What Would Happen If Silver Became a Preferred Method of Saving For a Small Percentage of the U.S. Labor Force?
If a small percentage, or a single percent of the U.S. Labor Force were to purchase silver, the additional demand would overwhelm supply.
Watch “What If 1% of the U.S. Labor Force Saved in Silver?”
Watch on Rumble ““What If 1% of the U.S. Labor Force Saved in Silver?””
Watch Video on Bitchute
Watch What if 1% of the U.S. Labor Force Saved in Silver? on lbry.tv
You can buy Bitcoin, Ethereum and Litecoin through Coinbase.
Click HERE to open a coin base account and get $10 of free Bitcoin.*
Please have a listen and a look at the charts and analysis below.
Check out all the Smaulgld podcasts here.
Please consider making a small donation to Smaulgld.com. Thanks!
Sign Up For Smaulgld.com Updates Here!
Silver the “Just in Time” Commodity
The silver market is tiny and the U.S. labor force is huge. According the Bureau of Labor Statistics approximately 160,000,000 (160 million) people are attached to the labor force (and about 90 million are not).
There are no major silver stock piles (other than what is already in investment vehicles like silver ETFs or Comex vaults) Silver demand is therefore satisfied “just in time” from current mining production.
Global silver mining production was about 850 million ounces in 2015, with a value of about $13 billion.*
Global silver mining prodution is projected to fall as much as 9% in 2016.
Because of tiny size of the silver market and the impact an increase in currently elevated levels of demand would have, the Wealthwatchman has noted that silver needs to stay under the radar.
Here are charts that show the impact of an increase of a small percentage of the 160 million person U.S. Labor Force saving in silver.
If one to four percent of the U.S. Labor force bought one to three ounces of silver a month:
If one to four percent of the U.S. Labor force bought four to six ounces of silver a month:
Chart Showing The Impact of 1-4% of the U.S. Labor Force Buying 1-6 Ounces of Silver a Month For a Year
Compare American Silver Eagles for sale at:
Golden Eagle Coins
Money Metals Exchange
What If 1/2 of One Percent Of the U.S. Labor Force Saved In Silver?
Even if just 1/2 of one percent of the U.S. labor force bought six ounces of silver a month (72 ounces a year), that would add another 57,600,000 ounces to demand, effectively doubling the current record pace of American Silver Eagle demand this year.
The analysis above supposes an increase in U.S. demand only. Similar increases in the demand numbers above could be achieved with proportionally lower percentages of Americans buying proportionally less silver if there were just small increases in the percentage of people saving in silver in each of Europe and Asia.
Impact on demand
The pie is not growing, but silver coin, round and bar demand is.
For a complete silver supply and demand analysis, click here.
U.S. Mint First Quarter Record Sales
In 2015 the U.S. Mint sold a record 47 million one ounce American Silver Eagle coins. Sales of American Silver Eagles are running well ahead of last year’s record pace.
Compare prices and shipping of Perth Mint Silver Kangaroo Coins for sale at these online bullion dealers:
Golden Eagle Coin
Money Metals Exchange
Perth Mint March Sales
*value of 2015 global silver mining production assumes 850 million ounces mined and a price of $15 per ounce.
If you have enjoyed this report, please consider buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.