Singapore dealer prepares vault for 15,000 tons of silver

[SilverStorm]

Saw this on Bloomberg news.   Wow, 15,000 tons of silver?!?   😵

 

Why Silver May Outperform Gold: Singapore Dealer Prepares Vault for 15,000 Tons - Bloomberg

 

 

 

[Pete]

Interesting read but I've seen this kind of stuff before.
One day silver is in huge demand and the price rocketing, next some global event ( totally unrelated ) is attributed to its collapse in price.
Gold has had a good run and is predicted to fall this year according to the same article - I hope so because I need to buy some gold coins but not at current prices.
However there is an equal probability that gold will rise and someone will Google an event and link the price of gold to this as well !!

If I was building a warehouse capable of storing 15,000 tonnes of metal it would be Lithium.
With all the electric cars being built and the need to reduce petrol cars on our roads I suspect there isn't enough Lithium mined and recycled to make all these wonderful batteries.
Not sure our political elite, trying to combat global warming, have thought about this - have they ?

 

[Paul]

thanks for posting @SilverStorm

im sure i read this same exact article a few months ago somewhere else ???

It all seems familiar and fresh in my mind 

[HillWalkerDundee]

Liar, liar, pants on fire.

I don't believe a word of it.

[Coverte]

On 10/05/2021 at 23:18, Paul said:

thanks for posting @SilverStorm

im sure i read this same exact article a few months ago somewhere else ???

It all seems familiar and fresh in my mind 

 

Very likely, the article above is dated April 12, 2021

I am expecting nothing spectacular this year, maybe ending about USD34/Oz

Next year, I expect about an annual increase to end about $42-43/Oz

By 2031, $100/Oz may actually become a reality IMO supply vs demand etc, etc.

[fredcch]

On 17/05/2021 at 03:47, HillWalkerDundee said:

Liar, liar, pants on fire.

I don't believe a word of it.

Its true. I am a Singaporean stacker. This co is "Silver bullion" and they have an existing storage facility with a State-sponsored security firm & are expanding to a Freeport site near the Airport. A lot of high-end customers bought & storing 1000oz bullion bars, mostly rich non-Singaporeans. 

Edited June 2, 2021 by fredcch