I agree .Both guest & host were well prepared. I'm for the progression of alterative energy vehicles; I'm just not confident with this administrations planning. The carbon footprint on the most current copper battery types as I understand it doesn't even make sense yet. I'm also of the opinion that big government should get the hell out of the way and allow the respective private industries to figure this stuff out. One more big cluster "f"
@17.40 California charging 29 cents per kWh. Welcome to Adelaide, south Australia, we have been paying 40 c per kWh for years since we moved entirely to green energy. Biggest lie ever told that green energy is going to be cheaper than fossil fuel. We're 10 years into our green energy and the wind turbines and solar panels have a life of only 20 to 25 years. Where are going to dump all this shit.
The waste causes way more environmental damage than the current morons think. Actually, they know very well & are likely planning for that situation to be 1 of the next series of crises to keep them in office & continue to take away our rights. Surely they'll scream: "We didn't KNOW"!!! Just you watch. Hopefully, I'll be long DEAD by then.
Adelaide COUNCIL only recently hit that point. The rest of the metro area, and SA generally, are using both renewables & gas. And heavy renewables use for power generation is recent for SA. Prices were high way before this point was reached. Privatization is where the problem started.
@@BWater-yq3jx i think the gas and diesel backup power with the amortisation of the massive Tesla battery dampen any saving we get from solar and wind. In 2010 before all the green revolution in south Australia I was paying 11 cents per kWh off peak and 17 cents per kWh peak. I received a 3% discount if I paid on time. Our current green power is comparatively very expensive. If china is only 10 c per kWh it makes sense why all our products that we consume are now made there.
Fantastic interview. First time I’ve heard Matt speak. Dude knows his stuff. At the end he mentioned Sibanye (SBSW). Great company that’s incredibly undervalued. Dividend yield of about 12%. I’m down on the stock but have received two big dividends from the company.
There is sufficient nuclear fuel to last as long as humanity can survive on Earth. For all practical purposes it is as long lived as renewables. And it is baseload power.
Willful Blindness runs rampant in human history and here is a very obvious argument right before our eyes--does nuclear power just exist without Silver? Oh--I guess we will just use sand as a conduit--yeah? Wow... how ya gonna build all these plants without the resources--resources just pop pout of the ground forever--look at Oil... Humm... no problem--we'll just make it with sand.
I am so glad I bought my silver at $5.88 an ounce in 2004-5... so glad my children now have that security as it will easily put my 8 grandchildren through PhD's at Stanford.
Great keep losing. I would be happy to sell you a 100 oz bar for 30 usd per oz if you think this asset will appreciate so much?? I hate this worthless asset and the people who pump it onto others for a loss
Great discussion. One thing not often mentioned is that the current cost of all these solar panels, copper, lithium, etc it the cost **when made with fossil fuel energy**. For example the solar panels are made in China with coal energy. Now think about the costs of these things if the power came from renewables at 4X the cost!
the best electrical and the best thermal conductive metal, very important commodity that is priced by the paper market, fking ridiculous this price will turn around at the speed of light when the banks cover there short positions.
Guys, just put silver into perspective, silver price has been low for a half a century and we got increasing demand for it. Make decisions for yourself.
Silver will never "disappear"... it's just a matter of price. USD 20 silver for sure will disappear.... but USD 50 dollar silver (or higher) will surely be available.
@@toddstevens8506 The sun is bringing new energy every day and we use energy to turn silver in the ground into silver in waste dumps. I don't see limits, just an artificial cycle.
Stay tuned for state/fed govt to float the idea of building structures above major roadways to support solar panels. Whatever they come up with, it will result in more wasteful spending of tax dollars.
No worry. Silver is cheaper and cheaper as electrification occurs. This is another human miracle. Bought some silver yesterday. Cannot believe how cheap it is. LoL
Thank you for trying to get to the industrial use of silver but I am still not convinced. I want to know who is buying the silver and where is it being shipped to be incorporated into the final product. Why doesn’t the end user purchase the mining companies to ensure low cost silver. Frankly copper should flip with silver on price.
You know that solder they use on copper pipes, electric circuit boards, and electric contacts are all made from silver. There's silver coated copper cables that prevent corosion of the copper wire inside in some industrial applications that are built to last.
All commodities have a date by which usage at current levels will consume all current reserves. Reserves get added to yearly and this either extends or contracts that date depending on whether we add more or less than the yearly usage. Silver is never going to 'run out', it may get so expensive that it is no longer economic to use in such large amounts though and if there is market manipulation going on that will be sooner rather than later because the price is the mechanism by which we decide whether to add more or less and for Silver we have been adding a LOT less then upcoming demand predicts. As a result there is likely to be a price spike in the coming decade.
