Read the story here. Advertise at Before It's News here.
Profile image
By Mover Mike (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Hi Yo Silver!

% of readers think this story is Fact. Add your two cents.

Andy Hoffman writes today about the increasing cost of mining silver. He believes the cost is approaching $30 per ounce. That means that silver mining companies are likely to report losses from operations and thus shut down production.

In my view, the upcoming collapse of GLOBAL gold and silver production could be as big of a story – or bigger – the simultaneous demand explosion that MUST follow such a MASSIVE, worldwide fiat Ponzi scheme. In the case of silver, it is already in EXTREMELY short supply; which is why the U.S. Mint was forced to shut down for 12 days earlier this year, and why prices for PHYSICAL bullion – and “junk” silver, for that matter – remained elevated throughout this summer’s PAPER PM smash.

He concludes by saying “When “the Big One” hits – and supply essentially vanishes – the great majority of the world’s population (as in 98 %+) will be kicking themselves for not PROTECTING themselves when they had the chance. Of that, I am 100% sure!”

Then there’s this:
“5 days ago it was reported that on the Shanghai Exchange 1098 Metric Tons of Gold have already been taken for physical delivery year to date, and by year end, the Chinese market will have taken physical delivery of approximately the same amount of Gold as the entire world’s mine production for the year. ”

My thought: That combined with the world awash in fiat paper, it could be quite a show!


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.