption of silver from industrial, but it’s really more consumer products, has really taken off. It’s happened over the course of the last 20 years, and it continues to increase,” Baker told Kitco News on the sidelines of the Denver Gold Forum.
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20 Comments
As already mentioned in the recent, great interview with Keith Neumeyer, silver is quickly developing into a rare earth metal and is heavily undervalued. Production is barely able to keep pace with the rising demand amid dwindling deposits.
Interesting
Good work Daniela, you keep cranking out some great interviews!
My bullion dealer charges 20% over spot to buy ,then charges 10% under spot when you cash in…..so basically,its only worth keeping 10% of your cash/savings in silver for the long haul ie over 20years etc,then sell at the top of the bull market,it should double compound in value by this time….from my experience, you have to be prepared to hold for a decade or two or you will lose money in bullion fees,its like exchanging currency at a currency exchanger,you very rarely make money from exchanging different currencies because of all the fees etc…..
Thanks hecla for loosing me a good bit of money. Will never buy that stock again.
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I own that one. Nice to meet the ceo.
STILL NOT CONVINCED ABOUT THIS SUPPOSEDLY GOLD/SILVER BULL MARKET🤨🤨🤨🤨🤨
Silver and Daniela both look good today!
Buy any miner except Hecla lol
Silver might be one of the biggest cons ever…
Come on Phil. Still waiting…
Shorters in silver is in control, biggest shorter on silver is JP Morgan and also biggest holder of physical silver, we just don't know when the shorters going to close their shorts.
Please God give me one more dip below $15.
The only reason gold goes up in price is because money is debt .. if we stop renting our time from bankers gold would stop climbing.
Great content as always. Predictions about market performance based on metrics is difficult if not impossible since this market is clearly rigged and fake in so many respects and has been at least since the 2008 crash. How can anyone attempt an analysis? There is nothing honest about what is happening in the central banks, the repos, the job numbers, the stock prices, corporate earnings et al., Precisely why I'm stacking the metals….This charade is in it's final days and hopefully this time those responsible will be JAILED….
Good info thanks.
💪💪 BITCOIN GOLD SILVER🚀🚀
Thanks Daniela! (Beautiful as always)… This guy looks like Jay Powell's brother lol
Yess