While we’re at it throw out the federal reserve, corrupt politicians, banisters along with all those attacking the constitution. It’s been one heck of a year and a half. Can it get worse than calling parents at school board meetings domestic terrorists?
@@slowridefpv9668 agreed. This country is finished unless there's a power shift in the next midterms. Folks in charge right now are complete psychopaths with no understanding of history, economics, human behavior or the constitution.
the price for solar panels wont go up much if the price of silver doubles, only 20 gram of silver is used per panel, so that would the price only go up by 15 or 20 dollar if you only look at the price of silver.
A couple of years ago, I think, I read an article that said there was not enough recoverable silver at any price to scale up the PV industry as high as many of its advocates wanted.
Industry already consumes 50% of all silver mined. Obviously, if green crazy deal is signed, Miners will not be able to mine enough on a yearly basis. Only better conductor is gold. Not sure why haters watch this to complain, he is just pointing out facts, he isn't a JP Morgan VP representative. Do your research before you complain like a girl on here.
Interesting comments to this one. Technically Silver most conductive element on periodic table Copper close second Gold third Aluminum 4th. Iron, and the rest big time distant fifth+ Indeed 50% silver consumed industrial applications. This stat climbing fast. Silver mining reserves peaked in 1990 at 18Boz, now 16Boz. New silver finds are declining. Declining ore grades is an industry concern. Need higher prices to spawn new mining of lower grades.
I love the interview but it doesn't take into account technological innovation. The assumption that we will continue to create the electrical grid with the same material we make it with today is simply not realistic. When the cost of metals increases while the cost of the innovations, such as carbon nanotube transmission lines, decreases we will find a move towards alternative transmission methods. Society is incredible when it comes to innovating its way out of challenges. While I agree there will definitely be an increase in the commodities costs, this is inevitable, I completely disagree with the overall fatalistic view that we cannot innovate our way out of the challenge. Good comments on the situation in Germany and Uranium, overall a great interview and good insights coming from Matt.
Silver reserves are measured at the current price. When silver price increases in real terms, more silver resources, which is silver available at any price, move over into the silver reserves column. Also higher prices encourage exploration. For a surprising quantity of mineral resources there has been little change in thirty years. Yes there is a limited supply, but the Earth's crust probably will last longer than expected. I was amazed reading about a new Arizona copper mine where the ore body was found 7000 feet down. Exploration tech is improving.
So, with policy suppression of fossil fuels, and the LT difficulties discussed in this video of "going electric", we can look forward to more expensive power & perhaps more brown or blackouts. The thinking on the future of power tends to be a mile wide and 1/4" deep.
Short answer is hell yes. I honestly don’t mind paying some premium for a cleaner power source. I just wish the clean energy movement would be more honest about it. For example, I would pay for Nuclear. National average power $0.13.x /kWh. Nuclear over $0.20 /kWh. But it’s reliable and nearly always on. The variable renewables are going to wreak havoc without a TerraWatt scale energy storage solution. A solution Yet to be demonstrated anywhere.
Why was there no discussion on EROI (EROEI) in this interview? Also, silver is not the only buried treasure that is a finite resource. For how much longer will be we able to sustain our industrial civilization, and, when it falls, how fast will it decline? These are huge questions that are begging for answers in any discussion about the future of energy supplies.
I absolutely agree with you. About a third of the periodical table under assault. Decline ore grades of metals will put even more pressure on more mining. Prices will climb, as will inflation. Recycle recovery and many minerals is simply non existent, like rare earths. Less than 30% of recoverable silver gets recovered. I have a whole list of elements that are excellent investment ideas. Sc REEs, Pt, Ru Ir Cu Ni Zr Hf, etc.
Good time to stack physical silver as JP Morgan, Goldman Sachs, LBMA and HSBC continue to keep smacking down silver contract prices during low volume, early AM hours. Attacks, against silver, have been constant during the last year and several months.
Has anyone even talked to all these politicians about not only NEW (for instance) solar panels we will need but ALSO THE REPLACEMENTS THAT YOU NEED AS THESE FACILITIES AGE. Solar panels lose a certain % of their capability every year from the MOMENT they are installed and they need replacement on a relatively regular basis let's say for example every 20 years, that means that by the time we are ready to reach these 2050 goals we don't just need to build all the new facilities but ALSO all the replacement of those facilities over the next 30 years on top of that. No way miners are prepared to meet this kind of demand to make the world go "green".
If we're talking about using hydrogen to fill in for variable renewables then the hurdle of hydrogen storage and all of the expenses related to that need to be overcome to make that viable.
