{"id":59278,"date":"2021-09-11T19:01:48","date_gmt":"2021-09-12T00:01:48","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59278"},"modified":"2021-09-11T19:01:48","modified_gmt":"2021-09-12T00:01:48","slug":"physical-demand-will-completely-overwhelm-supply-and-how-silver-could-wind-up-over-270","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59278","title":{"rendered":"&#8220;Physical Demand Will Completely Overwhelm Supply&#8221; And How Silver Could Wind Up Over $270"},"content":{"rendered":"<header class=\"ArticleFull_header__11o5_\">\n<h3 class=\"ArticleFull_title__2cUI6\"><a href=\"https:\/\/www.zerohedge.com\/markets\/physical-demand-will-completely-overwhelm-supply-and-how-silver-could-wind-over-270\">&#8220;Physical Demand Will Completely Overwhelm Supply&#8221; And How Silver Could Wind Up Over $270<\/a><\/h3>\n<\/header>\n<div class=\"NodeContent_mainContent__38L44\">\n<div class=\"NodeContent_body__2clki NodeBody_container__1M6aJ\">\n<p>This is Part 1 of a two-part interview with Andy Schectman, President &amp; Owner of Miles Franklin Precious Metals, a company that has done more than $5 billion in sales. Andy is a world-renowned expert in the field of precious metals and took the time to answer some pressing questions I had about the possibility of a real silver squeeze, the precious metals market, the Fed, and the future of money worldwide. He has been a\u00a0<a href=\"https:\/\/quoththeraven.podbean.com\/e\/quoth-the-raven-261-andy-schectman-we-are-sowing-the-seeds-of-our-own-demise\/\" rel=\"\">frequent guest on my podcast<\/a>, as well.<\/p>\n<figure><a href=\"https:\/\/cdn.substack.com\/image\/fetch\/f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7d393f20-96e0-4235-b929-405809a47f63_516x399.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/cdn.substack.com\/image\/fetch\/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7d393f20-96e0-4235-b929-405809a47f63_516x399.png\" alt=\"\" width=\"368\" height=\"284.5581395348837\" data-attrs=\"{&quot;src&quot;:&quot;https:\/\/bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com\/public\/images\/7d393f20-96e0-4235-b929-405809a47f63_516x399.png&quot;,&quot;height&quot;:399,&quot;width&quot;:516,&quot;resizeWidth&quot;:368,&quot;bytes&quot;:550731,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image\/png&quot;,&quot;href&quot;:null}\" \/><\/a><\/figure>\n<div class=\"Advert_desktop__1J5vD Advert_tablet__3QEBr Advert_mobile__1rlLc Advert_placement__1I4yb Advert_align__N0_fw\">\n<aside id=\"in-content-video\" class=\"Advert_verticallySpaced__wnPy3\" data-google-query-id=\"CJ7f0svO9_ICFQ-onwodQogFyA\">\n<div id=\"google_ads_iframe_\/21841313772,21778456762\/zerohedge\/in_content_video_0__container__\"><strong>Q: Hi Andy, thanks for joining me. Is a silver squeeze really even possible given the massive size of the silver market? In layman&#8217;s terms, how could it happen?<\/strong><\/div>\n<\/aside>\n<\/div>\n<p>A: More silver is being consumed than is being mined each year.\u00a0 Last year, approximately 850 million ounces were mined globally, with a demand of over one billion ounces. The industrial demand for silver is surging in an increasingly digital world, with new applications every day in green energy and battery powered vehicles.<\/p>\n<p>At the same time annual global mine supply is declining and industrial demand is increasing, a global renaissance in monetary demand is upon us. \u00a0This is happening while a handful of large Wall Street bullion banks have manipulated the price of monetary metals for decades, \u00a0allowing some of the biggest money in the world to accumulate massive amounts of physical gold and silver at subsidized prices.<\/p>\n<p>The physical demand filters down from the top. Over 300 million ounces of silver were removed from the Comex market in 2020 by some of the most sophisticated and well healed investors in the world.\u00a0 Settlements on the Comex are usually mostly in dollars&#8230;<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Physical Demand Will Completely Overwhelm Supply&#8221; And How Silver Could Wind Up Over $270 This is Part 1 of a two-part interview with Andy Schectman, President &amp; Owner of Miles Franklin Precious Metals, a company that has done more than $5 billion in sales. Andy is a world-renowned expert in the field of precious metals [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[303,309,12091,20223,730,3650,4318],"class_list":["post-59278","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-fiat-currency","tag-physical-precious-metals","tag-quoth-the-raven","tag-silver","tag-us-federal-reserve","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59278"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59278\/revisions"}],"predecessor-version":[{"id":59279,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59278\/revisions\/59279"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}