Exactly. Need large scale demonstrations fast. I absolutely agree. Otherwise your forcing the need for a hydrogen economy and will find a limiting supply of PGMs (specifically Pt, Ru, and Ir,) a scaling limiter. This is exactly one of the key findings of my analysis that I’m selling to mining and investment teams. For all of the trillions being spent on the Green Deal, $500B investment to double PGM mining in S. Africa would enable the larger scaling of the H2 economy. LiB minerals are going to get jammed big time by limited global resources of Li Ni Co. Electrification if everything will tax Cu and Ag. But the PGMs have 200 years worth of known global reserves, mostly 0.5 to 1.0 mile deep unfortunately, but it’s there. Global PGM miner market cap today ~540B usd last time I looked. So why not spend money on PGM mining?
Politicians should stop commanding the economy. A free market can more efficiently allocate resources and help minimize how much capital gets burned by ending up in landfills.
Looking forward to seeing him reverse his call on Bitcoin.. he got the call right that it would drop to 30k! But, after the last few days, his call that it will drop to 20k is looking way off
Unfortunately, geology doesn't work that way. At some point, no matter how much fiat money you throw at it, the extraction rate continues to decline. This is a limit imposed by physics, not finance. As the resource becomes increasingly dilute, you just can't extract it as fast after a certain point. You may look for a new discovery, but those have become harder to find and smaller. Look at helium and rhodium. Prices went through the roof, but production has not gone to new highs. All minerals and fossil fuels will eventually follow in their footsteps.
Do you think a collection of people would find it feasible to come up with an investment firm to fund the recycling of used metals? It would end up being more like a charity but why waste such a valuable bundle of metals...
This is also a good beginning discussion for people's career opportunities into the future. The need for engineers and technicians is massive and those jobs should pay well.
Dme also has helium 3 which will be used for fission reactors. There is an experimental reactor in Washington state that is supposed to be online in 10 years
The difference is the Oil Reserves and Inferred Resources were always there. Exploitation for Silver can help find more deposits for sure, but we hit a peak of 18Boz of reserves in 1990 and have consumed our way down since.
That is 100% crap they said that 20years ago. As long as thet keep digging deeper theres infinite amounts unearthed the more they dig the value goes down.
I dont think anyone is afraid silver its cheap investment that requires little capital i purchased over 1000oz this year to pass it on to my kids. I dont expect 100 silver in at least 15years because thats when all the cars will mostly be ev's.. I have my own business and it's booming with the economy. Best investments is business i can raise prices along with inflation. Cryto is gambling when it hits my price target of 20k i will buy a few
Everyone has their own opinions, experts can't even agree. There is a consensus that fiat currencies will eventually fail, so a smart investor will consider gold, silver, bitcoin and other hedges.
@Scientific Methodologist I've been told crypto is going to crash for YEARS. everyone that has ever said that has been wrong and so are YOU. Bitcoin alone is now transacting 2.9 million dollars per second around the world. 🤣🤣🤣
@@paulhunt1580 Don't get too excited. It's only 4.6 transactions per second. As an example, Visa is at 1500 per second. It only takes a few Bitcoin billionaires moving money around to get the amount of dollars transacted up to millions.
Fusion power is around the corner now so there won't be much/any need for solar in 20 years, you don't need to worry about doubling your grid when you can 10000x it with no environmental impact. The world in 10 years will be unrecognizable from today, 20 years, who knows, you can't predict anything out that far. All-Carbon Conductors could replace ALL future copper wiring with almost no loss of energy. I'd be very careful about investing in metals for the long term for engineering purposes, don't underestimate technology.
I own silver, but expect nothing from price, just stack...anyone telling you what's going to happen and when, they are wrong. If you think you are going to outsmart JPMORGAN, think again.
Just to be crystal clear, if you plot Silvers 30 year historical, the average fix is on a +8.3% CAGR. I tell clients I would expect more of same. 2021’s current $23-24 is already up from last years $15. So 8.3% CAGR continuing forward, until industrial silver demand becomes a far more dominant part of the demand mix in the 2030’s where I would expect the CAGR to accelerate. Note: Silver mining exploration has slowed dramatically. Global reserves only 16Boz. Yep the price will rise, but not overnight. You need a long view on Silver for sure to your point. Cheers
@@mattwatson4730 Very impressive interview, Matt. As an FYI, Here's a quote from a '360 Research' report:"Increase In Demand Analysis : The Global Silver Paste Market Size was 4701 million USD In 2020 and it is projected to reach 12350 million USD in 2027, growing at a CAGR of 14.8% During 2021-2027"
Molten Slat Reactors are the right way forward. Traditional nuclear are to risky, and expensive. MSRs can use nuclear waste, generate hydrogen, significantly more safe (no high pressure), desalinate sea water, lower cost to build.
